Domestic futures trading is divided into corporate futures exchanges and membership futures exchanges, which are different from corporate futures exchanges established by shareholders. A membership-based futures exchange is established by several members with the same capital contribution. By paying a certain membership fee as the registered capital, the organizational structure is shown in the following figure. A membership-based futures exchange always has a general meeting, a board of directors, special committees, management and business management departments: 1 The general meeting is composed of all members of the membership-based futures exchange and is the highest authority of the membership-based futures exchange. The Council is the permanent body of the General Assembly, responsible to the General Assembly and implementing its resolutions. According to international practice, the board of directors is elected by all members of the exchange through the general meeting of members. 3 Special Committees Each special committee may set up a number of special committees (membership review, transaction, supervision, mediation, finance, technology, etc.) according to actual needs. ). Generally, it is proposed by the chairman and established with the consent of the board of directors. The general manager is a senior manager responsible for the daily operation and management of the futures exchange. 5 Business Management Department Futures Exchange may set up business departments such as trading, delivery, research and development, market development and finance according to the needs of work functions. It is worth mentioning that, unlike the for-profit corporate futures exchange, all the property of the membership futures exchange belongs to the non-profit limited liability legal person, and Zhengzhou Futures Exchange, Dalian Futures Exchange and Shanghai Futures Exchange all belong to it.