First of all, tianjin precious metal exchange is a company-based exchange initiated by Tianjin Property Rights Exchange Center with the approval of Tianjin Municipal Government. The varieties of the exchange are six kinds of precious metals, such as platinum spot, silver and spot copper, which are controlled by enterprises such as China CITIC Group, Tianjin Property Rights Exchange Center and China National Gold Group Corporation. Its business scope includes gold and silver, non-ferrous metals, retail extension and other businesses, and it can provide electronic platforms or related business service licenses. The exchange is also our domestic trading platform.
Secondly, the Shanghai Gold Exchange was approved by the State Council, established by the People's Bank of China and registered with the State Administration for Industry and Commerce. It is the only state-level market in China that legally deals in gold. It mainly follows the principles of openness, fairness, justice, honesty and credibility, and specifically implements self-discipline management for the purpose of not making profits. The Exchange officially opened on June 30th, 2002, and its existing members have reached 10. In 26 provinces, municipalities and autonomous regions, this exchange is also the largest gold spot exchange in the world.
Finally, the Shanghai Futures Exchange. It is established in accordance with relevant laws and regulations, performs the functions of relevant laws and regulations, and focuses on self-discipline management and acceptance. China Securities Regulatory Commission conducts centralized supervision and management on the 1 1 futures contracts of gold, silver, copper, aluminum, zinc, lead, rebar and fuel oil currently listed and traded on the Shanghai Futures Exchange. Shanghai Futures Exchange has 398 members, accounting for more than 80% of corporate members. About 250 remote transactions and terminals have been launched all over the country, which can also support online transactions, and this is also the 66th in China.