Guangzhou Futures Exchange (GFEX)

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Guangzhou Futures Exchange (GFEX)
Founded 2021
Headquarters Guangdong-Hong Kong-Macao Greater Bay Area, China
Products lithium carbonate futures

In April of 2021, China Securities Regulatory Commission (CSRC) launched the Guangzhou Futures Exchange to develop products, systems, and technology to establish a futures market serving the real economy and green development. The exchange was part of a development plan for the Guangdong-Hong Kong-Macau greater bay area released by China's state council in February of 2019, which committed to launch a carbon futures market as part of China’s efforts to meet its emission-reduction targets.[1] The exchange serves as a part of China’s “One Belt, One Road” initiative.[2]

GFEX is the fifth futures exchange in mainland China.

History[edit]

GFEX was launch in April of 2021.

In January of 2022, Deutsche Börse and Guangzhou Futures Exchange announced a Memorandum of Understanding (MoU) in which both sides would jointly explore opportunities in green finance product and promote carbon market development. A major element of the partnership is the business cooperation between Deutsche Börse's European Energy Exchange EEX and GFEX.[3]

The Guangzhou Futures Exchange launched lithium carbonate futures on July 21, 2023, offering participants an opportunity to hedge price volatility in the battery raw material. China consumed more than 80% of the world’s lithium carbonate in 2022, worth 243.6 billion yuan ($34.18 billion), according to CITIC Futures.[4] GFEX was the fourth global commodities exchange to launch contracts tracking the price of lithium carbonate.[5]

Products and Services[edit]

  • Lithium Carbonate Futures

Key People[edit]

References[edit]