Shanghai Futures Exchange is one of the major futures exchanges in China. It is a legal person who performs the functions stipulated by relevant laws and regulations and implements self-discipline management according to the articles of association of the company, and is subject to centralized and unified supervision and management by the China Securities Regulatory Commission. The futures listed in the previous period are mainly precious metals and industrial varieties or raw materials. Future s Market: a place for futures trading, which is derived from the forward spot market and is a more organized and standardized market form corresponding to the spot market. The broad futures market includes futures exchanges, clearing houses, brokerage companies and futures traders (investors). The narrow sense of futures market only refers to futures exchanges.