Zhengzhou Futures Exchange is the first pilot unit of futures market in China approved by the State Council. Established in 1990, 10, 12. After two years of successful spot forward trading, futures trading was officially launched on May 28th. 1993. 1In August, 998, Zhengshang Institute was identified as one of the three major futures exchanges in China by the State Council, China, and was under the vertical management of China Securities Regulatory Commission. The general meeting of members is the authority of Zheng Shang Institute, which is composed of all members. Zheng Shang Institute has more than 200 members in 26 provinces, municipalities and autonomous regions in China. The Council is the permanent body of the General Assembly and consists of seven special committees. The general manager of Zhengshang Institute is the legal representative, and internal functional departments are set up according to work needs.