Futures in China
Introduction of DEC 2014-06-23

About DCE

Founded on February 28, 1993, Dalian Commodity Exchange (DCE) is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission (CSRC) upon the approval of the State Council, and also the only futures exchange in Northeast China. Among its 14 listed futures products approved by the CSRC are corn, No. 1 soybeans (non-gmo), No. 2 soybeans (gmo), soybean meal, soybean oil, RBD palm olein, linear low density polyethylene (LLDPE), polyvinyl chloride (PVC) , coke, coking coal, iron ore, egg, fiberboard and blockboard.

By the end of 2013, DCE had had 173 member companies, 180 designated delivery warehouses,  1,776,307 investor accounts (including 50,008 corporate client accounts). In 2013, DCE achieved 701 million lots and RMB 47.15 trillion respectively in trading volume and turnover. According to the Futures Industry Association (FIA) of the U.S., DCE ranked the 11th out of the global leading derivative exchanges in 2013.

Since its establishment, DCE has adhered to its regulatory operation and steady development.  As one of China’s important futures exchanges with its authoritative domestic futures prices, DCE serves as a compass and a shelter for relevant production and operation and provides effective price references for China’s macroeconomic management. In recent years, DCE has successively conducted the market-oriented service project covering thousands of villages and households in the major grain-producing areas in Northeast China, including the training of futures-related knowledge, the free information service and the trial of the “Companies + Farmers, Futures + Orders” pattern. Besides, it has sponsored the market-oriented service project covering thousands of plants and businesses by promoting the pattern of the operation of the modern market and the involvement in the futures market. DCE has actively contributed to the construction of the regional financial center in Dalian and the revitalization of Northeast China by exploring the new road of the futures market service industry, cementing the market’s functions and boosting the sound development of relevant sectors.

The Chinese government has always attached great importance to DCE’s development. According to the “Plan of Revitalizing Northeast China” approved by the State Council in 2007, efforts should be made to propel the futures trading in a bid to build a major futures trading center in Asia by making full use of DCE. Moreover, the “12th Five-year Plan of Revitalizing Northeast China” approved by the State Council in March 2012 stressed that support should go to DCE for its expansion of services and mechanism rationalization of trading varieties so as to accelerate the construction of a major futures trading center in Asia. Gripping the development opportunities, DCE will keep striding on its way of shaping itself into a top-flight futures exchange.