General Information
Changjiang Futures Co., Ltd. is a financial institution approved by the China Securities Regulatory Commission and is a holding subsidiary of Yangtze River Securities Co. In 2013, Changjiang Futures absorbed and merged another Futures Brokerage firm, and now it has five branches and 16 business offices nationwide. Yangtze River Futures currently holds a futures trading license from the China Financial Futures Exchange, regulatory number: 0116.
Regulation
ChangJiang Futures is a licensed futures trading institution in China, regulated by the China Financial Futures Exchange under license number 0116. While it holds a Futures License, the provided information does not specify its effective date, contact details, address, or certified documents. The license type mentioned is “No Sharing,” which suggests limitations on the transferability of the license. Despite the lack of certain details, ChangJiang Futures operates within the regulatory framework established by the Chinese government for futures trading.
Main Businesses
The main business scope of Changjiang Futures covers commodity futures brokerage, financial futures brokerage, futures investment consulting, futures asset management, fund sales, interbank bond market business, and stock options business.
Products
Shanghai Futures Exchange:
Daytime Trading Products: Various metal futures contracts (e.g., Copper, Aluminum, Zinc, Lead, Tin, Nickel), Agricultural futures (e.g., Soybean, Soybean Meal, Corn), Energy futures (e.g., Crude Oil, Fuel Oil), Precious Metals (Gold and Silver), etc.
Daytime Trading Hours: Morning session (09:00 - 10:15, 10:30 - 11:30), Afternoon session (13:30 - 15:00)
Evening Trading Products: Gold (AU), Silver (AG), Copper (CU), Aluminum (AL), Zinc (ZN), Lead (PB), Tin (SN), Nickel (NI), Stainless Steel (SS), Aluminum Oxide (AO)
Evening Trading Hours: Monday to Friday, 21:00 - Next Day 02:30 (for some products, 01:00)
Shanghai Energy Center:;
Daytime Trading Products: Crude Oil (SC), Natural Rubber (RU), Rebar Steel (RB), Hot Rolled Coil (HC), Bitumen (BU), Fuel Oil (FU), etc.
Daytime Trading Hours: Same as Shanghai Futures Exchange
Evening Trading Products: Same as Daytime
Evening Trading Hours: Monday to Friday, 21:00 - Next Day 23:00 (for most products)
Dalian Commodity Exchange:
Daytime Trading Products: Agricultural futures (e.g., Soybean Meal, Soybean Oil, Corn), Metals (Iron Ore, Steel), Energy (Crude Oil), etc.
Daytime Trading Hours: Morning session (09:00 - 10:15, 10:30 - 11:30), Afternoon session (13:30 - 15:00)
Evening Trading Products: Palm Oil (P), Coke (J), Soybean Meal (M), Soybean Oil (Y), etc.
Evening Trading Hours: Monday to Friday, 21:00 - 23:00
Zhengzhou Commodity Exchange:
Daytime Trading Products: Agricultural futures (e.g., Wheat, Rice, Cotton, Rapeseed Oil, Sugar), Chemical futures (e.g., Methanol, PVC), etc.
Daytime Trading Hours: Morning session (09:00 - 10:15, 10:30 - 11:30), Afternoon session (13:30 - 15:00)
Evening Trading Products: Sugar (SR), Cotton (CF), Rapeseed Meal (RM), Methanol (MA), etc.
Evening Trading Hours: Monday to Friday, 21:00 - 23:00
China Financial Futures Exchange:
Daytime Trading Products: Stock Index Futures (e.g., CSI 300 Index), Stock Index Options, Government Bond Futures, Treasury Bond Futures, etc.
Daytime Trading Hours: Morning session (09:25 - 09:30, 09:30 - 11:30), Afternoon session (13:00 - 15:00)
Evening Trading Products: Limited to specific options contracts with opening and closing auctions.
Evening Trading Hours: Opening auction (09:25 - 09:30), Closing auction (14:57 - 15:00)
Please note that the availability of specific contracts and trading hours may change, so it's crucial to refer to the official exchange websites or contact the exchanges directly for the most up-to-date information on trading products and hours.
Fees
China Financial Futures Exchange (CFFEX):
Transaction Fees: These are typically based on the transaction amount and may vary depending on the contract. For example, CSI 300 Index (IF) contracts have transaction fees of 0.92% of the transaction amount for both opening and closing positions.
Exercising and Performance Handling Fees: These fees can vary, but for some contracts like CSI 300 stock index options (IO), the fee is 60 yuan/lot for exercising.
Handling Fees for Opening and Closing Positions: These fees are also contract-specific. For example, CSI 300 stock index options (IO) have normal handling fees of 4 yuan/lot for opening and closing positions.
Normal Handling Fees: These are fees related to opening and closing positions and can vary by contract.
Shanghai Futures Exchange (SHFE):
Transaction Fees: These fees may be calculated as a percentage of the transaction amount or based on other criteria. For example, Aluminum (AL) contracts have a transaction fee of 12 yuan/lot.
Handling Fees: These fees can be based on the contract and are applied for various actions, such as opening and closing positions.
Shanghai Energy Center:
Transaction Fees: Similar to other exchanges, transaction fees are based on the contract and are typically a percentage of the transaction amount.
Handling Fees: These fees apply to actions like opening and closing positions.
Dalian Commodity Exchange (DCE):
Transaction Fees: These fees are usually calculated based on the transaction amount or other criteria. For example, Soybean No. 1 (A) contracts have transaction fees of 8 yuan/lot.
Handling Fees: Like other exchanges, DCE charges handling fees for actions like opening and closing positions.
Zhengzhou Commodity Exchange (ZCE):
Transaction Fees: These fees are contract-specific and can vary. For instance, Early Indica Rice (RI) contracts have a transaction fee of 10 yuan/lot.
Handling Fees: Similar to other exchanges, handling fees are charged for actions like opening and closing positions.
Guangzhou Futures Exchange:
Transaction Fees: These fees can be based on the transaction amount or other criteria, depending on the contract. For example, Lithium Carbonate (LC) contracts have a transaction fee of 3.2% of the transaction amount.
Handling Fees: Handling fees apply to various actions within contracts.
Please note that these fees are subject to change, and it's essential to check with the specific exchange and contract for the most up-to-date fee information. Additionally, some exchanges may have additional fees, such as delivery fees or investor protection fund fees, which are not included in this summary. Traders should review the exchange's fee schedule and consult with their brokers for precise fee details before trading.
Account Opening Issues
There are four ways to open an account with the company in total, via App, official website, mobile software, or its business departments.
Software Center
Mobile trading software provided by Changjiang Futures is an App called Xiaolong Money Management, which can perform face recognition, online business, features rapid market review, floating profit and loss stop function, and account diagnosis function. Computer trading software includes Wenhua Winshun wh6, Bo Yi Master, Jinshida Quick Shot, etc. Besides, there is also some simulation software offered.
Bank Futures Transfer
Changjiang Futures has cooperated with Bank of Communications, Agricultural Bank of China, Industrial and Commercial Bank of China, and other banks to open a bank futures transfer service. There is no limit on the amount or number of times you can deposit funds, and the cumulative limit for withdrawal is 1 million for individuals and 5 million for legal entities.
Deposit and Withdrawal
ChangJiang Futures offers various method for depositing and withdrawing funds for futures trading, primarily through bank transfers. This method is widely used by traders to ensure smooth transactions and access to their trading accounts. Below, we provide a detailed overview of the deposit and withdrawal processes for ChangJiang Futures:
Depositing Funds with ChangJiang Futures:
Broker Selection: The first step in depositing funds with ChangJiang Futures is to select ChangJiang Futures as your preferred futures brokerage. Once you have created an account with them, you will receive specific instructions and account details for depositing funds.
Bank Transfer Initiation: To fund your trading account with ChangJiang Futures, you need to initiate a bank transfer from your personal bank account. This can be done through various channels, including online banking, mobile banking apps, or by visiting your local bank branch.
Provide Account Details: During the bank transfer process, you will be required to provide specific details, including:
ChangJiang Futures' Bank Account Information: This includes the account number, bank name, and the branch where ChangJiang Futures' account is held.
Your Trading Account Information: You will need to specify your unique trading account number or any reference code provided by ChangJiang Futures.
Desired Deposit Amount: You should indicate the amount you wish to deposit into your trading account.
Transaction Verification: It is essential to maintain records of the transaction, such as a transaction reference number or a receipt. Ensuring the accuracy of the provided information is crucial to ensure that the funds are correctly credited to your ChangJiang Futures trading account.
Processing Time: The processing time for bank transfers can vary depending on the banks involved and their policies. Typically, it may take anywhere from a few hours to several business days for the funds to be credited to your ChangJiang Futures trading account.
Withdrawing Funds from ChangJiang Futures Trading Account:
Withdrawal Request: To initiate a withdrawal from your ChangJiang Futures trading account, log in to the brokerage's trading platform. Then, submit a withdrawal request specifying the amount you intend to withdraw and indicate the bank account where you want the funds to be transferred.
Verification: For security and regulatory compliance, ChangJiang Futures may require identity verification and confirmation of your withdrawal request. You may need to provide documents and validate the details of the bank account where the funds will be transferred.
Processing Time: Once ChangJiang Futures verifies and approves your withdrawal request, the funds will be processed for transfer. The duration it takes for the funds to reach your bank account may vary, depending on factors such as the brokerage's processing time and the policies of your bank.
Confirmation: After the bank transfer is completed, you should receive confirmation notifications from both ChangJiang Futures and your bank. It is advisable to review your bank statement to ensure that the withdrawn funds have been successfully credited to your account.
Please note that fees associated with deposits and withdrawals via bank transfer may apply, and these fees can vary depending on the brokerage and the banks involved. Additionally, traders should comply with all relevant regulatory requirements and adhere to ChangJiang Futures' guidelines for depositing and withdrawing funds for futures trading.
Customer support
ChangJiang Futures provides comprehensive customer support services to assist traders with their futures trading needs. They offer a dedicated customer service hotline at 027-85861133, ensuring traders can reach out for assistance or address any concerns promptly. Additionally, the availability of a customer service WeChat account, with the handle “meiyy988,” provides an additional channel for inquiries and support. ChangJiang Futures also values customer feedback and encourages clients to share their suggestions and opinions, recognizing that such input is essential for continuous improvement. With a commitment to client satisfaction and accessible communication channels, ChangJiang Futures strives to be a reliable partner for futures traders.
Summary
ChangJiang Futures is a licensed futures trading institution in China, regulated by the China Financial Futures Exchange. While specific contact details and effective dates are not provided, the institution operates within China's regulatory framework for futures trading. They offer an array of trading products from various Chinese exchanges, including the Shanghai Futures Exchange, Dalian Commodity Exchange, and Zhengzhou Commodity Exchange. Traders can access commodities like metals, agricultural products, energy, and more during both daytime and evening trading hours. ChangJiang Futures also outlines fee structures for different exchanges, and traders can conveniently deposit and withdraw funds through bank transfers. The institution emphasizes customer support, providing a hotline and WeChat account for assistance, while also valuing client feedback. Overall, ChangJiang Futures aims to be a trusted partner for futures traders in China
FAQs
Q: What does Changjiang Futures have on offer？
A: Changjiang Futures provides commodity futures brokerage, financial futures brokerage, futures investment consulting, futures asset management, funds sales, interbank bond market business, and stock options business.
Q: Does Changjiang Futures provide traders with educational resources？
A: Yes, training course, educational videos, education center, e-course, events, live webinars are provided by Changjiang Futures.
Q : How can I deposit funds into my ChangJiang Futures trading account？
A : To deposit funds, select ChangJiang Futures as your brokerage, initiate a bank transfer from your personal account, provide account details, and maintain transaction records for accuracy.
Q : What types of trading products are available through ChangJiang Futures？
A : ChangJiang Futures offers a range of commodities, including metals, agricultural products, energy, and more, from various Chinese exchanges.
Q : How long does it take for a bank transfer deposit to reflect in my trading account？
A: The processing time for bank transfers varies, typically taking from a few hours to several business days, depending on banks and policies involved.
Q : What is the customer support hotline for ChangJiang Futures？
A : You can reach ChangJiang Futures' customer service at 027-85861133, or through their WeChat account with the handle “meiyy988.”
Q : Are there fees associated with depositing and withdrawing funds from my trading account？
A5: Yes, fees may apply, and they can vary depending on the brokerage and banks involved. Traders should review the specific fee details provided by ChangJiang Futures and their banks.
