The Shanghai Futures Exchange (SHFE) (Chinese: 上海期货交易所) was formed from the amalgamation of the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit-seeking incorporated body regulated by the China Securities Regulatory Commission.
The trading floor is located in Lujiazui, in the Pudong district of Shanghai. It currently trades futures contracts in copper, aluminium, zinc, natural rubber, fuel oil, and gold.
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Famous quotes containing the words shanghai, futures and/or exchange:
“It took more than one man to change my name to Shanghai Lily.”
—Jules Furthman (1888–1960)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)
“The first place he went into was the Royal Exchange .... where men of all ages and all nations were assembled, with no other view than to barter for interest. The countenances of most of the people showed they were filled with anxiety; some indeed appeared pleased, but yet it was with a mixture of fear.... [David] resolved to stay no longer in a place where riches were esteemed goodness, and deceit, low cunning, and giving up all things to the love of gain were thought wisdom.”
—Sarah Fielding (1710–1768)