A group of 24 IBSS postgraduate students visited the Shanghai Futures Museum at Shanghai Futures Exchange as part of a module on financial markets.
Zhizhuang Li, student leader of the trip, said: “Staff at SHFE introduced the origins of the China futures market and milestones in futures exchange history.
“We have learned a lot about the development of China futures market in the early days through historical items on display in the museum. A range of official documents from after the establishment of the People’s Republic of China demonstrated a comprehensive growing path of modern Chinese futures market. This experience has allowed us to further deepen our understanding of the domestic futures market.”
Sven Meyer, Director of External Cooperation, Shanghai Institute of Futures and Derivatives, met the students and answered their questions.
“The most liquid commodity traded on this exchange is gold, especially the contracts for Junes. The most illiquid commodity is wire,” Mr Meyer told students.
The Shanghai Futures Exchange is one of the largest commodities markets in China and lists contracts in steel, copper, aluminum, natural rubber, fuel oil, zinc and gold. Formed in 1998, it is regulated by the China Securities Regulatory Commission (CSRC).