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How to understand the corporate system and membership system of China Futures Exchange?
The futures exchange may adopt the company system or the membership system.

1: The registered capital of a membership-based futures exchange is divided into equal shares, which are funded and subscribed by members. The general assembly (authority) was established. At present, the membership futures trading is owned by Dalian Commodity Exchange, Zhengzhou Commodity Exchange and Shanghai Commodity Exchange.

2. The company-based futures exchange adopts the organizational form of joint stock limited company. The shareholders' meeting is the authority. At present, China is a company-based exchange.

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