China’s financial derivatives markets play a critical role in risk management, portfolio allocation, and macro hedging within the world’s second-largest economy. The China Financial Futures Exchange (CFFEX) is China’s core exchange for equity index and interest rate derivatives, providing institutional tools for managing financial market exposure.
Through Orient Futures Singapore, global investors can access CFFEX markets efficiently and compliantly as part of a broader China market strategy.
What Is CFFEX?
Established in 2006, the China Financial Futures Exchange (CFFEX) is China’s only futures exchange dedicated to financial derivatives, specialising in equity index futures and options.
CFFEX plays a central role in domestic financial price discovery and risk management, particularly for institutional investors managing exposure to China’s capital markets and interest rate environment.
Key characteristics of CFFEX include:
- RMB-denominated financial futures and options contracts
- Focus on equity index derivatives
- Cash-settled benchmark contracts
- 面向境内及合格境外投资者的受监管参与框架
- Strong linkage to China’s capital markets and macroeconomic conditions
- Institutionally oriented market structure with risk management emphasis
As China’s capital markets continue to internationalise, CFFEX benchmarks are gaining increasing importance among global asset managers, hedge funds, and institutional investors.
CFFEX Products You Can Trade
CFFEX offers financial derivatives connected to China’s stock and interest rate markets, enabling global investors to manage risk and gain exposure to China’s financial system.
| 接入通道 | 期货 | 期权 |
|---|---|---|
| Qualified Foreign Investor (QFI) (hedging only) | CSI 300 | CSI 300 |
| SSE 50 | SSE 50 | |
| CSI 500 | - | |
| CSI 1000 | CSI 1000 |
These contracts are widely used for hedging physical exposure, managing import margins, price discovery, and relative strategies.
浏览我们的中国市场接入专页概览，以了解面向全球投资者的监管架构、参与路径及市场连接机制。
Who Trades CFFEX?
CFFEX participants include:
- Asset management firms and mutual funds
- Pension funds and insurance companies
- Securities firms and proprietary trading desks
- Hedge funds and quantitative trading firms
- Institutional investors managing China equity exposure
- Global investors seeking macro and portfolio hedging tools
For global participants, CFFEX provides insight into China’s capital market sentiment, equity performance expectations, and interest rate trends.
How Foreign Investors Access CFFEX
Foreign participation in CFFEX is enabled through regulated access frameworks, including the Qualified Foreign Investor (QFI) scheme and approved futures brokerage structures for eligible products.
通过与东证期货新加坡进行交易，全球投资者将获得：
- Licenced and regulated access pathways
- 专业的账户开立与合规支持
- 机构级交易连接
- Clearing access via approved participation frameworks
- 融入更广泛的中国及全球市场战略
This structure allows foreign institutions to access China’s onshore financial derivatives markets without establishing a mainland entity.
Why CFFEX Matters in a Global Trading Strategy
CFFEX contracts complement global commodity benchmarks by:
- Providing direct hedging tools for China equity exposure
- Offering interest rate risk management linked to RMB assets
- Delivering macro signals from China’s domestic financial markets
- Supporting cross-market arbitrage between onshore and offshore assets
- Enhancing portfolio diversification and risk control for global investors
As China’s financial markets deepen and international participation expands, CFFEX pricing and liquidity are expected to play an increasingly strategic role in global asset allocation and risk management.
Access CFFEX with Orient Futures Singapore
Orient Futures Singapore provides institutional-grade access to CFFEX as part of a comprehensive China market offering, supporting clients from onboarding through execution and beyond.
联系我们 to explore how CFFEX fits into your China market strategy.
