 | |
Native name | 郑州商品交易所 |
|---|---|
| Company type | Commodity Exchange |
| Founded | 1990 |
| Headquarters | No. 30, Business Outer Ring Road,Zhengdong New Area,Zhengzhou City,Henan Province |
| Products | Futures contract,Options |
| Website | www |
TheZhengzhou Commodity Exchange (ZCE), established in 1990, is afutures exchange inZhengzhou, one of thefour futures exchanges inChina. The ZCE is under the vertical management ofChina Securities Regulatory Commission (CSRC).
The ZCE is a member of theChina Futures Association.[1]
ZCE specializes in agricultural and chemical product futures, includinghard white wheat, stronggluten wheat,sugar,cotton,rapeseed oil andPTA, a petroleum-based chemical product.[2]
Zhengzhou Commodity Exchange was the first experimentalfutures market approved by the State Council, established on October 12, 1990. The ZCE, which started withforward contract trading, launched its first futures contracts on five agricultural products -wheat,maize,soybean,green bean andsesame on May 28, 1993.
In 1988, the Research Group of the Zhengzhou Grain and Oil Futures Market in China was established. In 1990, the State Council permitted the China Zhengzhou Grain Wholesale Market (CZGWM) to operate on an experimental basis. In March 1991, China's inaugural advance contract was executed under the organization and supervision of CZGWM. In 1992, Vice PremierZhu Rongji conducted an inspection at CZGWM.[3]
In 1993, the CZCE introduced futures contracts for wheat, corn, soybean, mung bean, and sesame. In 1994, contracts for peanut kernels, soybean powder, and red beans were introduced, and an afternoon session commenced. In 1996,Jiang Zemin,General Secretary of the Chinese Communist Party,President of the People's Republic of China (PRC), and Chairman of the Central Military Commission, conducted an inspection of the CZCE.[4][5]
In 2001, ZCE and ZCGWM were bifurcated into two autonomous entities. In 2003, the trading volume reached 49.82 million contracts, reflecting a 17.3 percent increase from the prior year. In 2006, white sugar futures contracts were introduced at the ZCE, which also sponsored the inaugural China (Shenzhen) Sugar Industry Peak Forum. In 2009, the ZCE conducted the opening-bell ceremony for early indica rice futures.
On December 1, 2020, Zhengshang received approval from theMonetary Authority of Singapore as a recognized market operator in Singapore.[6][7]
