State-owned enterprises According to the information of official website of the State Administration for Industry and Commerce, Huatai Futures Capital is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. Huatai Futures, a subsidiary of China Huatai Group Co., Ltd., was established on 1993 and is headquartered in Pudong New Area. Huatai Futures, as a futures trading participant and service provider, has a high reputation and influence in the domestic futures market.