Three. 1. Southern commodity futures. Nanhua futures Co., Ltd. is the first full settlement member of China Financial Futures Exchange, mainly engaged in commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management business, securities investment fund consignment business, etc. At the same time, the company is a full member of Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange, a trading participant of Shanghai Stock Exchange and a member of Shanghai International Energy Trading Center. The actual controller of the company is Dongyang Hengdian Economic Enterprise Association. The company is the first futures company of A-share IPO.

2. Da Rui Futures. Da Rui Futures Co., Ltd. is a large-scale fully licensed futures company in China, mainly engaged in commodity futures brokerage, financial futures brokerage, asset management and futures investment consulting business. Da Rui Futures is one of the leaders in the futures asset management industry, mainly based on CTA strategy. Da Rui Asset Management made great efforts to expand the futures option derivatives market, focusing on investing in commodity futures and options, financial futures and their derivatives, and developed three series of actively managed futures asset management products with stable returns and controllable risks, such as Ruizhi Enterprising, Ruizhi Worry-Free and Ruizhi Steady. The actual controller of the company is Lin Zhibin. This company is the second futures company of A-share IPO.

3. Yu Xiang, Xiamen. Xiamen Xiangyu is a traditional state-owned enterprise in Xiamen and an established A-share listed company. The business of listed companies is formed by all logistics enterprises such as trade, logistics, dock and park development under Xiamen Xiangyu Group Co., Ltd. (the controlling shareholder). The company is a supply chain management company focusing on commodity procurement and distribution, terminals, logistics and park development. Yu Xiang Futures Company is jointly invested by Xiamen Yu Xiang Group Co., Ltd. and China Nonferrous Mining Group Co., Ltd. Strictly speaking, Xiamen Yu Xiang is only a futures concept stock, not a listed company whose main business is futures business.

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Main characteristics of futures

1. The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of a futures contract are all established and standardized, and the only variable is the price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.

2. The futures contract is concluded under the organization of the futures exchange and has legal effect, and the price is generated by public bidding in the trading hall of the exchange; Most foreign countries adopt public bidding, while our country adopts computer trading.