Explore the Shanghai Futures Exchange (SHFE) and access China’s leading metals and industrial futures markets.
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中国工业品与金属市场在全球供应链中占据核心地位。上海期货交易所(SHFE)作为中国核心大宗商品交易所之一,提供涵盖基本金属、贵金属及能源相关产品的基准期货与期权合约。

通过东证期货新加坡,全球市场参与者能够高效、合规地参与SHFE产品交易,并将其作为更广泛中国市场战略的一部分。

SHFE简介

上海期货交易所(SHFE)成立于1999年,是中国领先的衍生品交易所,专注于与中国制造业经济深度绑定的工业金属及战略性大宗商品。

在中国作为全球最大生产国或消费国的诸多商品领域,SHFE在国内价格发现中发挥着关键作用。

SHFE的主要特征包括:

  • 以人民币计价的期货与期权合约
  • 核心工业品实行实物交割
  • 与中国制造业供应链深度融合
  • 面向境内及合格境外投资者的受监管参与框架
  • 在全球金属定价体系中的国际影响力持续提升

随着中国工业部门深刻影响全球大宗商品流向,SHFE基准合约在国际交易者中的重要性日益凸显。

SHFE可交易产品

SHFE主要聚焦于基本金属、贵金属及基础设施与制造业核心所需的工业原材料。

接入通道 期货 期权
合格境外投资者(QFI) 铜期权
铝期权
锌期权
黄金 黄金期权
白银 白银期权
螺纹钢 螺纹钢期权
热轧卷板 -
不锈钢 -
燃料油 燃料油期权
纸浆 纸浆期权
天然橡胶 天然橡胶期权
铅期权
锡期权
石油沥青 石油沥青期权

这些合约广泛应用于对冲现货风险、管理进口利润、价格发现以及与全球基准联动的相对价值策略

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。

SHFE市场参与者类型

SHFE市场参与者主要包括:

  • 金属生产商与冶炼企业
  • 加工与制造企业
  • 基础设施与建筑工程公司
  • 大宗商品贸易机构
  • 对冲基金与自营交易团队
  • 寻求中国金属市场敞口的机构投资者

对于全球参与者而言,SHFE是洞察中国境内金属需求的重要窗口,其定价信号往往领先于全球大宗商品周期。

境外投资者如何接入SHFE

境外投资者可通过合规框架参与SHFE交易,包括经核准的期货经纪商及认可的国际化参与机制。

通过与东证期货新加坡进行交易,全球投资者将获得:

  • 持牌合规的接入通道
  • 专业的账户开立与合规支持
  • 机构级交易连接
  • 经核准架构的清算服务
  • 融入更广泛的中国及全球市场战略

这一架构使境外机构无需设立中国境内主体,即可直接参与中国境内金属市场。

SHFE在全球交易战略中的重要性

SHFE合约与伦敦金属交易所(LME)、纽约商品交易所(COMEX)等全球基准形成互补,主要体现在:

  • 反映中国特有的供需动态
  • 提前释放工业需求变化信号
  • 提供亚洲时区流动性与套利机会
  • 提升亚洲敞口的对冲精准度

鉴于中国在全球金属消费与生产中的规模占比,SHFE定价已成为国际商品战略中不可忽视的关键组成部分。

通过东证期货新加坡接入SHFE
Man Pouring Hot Liquid Metal

作为中国市场接入的一部分,东证期货新加坡为客户提供机构级别的SHFE交易通道,从开户支持到交易执行及后续服务,全程协助客户高效参与中国市场。

欢迎联系我们,了解参与SHFE交易如何助力您的中国市场布局。

**免责声明**

东证期货国际(新加坡)私人有限公司(“东证期货新加坡”)根据新加坡金融顾问条例第32C条的规定,分发东证集团内的附属公司所提供的信息和研究。

此信息和研究在新加坡准备并分发,并仅供东证期货的客户使用。根据有关的法规,此信息和研究只能分发给在新加坡法律定义下属于认证投资者 (Accredited Investor)、专家投资者 (Expert Investor) 或机构投资者(Institutional Investor) 的客户。如果您不是新加坡法律定义下的认证投资者、专家投资者或机构投资者,您特此确认并同意,您不应接受此信息和研究,并承诺立即停止访问或阅读此信息和研究。

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