Shanghai Futures Exchange - AbsoluteAstronomy.com

The Shanghai Futures Exchange (SHFE) (Chinese:

Chinese character

Chinese characters are logograms used in the writing of Chinese and Japanese , less frequently Korean , formerly Vietnamese , or other languages...

上海期货交易所) was formed from the amalgamation of the Shanghai Metal Exchange

Shanghai Metal Exchange

Shanghai Metal Exchange , one of the national level futures exchanges of China, was established on 28 May 1992. SHME is a non-profit, self-regulating corporation...

, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit-seeking incorporated

Incorporation (business)

Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...

body regulated by the China Securities Regulatory Commission

China Securities Regulatory Commission

The China Securities Regulatory Commission is an institution of the State Council of the People's Republic of China , with ministry-level rank...

.

The trading floor is located in Lujiazui

Lujiazui

Lujiazui is an important financial district in Pudong, Shanghai. In 2005 the State Council reaffirmed the positioning of the 31.78 km² Lujiazui area, as the only finance and trade zone among the 185 state-level development zones in mainland China.-Economy:...

, in the Pudong

Pudong

Pudong |Bank]]") is an area of Shanghai, China, located along the east side of the Huangpu River, across from the historic city center of Shanghai in Puxi. Formerly a little-developed agricultural area linked only by ferries, Pudong has grown rapidly since the 1990s and emerged as China's financial...

district of Shanghai

Shanghai

Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

. It currently trades futures contract

Futures contract

In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...

s in copper

Copper

Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

, aluminium

Aluminium

Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....

, zinc

Zinc

Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2...

, natural rubber

Rubber

Natural rubber, also called India rubber or caoutchouc, is an elastomer that was originally derived from latex, a milky colloid produced by some plants. The plants would be ‘tapped’, that is, an incision made into the bark of the tree and the sticky, milk colored latex sap collected and refined...

, fuel oil, and gold

Gold

Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

External links

Shanghai Futures Exchange: Official website

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See also

External links