There are 9 national exchanges, 4 securities exchanges, 4 futures exchanges and precious metals 1, namely Shenzhen Stock Exchange, Shanghai Stock Exchange, National Share Transfer System for SMEs, China Financial Futures Exchange, Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Shanghai Gold Exchange and Beijing Stock Exchange. Everything else is an informal platform.

The above nine exchanges are all approved by the State Council, so you can trade with confidence, because one country covers all the issues. Other exchanges are not standardized, either gambling with customers, black platforms or simulated trading systems.