The Hong Kong Futures Exchange, formerly known as the Hong Kong Commodity Exchange, began to operate 1977. The Hong Kong Mercantile Exchange started trading raw sugar and cotton, 1979 started trading soybeans, and 1986 started trading May futures contracts. The turnover quickly surpassed other contracts, accounting for 87% of the total turnover at 1987. Initially, the Hong Kong Commodity Exchange was reviewed every five years. 1982 considered that its operation was unsuccessful. 1984 After the reorganization and management regulations of the Exchange were revised, the Hong Kong Commodity Exchange was renamed as a futures exchange, and the Shanghai index futures was designated as the first contract for futures trading. The trading volume of 1998 index futures and options contracts accounts for more than 90% of the total trading volume in the market. At present, there are futures and options of financial products such as red chip index and individual stocks listed on the Hong Kong Futures Exchange. As Hong Kong is an international financial center with developed foreign exchange market, financial derivatives market, stock market, bond market, capital market and gold market, Hong Kong Futures Exchange has a broad development prospect.