From June 5438 to 10, 2002, the Shanghai Gold Exchange was formally established, which realized the marketization of China's gold production, consumption and circulation system and marked the official opening of China's domestic gold market. 1990 10, Zhengzhou Commodity Exchange was established, which is the first commodity futures exchange in China. In September 2006, China Financial Futures Exchange was formally established, becoming the first financial derivatives exchange in China. 1997 foreign exchange forward began to be piloted.