The year 2021 was a milestone for the CPC and for China. Over the year, under the leadership of the China Securities Regulatory Commission (CSRC) and with the support of members, China Financial Futures Exchange (CFFEX) continued to uphold the Xi Jinping Thought on Socialism with Chinese Charac...
China Financial Futures Exchange (CFFEX) was established in September 2006 in Shanghai with the approval of the State Council of the People’s Republic of China and the China Securities Regulatory Commission (CSRC). It is the first and only incorporated exchange in Chinese mainland specializing in providing trading and clearing services for financial futures, options and other derivatives. As a market operator and front-line regulator, CFFEX is dedicated to facilitating the development of China’s financial derivatives markets.
CFFEX has launched 7 products since 2010, i.e. CSI 300, SSE 50 and CSI 500 Index Futures, 2-year, 5-year and 10-year China government bond (CGB) futures and CSI 300 Index Options, providing high-quality risk management tools for the stable development of China’s financial market. To better serve China’s capital market and the real economy, CFFEX is committed to building a standardized, transparent, open, dynamic and resilient financial futures market, creating a safe, efficient and professional risk management platform for global RMB assets, and serving high-quality social and economic development. CFFEX’s vision is to build a leading exchange with full commitment to social responsibility, complete market functions, sound governance and risk control, and safe and efficient operations.
To further its international business initiatives and facilitate high-quality opening up, CFFEX is looking to strengthen its professional workforce through global recruitment. CFFEX welcomes applicants who aspire to participate in the development of China’s financial futures and derivatives markets.
1. Basic Requirements
1.1 Moral integrity and professional ethics
Candidates should abide by the principles and policies of the Communist Party of China, the laws and regulations of the People’s Republic of China and workplace discipline. Candidates should be dedicated to facilitating China’s capital market development, and possess honesty, integrity, professionalism, willingness to collaborate and sound reputation.
1.2 Educational background
All positions require an advanced degree, and candidates are expected to receive both of their under- and post-graduate degrees from renowned universities. Candidates with doctorate degrees obtained overseas, outstanding academic achievements, or expertise in areas with a talent gap are preferred.
1.3 Work experience
Candidates are expected to have a minimum of 7 years of relevant working experience, including 3+ years of experience in managerial or technical positions. Candidates should be cooperative and passionate about the financial industry, with high motivation and a strong sense of responsibility.
Candidates should be physically and mentally healthy, and aged under 45.
2. Vacancies and Eligibility Requirements
2.1 Legal expert
(1) well-versed in finance and laws of common law countries, as well as overseas securities regulations;
(2) more than 3 years of working experience in world-renowned law firms, universities, financial regulatory agencies or stock exchanges;
(3) strong language and communication skills, in both verbal and written forms; and
(4) English proficiency and ability to use English as a working language.
2.2 Auditing expert
(1) familiar with Chinese and US accounting and auditing standards, US Public Company Accounting Oversight Board (PCAOB) rules, and relevant regulatory and practice requirements;
(2) more than 3 years of working experience in the Big Four accounting firms, independent auditing or regulatory agencies;
(3) strong language and communication skills, in both verbal and written forms; and
(4) English proficiency and ability to use English as a working language.
3.1 Recruitment process
The recruitment process includes application, resume screening, interview (professional interview and comprehensive interview), background check, pre-employment medical examination, and issuance of offer letter, details of which will be duly notified.
3.2 Submission of application
Applications should be submitted online. To apply, please log on http://cffex.zhaopin.com/ and submit your resume. If an applicant passes resume screening, CFFEX may request the applicant to provide additional certification materials as needed.
(1) Information contained in the resume should be true, complete and accurate, and cannot be edited after submission. CFFEX will verify applicants’ personal information and will reject an application if any factual error is identified.
(2) Each applicant may only apply for one position.
(3) CFFEX will contact the applicants by email, text message or other means. Please keep the lines of communication open.
(4) CFFEX has the right to adjust, cancel or terminate the recruitment process based on actual recruitment needs or applications received, and reserves the right of final interpretation.
(5) If you have any questions about the recruitment, please follow the official WeChat account CFFEX_career or send an email to HR@cffex.com.cn (for questions only, not for submission of application materials).
(6)If you have any questions about sending resume, please contact 021-23068800*66509.
China Financial Futures Exchange (CFFEX) recently released the list of outstanding market makers and outstanding members in market making services for the year 2021. A total of 20 market makers received Gold, Silver, and Bronze Market Maker Award for China government bond (CGB) futures and equity index options. Another 20 members received Outstanding Services Award for CGB futures and equity index options market making. CFFEX hereby congratulates all award-winners and encourages all market makers and members to make ever-greater contributions in further enhancing financial futures’ role in serving the real economy and promoting the high-quality development of the financial futures market.
2022 is the year for convening the 20th CPC National Congress and the first year for implementing the Strategic Plan of China Financial Futures Exchange (2022-2024). CFFEX will adhere to the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, continue to pursue progress while ensuring stability and duly carry out the decisions of the CPC Central Committee, the State Council, and the CPC CSRC Committee under the strong leadership of the CPC CSRC Committee. CFFEX will embrace the new development philosophy in a holistic, precise, and comprehensive manner and further contribute to the new development paradigm. In line with CSRC’s policy of “system building, no intervention and zero-tolerance” and principle of “Four Awes” and “One Synergy”, CFFEX will continue to strengthen the management and services of market makers and further raise the quality and efficiency of market making. Through these efforts, CFFEX aims to maintain a sound and stable financial futures market and facilitate its functioning, so as to contribute to the high-quality development of the capital market and the national economy, and celebrate the 20th CPC National Congress with greater achievements.
China Financial Futures Exchange
June 23 , 2022
On the occasion of the May 15 National Investor Protection Promotion Day and the National Promotion Month for the Prevention of Illegal Securities and Futures Activities in 2022, China Financial Futures Exchange (CFFEX), under the strong leadership of the China Securities Regulatory Commission (CSRC), organized a string of promotional events themed on investor protection and the Futures and Derivatives Law. These events aim to strengthen investor protection by warning investors against the risks of illegal securities and futures activities, protecting their legitimate rights and interests, and furthering their understanding of the Futures and Derivatives Law and relevant rules and regulations.
Investors represent the ultimate driving force for capital market development. Respecting them, recognizing their critical role, and offering effective protection is a concrete manifestation of the people-centered development philosophy of China’s capital market, and the fundamental mission of securities and futures regulators. Upholding investor education and protection as a top priority, CFFEX has, with years of experience and massive support from market participants, developed a distinctive brand of investor protection and education. This year, building on its past achievements, CFFEX further rolled out several innovative programs that cater to the latest market trends and the evolving needs of investors.
CFFEX Chairman leads the promotion of the Futures and Derivatives Law. After the Futures and Derivatives Law was adopted, CFFEX swiftly created An Illustrated Guide to the Futures and Derivatives Law and the Micro Course Series on the Futures and Derivatives Law. He Qingwen, CFFEX Chairman and Secretary of CPC CFFEX Committee, was invited as the lecturer for the series premiere on the significance of the Futures and Derivatives Law for the development of the financial futures market.
Media convergence makes investor education more engaging and informative. In response to the National Investor Protection Promotion Day and the National Promotion Month for the Prevention of Illegal Securities and Futures Activities, CFFEX created an innovative online “Pop-up Space” for investor education, providing learning materials in various forms including text, picture, audio, and video. The space consists of three exhibition sections with distinct themes, i.e. financial history since revolutionary times, prevention of illegal securities and futures activities, and investor education combined with social responsibility programs, as well as two entertainment sections including an interactive quiz and a virtual photo booth. Leveraging the effective content presentation of media convergence and the advantages of online information dissemination, the space delivers interactive and immersive learning experiences based on real-life cases and scenarios, equipping investors with a better understanding of rational investment and basic financial knowledge.
CFFEX joins hands with CSRC regional offices and universities to better incorporate investor education into national education. CFFEX and the CSRC Sichuan Office jointly launched the Financial Futures Cup contest for colleges and universities in Sichuan, encouraging students to create short videos about the Futures and Derivatives Law and prevention of illegal securities and futures activities. The contest is designed to guide students to apply what they have learned, extend futures education from theory to practice, turn theoretical knowledge into a useful tool for investor education, and improve financial literacy, thus further integrating investor education with national education.
CFFEX cooperates with CSRC regional offices and media platforms for investor protection and education. By combining their respective strengths to form synergy, CFFEX and the CSRC Shanghai Office co-produced a special audio program on the prevention of illegal securities and futures activities. Themed “select recognized financial institutions, avoid illegitimate entities, make rational investments, and beware of fraud”, the program shares useful information through real-life cases and scam techniques analysis. The program is also available on professional media platforms including the Ximalaya FM App, Shanghai CBN Radio 97.7 FM, and the AJMIDE audio community to reach broader audience.
CFFEX develops featured investor education works that break down complex information into bite-sized chunks for ease of understanding. In addition to the audio program, CFFEX also designed other original education materials on the prevention of illegal securities and futures activities, such as comic series of typical cases, infographics on relevant tips, motion graphics, promotional posters, and a comprehensive guide to the business rules of CFFEX. These informative and engaging works have been published on CFFEX new media platforms.
Quizzes and surveys are carried out to further enrich education endeavors based on investors’ actual needs. In observance of the May 15 National Investor Protection Promotion Day, CFFEX organized a knowledge quiz on investor protection-related rules, prevention of illegal securities and futures activities, and basics of financial futures. The entertaining program helped promote the concept of rational investment and raise investors’ awareness of risk prevention. In addition, CFFEX sent out questionnaires to collect investors’ suggestions for educational activities and materials to better understand their needs and concerns.
Next, CFFEX will continue to implement the decisions and instructions of the 2022 investor protection work conference of the CSRC. Guided by the relevant CSRC departments and with the support of CSRC regional offices, CFFEX will align to the goal of “stabilizing growth, preventing risks, and promoting reform”, and coordinate with stakeholders to form a synergistic ecosystem of investor protection featuring cooperation and common progress, so as to enhance investors’ sense of gain and security. While listening to the voices of investors, responding to their concerns, and meeting their needs, CFFEX will continue to carry out a diverse range of investor protection and financial futures awareness-raising programs in engaging ways, so as to facilitate investor protection endeavors, and better serve the high-quality development of the capital market.
As the China government bond (CGB) futures market develops steadily, CGB futures play an increasingly important role in creating yield curves that more accurately reflect market supply and demand and serving the high-quality development of the capital market, particularly the bond market. To further improve the operation of the CGB futures market, facilitate medium- to long-term investments in CGB futures, and promote the tiered structure and refined management of market makers for CGB futures, China Financial Futures Exchange (CFFEX) issued the Circular on Releasing the List of Primary, General, and Reserve Market Makers for China Government Bond Futures on January 25, 2022, approving eight securities companies, including China Merchants Securities Co., Ltd., as primary market makers; four securities companies, including Guotai Junan Securities Co., Ltd., as general market makers; and Ping’an Securities Co., Ltd. as reserve market maker.
CFFEX introduced the CGB futures market-making mechanism on May 16, 2019. Market makers have since duly performed their quoting obligations, playing a positive role in improving liquidity, pricing efficiency, and market stability. The introduction of a new management structure is conducive to fostering a multi-tier market maker community to further enhance market operation.
Next, under the leadership of the China Securities Regulatory Commission (CSRC), CFFEX will continue prioritizing stability while pursuing progress, implementing the CSRC's principle of "Four Awes" and "One Synergy", prudently carrying out the tasks assigned by the CPC CSRC Committee on deepening capital market reform, improving the trading mechanism, strengthening the management of market makers, and further promoting the quality and efficiency of market making. Through these efforts, CFFEX will maintain a safe and stable financial futures market and further promote its functioning.