The five major domestic futures exchanges refer to China Financial Futures Exchange, Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Central Commodity Exchange. China Financial Futures Exchange, established in 1998, is an important part of China's capital market, mainly engaged in the trading and settlement of financial futures. Established in 1992, Shanghai Futures Exchange is the earliest futures exchange in China, mainly engaged in stock index, national debt, foreign exchange and crude oil futures. Dalian Commodity Exchange, established in 1993, is the largest commodity futures exchange in China, mainly engaged in futures trading of ferrous minerals, agricultural products, soft objects and metals. Zhengzhou Commodity Exchange, established in 1999, is the fourth largest commodity futures exchange in China, mainly engaged in the trading of agricultural and sideline products, soft commodities and metals. China Central Commodity Exchange, established in 2006, is the fifth largest commodity futures exchange in China, mainly engaged in futures trading of non-ferrous metals, agricultural and sideline products, soft objects and other commodities. These five futures exchanges play an important role in China futures market and provide effective risk management services for the real economy.