The futures market operated smoothly in 2022, with volumes falling back from the previous year, with commodity futures and options varieties accounting for 72.3% of the global total. In the global exchange turnover ranking, four domestic futures exchanges ranked in the top 25 in terms of turnover; in the global turnover ranking of three categories of agricultural products, metals and energy, domestic futures and options varieties accounted for 16, 14 and 5 seats respectively in the global top 20 of the corresponding categories. The number of new varieties steadily increased, the derivatives system became more complete and the capital strength of futures companies continued to grow.

In 2022, the domestic futures market traded 6,768 million lots (one-sided) and 534.9 trillion yuan, down 9.93% and 7.96% respectively year-on-year). With 83,848 million lots traded in the global futures market, domestic futures market turnover accounted for 8.07% of total global turnover, a decline of approximately 4 percentage points from the 12% share in 2021. Of this, domestic commodity futures and options turnover was 6,616 million lots, accounting for 72.3% of the total global commodity futures and options turnover of 9,153 million lots, up 2.5% from the 69.8% share in the same period in 2021.

By exchange, the Shanghai Futures Exchange (SHFE) traded 1.82 billion lots and 141.3 trillion yuan, down 23.09% and 26.85% year-on-year, accounting for 26.94% and 26.41% of the market, respectively. The Shanghai International Energy Exchange traded 120 million lots and 40.04 trillion yuan, up 59.73% and 86.51% respectively year-on-year, accounting for 1.78% and 7.49% of the national market respectively. The Zhengzhou Commodity Exchange (ZCE) traded 2.398 billion lots and RMB 9.685 trillion, down 7.14% and 10.33% year-on-year, accounting for 35.42% and 18.10% of the national market respectively. The Dalian Commodity Exchange (DCE) traded 2.275 billion lots and RMB12.373 trillion, down 3.77% and 11.91% year-on-year, accounting for 33.62% and 23.13% of the national market respectively. The China Financial Futures Exchange (CFFEX) traded 152 million lots and RMB 133.04 trillion, up 24.44% and 12.58% year-on-year, accounting for 2.24% and 24.87% of the national market respectively. The Guangzhou Futures Exchange (GFEX) traded 193,636 lots and RMB15.840 billion.

According to the global volume data from the Futures Industry Association (FIA), in 2022, ZCE, DCE, SHFE and CFFEX ranked 8th, 9th, 12th and 25th respectively in terms of global exchange-traded futures and options volume. CFFEX moved up 2 places from 2021, while DCE did not change its ranking, and ZCE and SHFE dropped 1 and 4 places respectively from 2021.

A total of 16 new varieties of futures options were listed throughout 2022, including 2 futures varieties and 14 options varieties. Among them, the SHFE listed rebar options and silver options; the ZCE listed rapeseed oil options and peanut options; the DCE listed yellow soybean no.1 options, soybean no.2 options and soybean oil options; the CFFEX listed CSI 1000 stock index futures, CSI 1000 stock index options and SSE 50 stock index options; the Guangchang Institute listed industrial silicon futures and industrial silicon options; the SSE listed CSI 500 ETF options; and the SZSE listed GEM ETF options, CSI 500 ETF options and SZ100 ETF options.

By the end of 2022, the total number of listed futures and options reached 110, including 93 in the commodity category (65 in futures and 28 in options) and 17 in the financial category (7 in futures and 10 in options).