1September 1992, Guangdong Wantong Futures Brokerage Company, the first futures brokerage company in China, was established. By 1993, due to the deviation of understanding and the drive of interests, futures exchanges have been established in various departments all over the country without unified management. By the second half of 1993, there were more than 50 futures exchanges and nearly 1,000 futures brokerage institutions in China.
After more than 20 years of exploration and development, China's futures market has moved from disorder to maturity, and gradually entered a benign track of healthy and stable development and increasingly obvious economic functions. The market transaction volume is growing rapidly and the transaction scale is expanding day by day. According to the statistics of China market, the turnover of China futures market increased from 5521990,000 yuan in 1993 to 291986.59 million yuan in 20 14, an increase of 527.77 times. Futures trading volume increased from 8906900 lots in 1993 to 25058 lots in14, an increase of 280.33 times. At the same time, the international influence of China futures market has been significantly enhanced, and it has gradually grown into the world's largest commodity futures trading market and the largest agricultural futures trading market, and maintained a high international influence on rebar, silver, copper, gold, thermal coal, stock index futures and many agricultural products.