Electronic spot trading was established on1May 19971July 1997 with the approval of the then Ministry of Economy and Trade,1October 22 1998 State Economic and Trade Commission, State Planning Commission, China Securities Regulatory Commission, State Administration for Industry and Commerce, the State Council Development Research Center, State Economic Restructuring Commission, Ministry of Domestic Trade, China Academy of Social Sciences, Beijing Business School. Professor Tao Fei, an expert in finance and trade economics of China Academy of Social Sciences, Professor Dong Furan, a famous economist, Professor Jiang Ping, a jurist, and Professor Chen Baoying, a futures expert, fully demonstrated the brand-new operation mode of spot warehouse receipt trading. The above departments, experts and scholars have conducted in-depth discussions and scientific positioning on the feasibility, legality, sustainable development and marketing strategy of spot online electronic trading of commodities from different fields such as economy, politics and law. Spot online electronic transaction has been recognized and supported by the government by virtue of its own advantages and rationality, and has a suitable legal status. Transactions generally have trading places, and spot online electronic transactions are no exception. Trading places include Shanghai Bulk Agricultural Products Trading Market and China Pacific Coal Market. The trading market provides an advanced, fast, convenient and safe trading platform for domestic and foreign spot traders through modern computer network system, and organizes traders to participate in online electronic trading of agricultural products and coal commodities. Based on the advantages of online electronic trading of spot commodities and the strict management and standardized operation of the trading market, in a short period of time, the business volume of spot electronic trading of commodities has grown from small to large, and the trading market has gained a high reputation throughout the country, which has been widely praised and recognized by superior leaders, business circles and insiders.

It belongs to the supervision of the Ministry of Commerce and functional departments at all levels.

Business on the first floor is not authentic.