Group 1 - The core viewpoint of the article highlights significant growth in China's futures market, with June's trading volume and turnover showing substantial year-on-year increases [1] - In June, the national futures market recorded a trading volume of 739,579,418 contracts and a turnover of 52,793.414 billion yuan, representing year-on-year growth of 28.91% and 17.25% respectively [1] - For the first half of the year, the cumulative trading volume reached 4,076,413,725 contracts and a cumulative turnover of 3,397,278.36 billion yuan, with year-on-year increases of 17.82% and 20.68% respectively [1]

Core Insights - The Chinese futures market experienced significant growth in April, with a total trading volume of 808.59 million contracts and a trading value of 70.18 trillion yuan, marking year-on-year increases of 21.49% and 23.69% respectively [1] - Cumulatively, from January to April, the trading volume reached 2.66 billion contracts and the trading value was 232.20 trillion yuan, reflecting year-on-year growth of 22.19% and 28.36% [1] Group 1: Shanghai Futures Exchange - In April, the Shanghai Futures Exchange recorded a trading volume of 232.01 million contracts and a trading value of 289.93 trillion yuan, accounting for 28.69% and 41.31% of the national market respectively, with year-on-year increases of 8.97% and 26.88% [1] - From January to April, the cumulative trading volume was 725.50 million contracts and the trading value was 771.96 trillion yuan, representing year-on-year growth of 21.08% and 42.78% [1] Group 2: Other Exchanges - The Shanghai International Energy Exchange had a trading volume of 17.43 million contracts and a trading value of 31.60 trillion yuan in April, with year-on-year increases of 64.35% and 20.45% [2] - The Zhengzhou Commodity Exchange reported a trading volume of 262.74 million contracts and a trading value of 75.44 trillion yuan in April, with year-on-year increases of 18.58% and a decrease in trading value of 4.51% [2] - The Dalian Commodity Exchange's trading volume was 254.40 million contracts and the trading value was 94.83 trillion yuan in April, with year-on-year increases of 34.79% and 6.93% [3] - The China Financial Futures Exchange recorded a trading volume of 25.08 million contracts and a trading value of 202.07 trillion yuan in April, with year-on-year increases of 33.58% and 47.9% [3] - The Guangzhou Futures Exchange had a trading volume of 16.93 million contracts and a trading value of 7.91 trillion yuan in April, with year-on-year increases of 30.5% and a decrease in trading value of 4.82% [4] Group 3: Market Composition - The top three products by trading value in the futures market include gold, silver, and copper from the Shanghai Futures Exchange, while the Zhengzhou Commodity Exchange leads with rapeseed oil, glass, and PTA [4] - By trading volume, the leading products include rebar, silver, and fuel oil from the Shanghai Futures Exchange, with glass, PTA, and soda ash from the Zhengzhou Commodity Exchange [4] - As of April 2025, there are a total of 146 listed futures and options products in China [5]