History of Zhengzhou Grain Wholesale Market

1990 In July, Zhengzhou Grain Wholesale Market in China was established with the approval of the State Council, and was jointly managed by the Ministry of Commerce and the Henan Provincial People's Government. 199010 June 12, China's first standardized national grain wholesale market, Zhengzhou Grain Wholesale Market in China, officially opened, thus opening the prelude to the development of modern grain wholesale market in China.

1993 In March, Zhengzhou Commodity Exchange was established in Zhengzhou Grain Wholesale Market, China, and futures trading was officially launched on May 28th, forming a "Zhengzhou model" of coordinated development of futures and spot.

1995 China Zhengzhou grain wholesale market launched the grain comprehensive information network to carry out e-commerce;

200 1 1 according to the requirements of relevant state departments, the futures and spot management systems are separated. China Zhengzhou Grain Wholesale Market and Zhengzhou Commodity Exchange were set up respectively, specializing in spot trading of grain. It has created a new situation of transforming the traditional market with modern science and technology and combining the traditional market with the online market.

In February 2004, in order to meet the requirements of market-oriented reform, Zhengzhou Grain Wholesale Market in China was transformed from a public institution into a wholly state-owned enterprise and renamed Zhengzhou Grain Wholesale Market, which embarked on a new path of market-oriented development.

In September 2006, Zhengzhou Grain Wholesale Market was designated as Zhengzhou National Grain Trading Center by the State Grain Bureau.