Abstract:CMF (China Merchants Futures) is a wholly-owned subsidiary of China Merchants Securities, with a registered capital of 359,800,000 RMB, and is the first batch of approved Futures companies wholly owned by brokerage firms in China. CMF has the membership of five major futures exchanges, namely Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, China Financial Futures Exchange, and Shanghai International Energy Exchange, and can act as an agent for trading all futures varieties in the Chinese Futures market.
Basic Information & Regulation of CMF
CMF (China Merchants Futures) is a wholly-owned subsidiary of China Merchants Securities, with a registered capital of 359,800,000 RMB, and is the first batch of approved Futures companies wholly owned by brokerage firms in China. CMF has the membership of five major futures exchanges, namely Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, China Financial Futures Exchange, and Shanghai International Energy Exchange, and can act as an agent for trading all futures varieties in the Chinese Futures market.
Products & Services of CMF
The main business of China Merchants Futures is divided into brokerage business, institutional business, capital management business, and international business. Asset management business refers to the business activity of futures companies accepting written entrustment from a single customer or specific multiple customers, using the assets entrusted by the customers to make investments according to the regulations and contractual agreements, and receiving fees or remuneration according to the contractual agreements. The main products include the Boral Multi-Strategy 1 FOF Pooled Asset Management Plan and the Boral Multi-Strategy 2 FOF Pooled Asset Management Plan. The main products provided by the international business are crude oil futures, iron ore futures, PTA futures, all listed futures option varieties, and stock index futures.
Trading Software of CMF
China Merchants Futures provides customers with a domestic first-class level of quotation and trading software. Investors can choose the appropriate quotation and trading method according to their own situation. Before downloading and using online trading software, please make sure that the current environment meets the requirements of online trading (the computer or other electronic terminal equipment used for online trading is stable and not infected with Trojan horses, viruses, and other malicious programs, stable and smooth network environment).
These software include China Merchants Futures App (Android/IOS), China Merchants Bo Yi App, E-Star App Mobile Terminal, Flush Futures App (Android/IOS).
Deposit and Withdrawal of CMF
CMF supports traders to deposit and withdraw funds via Bank Future Transfer. The minimum deposit limit for each deposit (bank to bank transfer) is ¥1, and the maximum limit is set by bank regulations. The cumulative maximum daily withdrawal limit (Futures to Bank) is 3 million RMB, the maximum single transfer limit is 3 million RMB, and the maximum number of withdrawals per day is three times. Investors who are not using Bank Futures Transfers can transfer funds via online banking transfer and bank counter.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.