Zhengzhou Commodity Exchange (hereinafter referred to as ZCE) was founded in October, 1990. With the approval of the State Council, ZCE was established as a pilot exchange in China futures market and it is regulated by China Securities Regulatory Commission (CSRC).

As a self-disciplinary exchange, ZCE provides the venue, facilities and appropriate services for derivatives trading under the principles of openness, fairness, impartiality and good faith. ZCE performs functions described in the Regulations on the Administration of Futures Trading and the Measures for the Administration of Futures Exchange.

The Members Assembly is the supreme decision-making entity of ZCE and is constituted of all ZCE’s members. The Board is the standing presence of the Members Assembly, and under the umbrella institutes Strategic Advisory Committee and 8 specialized committees, including Products Committee, Trading Committee, Supervision Committee, Self-Disciplinary Committee, Finance & Audit Committee, Information Technology Committee, Risk Management Committee and Strategic Advisory Committee. Currently, ZCE has 164 members, 418 designated delivery warehouses (factories) and 15 designated margin depository banks.

ZCE has launched 26 futures products, including common wheat, strong gluten wheat, early rice, late indica rice, japonica rice, cotton, cotton yarn, rapeseed, rapeseed oil, rapeseed meal, white sugar, apple, Chinese Jujube,  peanut kernel, thermal coal, methanol, purified terephthalic acid (PTA), flat glass, manganese silicon, ferrosilicon, urea, soda ash, polyester staple fiber, paraxylene, sodium hydroxide and polyethylene terephthalate resin for bottles futures, and 18 options products including white sugar, cotton, PTA, methanol, rapeseed meal, rapeseed oil, thermal coal, peanut kernel, paraxylene, sodium hydroxide, polyester staple fiber, soda ash, manganese silicon, ferrosilicon, urea, apple, Chinese Jujube and flat glass options, covering crucial fields of national economy including agriculture, energy, chemicals, textile, construction materials and metallurgical industries.

By the end of 2024, ZCE’s trading volume reached 2.61 billion contracts. The trading value reached 85.1 trillion RMB.

ZCE has implemented a set of futures trading rules, including margin requirement, daily price limits, daily mark to market settlement and physical delivery. ZCE would consistently improve its trading rules according to market developments and innovations.

ZCE has well-functioning electronic systems for trading, delivery, settlement, risk monitoring, information release and member services. Members and investors can trade futures through a remote trading system. Market data is simultaneously released to domestic and foreign markets through a number of quotation systems, including Reuters, Bloomberg and IDC.

ZCE pays great attention to international communication and cooperation. ZCE joined the International Options Market Association in June 1995 and the World Federation of Exchange (WFE) in October 2012. In March 2019, ZCE joined Futures Industry Association (FIA). ZCE has signed cooperative agreements with overseas exchanges including CBOE, CME, MCX, HKEX, MexDer, AFET, TMX, DBAG, MOEX , SGX, BMD and Baltic to enhance international communication, by which further expands ZCE’s international influence.

At the new stage of development, ZCE will implement the New Development Concept, serve the New Development Pattern and take systematic view to coordinate development and safety. ZCE will continuously take “Integrity, Innovation, Professionalism and Responsibility” as its core value, endeavor product innovation, improve market service, enhance technical support and strengthen risk prevention, strive to achieve the vision of being an industry-leading risk management platform and a global commodity pricing center, and contribute more to high-quality economic and social development in 14th Five-year Plan period.