With the approval of the State Council and the authorization of China Securities Regulatory Commission (CSRC), China Financial Futures Exchange (CFFEX) was founded jointly by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange on September 8, 2006 in Shanghai.

    Following the principle of higher starting point and higher standard, CFFEX will construct an electronic market which follows the trend of global development. Also CFFEX has a unique multi-tiered members' clearing system, strict risk management policy and an organization structure like a corporation to improve its competitive strength and development potential.

    It won't be long for the CSI 300 index futures, the first contract of CFFEX, to be launched. Afterwards, CFFEX will introduce other financial derivatives such as other index futures, index options, government bonds futures and currency futures

    CFFEX will start operating steadily, control the risk strictly, keep innovating, and aim to construct a healthy, standard, dynamic and energetic exchange which grows as time elapses so as to promote the steady development of China's capital market, safeguard the national finance security, and realize the steady operation of the economy.