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Is the stock index 300 exchange opened by the county illegal?
It is illegal to open an exchange in the county. At present, there are only four futures exchanges in China: Zhengshang Exchange, Dashang Exchange, Fangshang Exchange and CICC.

1. The futures exchange is the place to buy and sell futures contracts and the core of the futures market. It was established with the approval of the relevant state departments.

2. It is a non-profit organization, but its non-profit only means that the exchange itself does not conduct trading activities, and its non-profit does not mean that it does not pay attention to interest accounting.

3. It realizes reasonable economic benefits, including membership fee income, transaction fee income, information service income and other income, on the basis of providing traders with open, fair and just trading places and effective supervision services. A set of institutional rules formulated by it provides a self-management mechanism for the whole futures market, which enables the principle of "openness, fairness and justice" in futures trading to be realized.