Core Insights - The Shanghai Futures Exchange (SHFE) has successfully positioned itself among the global second-tier exchanges, reflecting its growing influence in the international market [1] - A new comprehensive evaluation model, CGM, developed by Fudan University, has established a systematic and quantifiable standard for assessing futures exchanges, highlighting SHFE's strengths in industry foundation, risk control, and international impact [2] - SHFE is actively promoting its institutional standards and has made significant strides in internationalization, including the introduction of the "General International Business Rules" set to be implemented in August 2025 [3] Group 1 - The CGM model includes 30 quantifiable indicators across three core dimensions: Capacity, Governance, and Macro, which assess both the exchange's performance and the economic context of its country [2] - In the first application of the CGM model, SHFE ranked among the global second-tier exchanges and second in the Asia-Pacific region for commodity exchanges, following the Hong Kong Exchanges and Clearing [2] - The SHFE's pricing mechanisms are increasingly being adopted globally, with the Osaka Exchange using SHFE's natural rubber futures settlement price as a benchmark for its contracts, marking a significant milestone for Chinese pricing standards [4] Group 2 - By September 2025, the number of Qualified Foreign Institutional Investors (QFI) clients at SHFE increased by 49.2% year-on-year, indicating a growing international interest [7] - The SHFE's internationalization efforts are not only benefiting Chinese industries but also serving trade partner countries, as evidenced by a German manufacturing company's successful engagement with SHFE [6] - The SHFE's products, such as SC crude oil futures, have become essential tools for managing price volatility in the Asian market, reflecting the exchange's increasing liquidity and relevance [6]