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1. An information platform for trading certain information and articles needs a fixed place called an exchange. With the help of the information platform, the exchange realizes the sharing of property rights information, off-site transactions, unified coordination, property rights trading market and the balance of various terms. A market where securities or commodities are traded in bulk can buy and sell spot and futures. Usually divided into stock exchanges and commodity exchanges. A stock exchange that deals in stocks and corporate bonds is called a stock exchange; Commodity exchanges are called commodity exchanges, trading commodities (such as cotton, wheat, iron ore, crude oil, etc. ).

2. Shanghai Stock Exchange is a non-profit legal person, which is directly managed by China Securities Regulatory Commission. Its main functions include: providing places and facilities for securities trading; To formulate the business rules of the stock exchange; Accepting listing applications and arranging the listing of securities; Organizing and supervising securities trading; Supervise members and listed companies; Manage and publish market information. The market transaction of Shanghai Stock Exchange adopts electronic bidding. All listed securities must be publicly declared for bidding through the computer mainframe, and the mainframe will automatically match transactions according to the principle of price priority and time priority.

3. Shenzhen Stock Exchange (hereinafter referred to as Shenzhen Stock Exchange) was established in 1990 12 1. It is a legal person who provides places and facilities for centralized securities trading, organizes and supervises securities trading, performs duties stipulated by relevant state laws, regulations, rules and policies, and implements self-discipline management. The main functions of Shenzhen Stock Exchange include: providing places and facilities for securities trading; Formulate business rules; Examining the application for listing securities and arranging the listing of securities; Organizing and supervising securities trading; Supervisory member; Supervision of listed companies; Manage and publish market information; Other functions permitted by China Securities Regulatory Commission.

4. Guided by Scientific Outlook on Development, Shanghai Futures Exchange thoroughly implements the State Council's strategic decision on promoting the reform, opening-up and stable development of the capital market, follows the policy of "laying a solid foundation, deepening reform, promoting opening-up, expanding functions, strengthening supervision and promoting development", organizes transactions in strict accordance with laws, regulations and policies, earnestly performs the front-line supervision duties of the market, and strives to create and construct a safe, orderly, efficient and orderly market mechanism. To create an open, fair, honest and transparent market environment, the long-term goal is to become a standardized, efficient, transparent, comprehensive and international derivatives exchange, and the goal in the next five years is to become a leading and globally influential commodity futures, options and other derivatives exchange in the Asia-Pacific time zone.