When was the earliest commodity futures exchange established in China? Which one?
The first formal commodity futures exchange in China is Shenzhen Nonferrous Metals Exchange, which was established on June 199 1.
Zhengzhou Commodity Exchange only launched futures trading on May 28th, 1993. Before that, it had been trading in the form of grain wholesale market, so Zhengzhou Commodity Exchange was not the first futures exchange in Chinese mainland.