The shrinkage of stock index futures exceeds 90%, which leads to the whole futures industry entering a cold winter. The resignation of the futures industry, the shrinkage of stock index futures by more than 90% and the shrinkage of stock index futures business are the main reasons for the overall cold winter of Hualian futures industry. Hualian generally refers to Beijing Hualian Group Investment Holding Co., Ltd. Beijing Hualian Group Investment Holding Co., Ltd. (hereinafter referred to as Beijing Hualian Group) is one of the 15 national large-scale retail enterprises supported by the Ministry of Commerce, and is also a member of China Retail Enterprises of the International Department Store Association.