The Shanghai Futures Exchange ( SHFE ; Chinese : 上海期货交易所 ) is a futures exchange in Shanghai , China formed from the amalgamation of the national level futures exchanges of China , the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit -seeking incorporated body regulated by the China Securities Regulatory Commission .
20-644: The trading floor is located in Lujiazui , in the Pudong district of Shanghai . It currently trades futures contracts in copper , aluminium , zinc , tin , nickel , lead , natural rubber , fuel oil, silver , and gold . The Shanghai Metal Exchange (SHME), was established on 28 May 1992. SHME is a non-profit, self-regulating corporation. The exchange was created for trading in non-ferrous metals and currently contracts for several non-ferrous metals including copper , aluminum , lead , zinc , tin , and nickel . SHME
40-666: A peninsula on a bend of the Huangpu River, which turns from flowing north to flowing east. The importance of Lujiazui stems from the fact that it lies directly across the river from the Bund , the old financial and business district of Shanghai, and just south of the confluence of the Suzhou Creek with the Huangpu River . Until the 1980s, Lujiazui was a relatively low-built area, featuring residential houses, warehouses, and factories. Following
60-520: Is a 113 km-long (70 mi) river flowing north through Shanghai . The Bund and Lujiazui are located along the Huangpu River. The Huangpu is the biggest river in central Shanghai, with the Suzhou Creek being its major tributary. It is on average 400 m (1,312 ft) wide and 9 m (30 ft) deep, and divides the city into two regions: Puxi ("west of Huangpu"), the traditional city center , and Pudong ("east of Huangpu"). The following roadways, highways, and railways also cross
80-457: Is a locality in Shanghai , a peninsula formed by a bend in the Huangpu River . Since the early 1990s, Lujiazui has been developed specifically as a new financial district of Shanghai. The decision to earmark Lujiazui for this purpose reflects its location: it is located on the east side of the Huangpu River in Pudong , and sits directly across the river from the old financial and business district of
100-528: Is a subsidiary of the Shanghai Futures Exchange established in 2013. It was created for trading energy derivatives . Contracts include futures and options on commodities such crude oil , copper , low sulfur fuel oil , and rubber . The exchange's hours are 9AM–11:30AM and 1:30PM–3:00PM China Standard Time . Lujiazui Lujiazui ( Chinese : 陆家嘴 ; pinyin : Lùjiāzuǐ , Wu Chinese pronunciation: [lʊʔ˩ ka̱˨ t͡sz̩˧] )
120-518: Is located in the city of Shanghai and its geographical location bridges the time gap between London Metal Exchange and New York Mercantile Exchange markets, thus enabling traders across the world to have a 24-hour access to futures contracts of non-ferrous metals. SHME is currently the largest non-ferrous metals futures exchange in China and the third largest exchange of its kind in the world. The Shanghai International Energy Exchange (INE; 上海国际能源交易中心)
140-477: Is served by Lujiazui station , which is on Shanghai Metro Line 2 and Shanghai Metro Line 14 . Additionally, the Bund Sightseeing Tunnel is a tourist attraction consisting of slow-moving underground vehicles which move between the Bund and Lujiazui accompanied by light and sound effects in the tunnel. Huangpu River The Huangpu ( pronunciation ), formerly romanized as Whangpoo ,
160-517: The Bund . Lujiazui is a national-level development zone designated by the government. In 2005, the State Council reaffirmed the positioning of the 31.78 km (12.27 sq mi) Lujiazui area as the only finance and trade zone among the 185 state-level development zones in mainland China. Lujiazui is located in the Pudong New District on the eastern bank of Huangpu River . It forms
180-540: The Dongchang Road ferry terminal provides river-crossing services across the Huangpu River to central and southern central Shanghai. The most popular ferry service for tourists connects Dongchang Road wharf with Jinling East wharf, located on the Bund . At the north end, the Xichang Inn wharf provides river-crossing services across the Huangpu River to northern central Shanghai. The former Lujiazui ferry wharf, once part of
200-533: The Huangpu River via a bridge: A number lines of the Shanghai Metro cross underneath the river, including Line 12 , Line 4 , Line 2 , Line 9 , Line 4 (twice), Line 8 , Line 13 , and Line 11 (from north to south geographically). There are several roadways which cross the Huangpu river via a tunnel, including: There are currently several ferry lines operated by Shanghai Ferry . Numerous tour boats also ply
220-469: The Lujiazui skyline dominate Shanghai tourism materials, and there are 5 five-star hotels in the area, providing approximately 2,443 rooms, and three more five-star hotels are expected in the area in the coming years, adding more than 1,200 luxury units. The modern configuration of the Huangpu River and Suzhou Creek beyond the old county town of Shanghai is the result of engineering works completed during
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#1732847830833240-450: The Qing dynasty, the construction of levees on the peninsula encouraged settlement in greater numbers, with a number of villages forming in the part of the peninsula within the levees. Mudflats remained outside the levees. The opening of Shanghai as a treaty port in the mid-19th century led to rapid development of Lujiazui as an industrial and commercial area servicing Shanghai. The middle part of
260-486: The allocation of Lujiazui as a special investment zone in 1992, the development of Lujiazui's skyline begun. This was largely driven by Chinese state owned enterprises investing and developing the property within the area, with the inaugural landmark, the Oriental Pearl Tower , being completed in 1994. The success of Lujiazui in the past 20 years has fueled tourism and business related travel to Shanghai. Pictures of
280-521: The bend. This alluvial floodplain was called a "mouth" ( zui ) after its shape. It was named after the family of Lu Shen, a 15th-century scholar-official of the Ming dynasty. Lu's family became one of the most prominent in Ming dynasty Shanghai, and lived in the Yangjing canal area, east of the Huangpu River and close to today's Lujiazui. During the Ming dynasty, fishermen were recorded as living in Lujiazui. During
300-460: The early Ming dynasty . The result is that the wider Huangpu River, flowing north past the county town, then turned east at its confluence with the now narrower Suzhou Creek, proceeding along the former downstream channel of the Suzhou Creek to enter the sea at Wusongkou, the former mouth of Suzhou Creek. The bend in the Huangpu River resulted in the formation of an alluvial beach east and south of
320-408: The industrial facilities. In 1986, as part of reform measures to use Shanghai as a centre for increasing economic development and trade in China, a Chinese government policy document referred to the development of Pudong for the first time, including the creation of a new financial and trading center in Lujiazui. The policy of "developing and opening up Pudong" was officially announced in 1990. Pudong
340-724: The most popular river crossing in Shanghai, was closed in 1999, with its wharf structure now used as a waterfront seating area. By road, Lujiazui is connected to the rest of central Shanghai by the Yan'an East Road Tunnel, linking the southern end of the Bund with the centre of Lujiazui. Further away from the centre of Lujiazui, the Renmin Road Tunnel and Fuxing East Road Tunnel link southern Lujiazui with southern central Shanghai, while Xinjian Road Tunnel and Dalian Road Tunnel link northern Lujiazui with northern central Shanghai. By metro, Lujiazui
360-457: The peninsula became a town called Lannidu (烂泥渡, literally "Mud Ferry"), named after one of the wharves on the river bank. British, American, French, German and Japanese interests built a series of factories, warehouses and storage yards, and wharves to service them. A busy commercial street developed in Lannidu to service the commodities trade as well as the daily needs of the many workers employed by
380-482: The skyline of Lujiazui since it was completed in 1995, although there are now two skyscrapers taller than it. In 2015, the Shanghai Free Trade Zone was expanded to include Lujiazui. Landmark buildings in Lujiazui include: By water, Lujiazui is linked to the rest of central Shanghai by ferry services from two wharves, located at the northern and southern ends of the area respectively. At the southern end,
400-401: Was quickly transformed over the next few decades from its industrial past into a financial and commercial centre. As well as a large number of skyscrapers housing the offices of corporations, banks and professional service firms, the area also features a number of hotels and shopping centres, and a convention centre by the waterfront. The Oriental Pearl Radio & Television Tower has dominated
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