The beginning of China's futures trading is199010/0/0/0/2. China futures market originated from the reform and opening-up in 1980s, while China futures market came into being under the background of grain circulation system reform. After a period of theoretical preparation, China futures market began to enter the practical operation stage.

Futures trading is an advanced trading method based on spot trading and forward contract trading. In order to transfer the risk of market price fluctuation, it refers to the form of buying and selling futures contracts in an open competition on commodity exchanges through brokers.

1990 10 12 Zhengzhou grain wholesale market was established. The futures trading mechanism was introduced on the basis of spot trading, which took the first step in the development of China futures market. Zhengzhou grain wholesale market has established a system that focuses on spot trading and introduces futures trading.

With the expansion of domestic agricultural demand, the state canceled the policy of unified purchase and marketing of agricultural products, which led to the increasing regulation of the market on the production, circulation and consumption of agricultural products, the price of agricultural products fluctuated sharply, and the spot price was opaque and distorted. The establishment of Zhengzhou grain wholesale market can not only provide price signals to guide future production and operation activities, but also prevent market risks caused by price fluctuations, which has become the focus of attention.