Ministerial level Shanghai Futures Exchange was established in accordance with relevant laws and regulations. The general manager of the exchange is a legal person who belongs to ministerial cadres, performs the functions stipulated by relevant laws and regulations, and implements self-discipline management in accordance with its articles of association. Shanghai, referred to as "Shanghai" or "Shen" for short, is a provincial administrative region, municipality directly under the Central Government, national central city, megacity and core city of Shanghai metropolitan area in People's Republic of China (PRC), and is an international economic, financial, trade, shipping and scientific and technological innovation center of China approved by the State Council.