EAF

Overview

East Asia Futures(EAF) is a professional futures company approved by the China Securities Regulatory Commission and registered with the State Administration for Industry and Commerce. It was established in 1993 and is headquartered in Shanghai, with a registered capital of 140 million RMB. The company's business scope includes commodity futures brokerage, financial futures brokerage, futures investment consulting, and asset management. It is a member of the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Guangzhou Futures Exchange, China Financial Futures Exchange, and Shanghai International Energy Exchange.

As one of the early-established futures companies in China, East Asia Futures has witnessed the vibrant development of the domestic futures market and has accumulated extensive trading and operational experience. Currently, the company has branch offices in eight cities, including Dalian, Nanjing, Chengdu, Chongqing, and Haikou, gradually forming a business network covering North China, East China, Central China, and South China. It has gathered a group of futures market professionals who adhere to the principles of “professionalism, dedication, and integrity.”

Over the years, East Asia Futures' investment consulting team has provided investors with insights into changing market conditions, industry trends, and has successfully assisted upstream, midstream, and downstream enterprises, as well as other institutions, in futures investment and hedging activities, achieving favorable results. In terms of investor education, the company discourages blind trading and offers meticulous services in trading, delivery, settlement, and pledge to individual investors.

Amid the current wave of digital transformation in the industry, East Asia Futures, while maintaining its traditional business, has formed a composite research team that combines “finance” and “digitalization.” It closely monitors global commodity and financial market dynamics, tracks global economic development trends, and has established a systematic research database. The company produces a vast number of market analysis reports and designs practical investment and trading strategies. It has also established partnerships with renowned domestic universities and financial institutions, creating an integrated platform for futures market exchange between industry, academia, and research. This approach promotes innovation and enhances research and analysis capabilities, providing investors with comprehensive, objective, and professional consulting services to help them navigate risks and seize opportunities in the futures market.

Regulation

EAF (East Asia Futures) is regulated by the China Financial Futures Exchange (CFFEX) and holds a futures license from this regulatory authority. This license underscores EAF's compliance with the regulations and standards set forth by CFFEX, affirming its legitimacy and authorization to operate in the financial futures market in China. Being regulated by CFFEX ensures that EAF adheres to the necessary rules and protocols, contributing to the overall integrity and transparency of its futures trading activities. This regulatory oversight provides confidence to investors and market participants, highlighting EAF's commitment to maintaining the highest standards of professionalism and ethics in its operations within the financial futures industry.

Pros and Cons

East Asia Futures (EAF) offers several advantages, including its established reputation in the Chinese futures market, diverse services, educational resources, regulatory oversight, and transparent fee structure. However, there are some potential drawbacks, such as limited geographical reach, language barriers for non-Chinese speakers, a complex account opening process, limited international accessibility, and a focus on specific exchanges. Clients should consider these factors when evaluating EAF's suitability for their investment needs.

Special Services

EAF (East Asia Futures) offers a range of special services to its clients, including asset management, risk management consulting, research and analysis, trading consulting, and dedicated service hotlines. Here's an overview of these services:

Asset Management:

EAF's Asset Management Department is qualified to provide “one-on-one” and “one-to-many” asset management services. They offer three main product categories: fixed-income products, commodity and financial derivatives products, and FOF (Fund of Funds) products.

The company specializes in identifying and capitalizing on imbalances and mismatches in financial asset prices using fundamental principles of macroeconomics. They assess the current valuations and expected future trends of various asset classes. EAF employs a strategy that involves investing in stocks, bonds, commodities, and other assets across the entire market to achieve risk-adjusted absolute returns. By allocating assets with low correlations and using various investment tools, they aim to reduce portfolio volatility, diversify risks, and hedge against long-term economic fluctuations.

Asset Management Service Process:

1. Client Consultation: Clients can contact EAF's Asset Management Department through various channels to discuss their asset status and risk preferences.

2. Client Assessment: Based on the information provided by the client, including relevant documents and proof of qualification, a qualified investor assessment and suitability risk rating assessment are conducted.

3. Contract Signing: EAF and the client enter into an asset management contract, defining the rights, obligations, and key matters during the contract period.

4. Investment Operation: Once the asset management plan is established, EAF, as the asset manager, carries out investment, trading, accounting, reporting, and other operational activities as per the contract.

5. Client Feedback: EAF regularly provides investment reports and feedback to clients, reflecting market conditions and investment outcomes, always with the client's interests in mind.

Trading Consultation:

EAF provides various trading consultation services to clients, including:

• Risk Management Advisory: Assisting clients in establishing risk management systems and procedures, offering risk management consulting, and providing specialized training.

• Research and Analysis: Collecting and organizing information related to the futures market and various economic data, conducting research and analysis of the futures market and related spot markets, and producing research and analysis reports or information services.

• Trading Consulting: Designing investment strategies for clients, such as hedging and arbitrage, and formulating futures trading strategies.

• Service Hotlines: EAF offers dedicated service phone lines for inquiries and complaints, ensuring clients can easily reach out for assistance.

These services reflect EAF's commitment to providing comprehensive support and expertise to its clients in the fields of asset management, risk management, and trading consultation in the dynamic futures market.

How to open an account？

To open an account with EAF (East Asia Futures), you can follow the steps outlined below:

Before You Begin:

1. You must be at least 18 years old, legally capable of civil action, and meet the eligibility criteria for futures market participation as a natural person.

2. You'll need a valid second-generation resident identity card (ID card) as proof of your identity. Temporary resident ID cards are not supported.

3. You'll need a personal bank debit card from one of the supported banks: Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China, Bank of China, Bank of Communications, Industrial Bank, China Minsheng Bank, China Merchants Bank, China Everbright Bank, China CITIC Bank, Ping An Bank, or Shanghai Pudong Development Bank.

4. You should have a smartphone with the following requirements:

1. For iOS: iOS 7.1 or above.

2. For Android: Android 4.0 or above.

5. Ensure you have a well-lit environment for taking clear photos and recording videos during the application process.

Installation of the Account Opening App:

1. Download the EAF account opening app, either “East Asia Futures” or “East Asia Wealth”, from your smartphone's app store.

2. Alternatively, you can scan the QR codes provided in the app installation instructions to download the app.

Starting the Account Opening Process:

1. Open the downloaded “East Asia Futures” or “East Asia Wealth” app.

2. Click on the “Online Account Opening” option in the top menu.

3. Follow the on-screen prompts to select the type of account you want to open, enter your ID card information, and register using your mobile phone number.

4. Upload a clear photo of your ID card, read and agree to the Personal Digital Certificate Application Responsibility Statement), and click “Next”.

5. Provide additional basic personal information as required. Some information may be auto-filled based on your uploaded ID card data.

6. Enter your bank card information by uploading a photo of your bank card. The system will automatically recognize the bank card details (you can manually correct any errors). Click “Next”.

7. Choose your investor classification (e.g.general investors). Complete the risk assessment questionnaire if prompted.

8. Select the exchanges you wish to apply for (e.g., Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Guangzhou Futures Exchange).

9. Read and agree to all the provided agreements. Check the box indicating your agreement, then click “Next”.

10. Start the video verification process. Ensure you have your ID card ready for verification.

11. Set a password for your digital certificate. Read and sign all agreements, confirming your consent. Click “Confirm”.

12. Fill out any follow-up questionnaires as needed and submit your application.

Completing the Account Opening:

1. You'll receive an SMS with your account number and password upon successful account opening. The account and password for futures trading will be sent on the next trading day.

2. You can download the trading software you prefer from the company's official website: www.eafutures.com.

3. To fund your account, log in to mobile banking, online banking, or visit your bank's counter to complete the futures-bank agreement.

You are now ready to start your trading journey with EAF. Please note that the process outlined here is based on the information provided and may be subject to updates or changes by EAF. It's advisable to check the company's official website or contact their customer support for the most current account opening procedures.

Fees Structure

The fee structure for different futures contracts traded on various Chinese futures exchanges is outlined as follows:

Shanghai Futures Exchange (SHFE):

• Copper Futures: 20 RMB per contract

• Aluminum Futures: 12 RMB per contract

• Zinc Futures: 12 RMB per contract

• Lead Futures: 1.6‰ (per mil) of the transaction value

• Nickel Futures: 12 RMB per contract

• Tin Futures: 12 RMB per contract

• Gold Futures: 40 RMB per contract

• Silver Futures: 2‰ (per mil) of the transaction value

• Steel Rebar Futures: 4‰ (per mil) of the transaction value

• Rubber Futures: 12 RMB per contract

• Crude Oil Futures: 2‰ (per mil) of the transaction value

• Natural Rubber Futures: 12 RMB per contract

• Aluminum Oxide Futures: 4‰ (per mil) of the transaction value

• Pulp Futures: 2‰ (per mil) of the transaction value

Dalian Commodity Exchange (DCE):

• Soybean Futures: 8 RMB per contract

• Corn Futures: 4 RMB per contract

• Iron Ore Futures: 4‰ (per mil) of the transaction value

• Soybean Meal Futures: 6 RMB per contract

• Palm Oil Futures: 10 RMB per contract

• Egg Futures: 6‰ (per mil) of the transaction value

• LPG (Liquefied Petroleum Gas) Futures: 24 RMB per contract

• Methanol Futures: 4‰ (per mil) of the transaction value

• RBD Palm Olein Futures: 8 RMB per contract

Zhengzhou Commodity Exchange (CZCE):

• Apple Futures: 20 RMB per contract

• Cotton Futures: 17.2 RMB per contract

• Rapeseed Meal Futures: 12 RMB per contract

• Early Indica Rice Futures: 10 RMB per contract

• Methanol Futures: 4‰ (per mil) of the transaction value

• PTA (Purified Terephthalic Acid) Futures: 12 RMB per contract

• Urea Futures: 4‰ (per mil) of the transaction value

China Financial Futures Exchange (CFFEX):

• Stock Index Futures (e.g., CSI 300, CSI 500, CSI 1000): 0.92‰ (per mil) of the transaction value

• Stock Index Options (e.g., SSE 50 Index Options): 60 RMB per contract

• Government Bond Futures (various maturities): 12 RMB per contract

Guangzhou Futures Exchange (GFEX):

• Industrial Silicon Futures: 4‰ (per mil) of the transaction value

• Lithium Carbonate Futures: 12.8‰ (per mil) of the transaction value

Please note that these fee structures may vary over time and should be verified with the respective exchanges or your brokerage for the most up-to-date information. Additionally, some contracts may have specific fees for exercising and settling options.

Deposit & Withdrawal

1. Supported Banks: East Asia Futures supports signing up for the bank-futures transfer service with 12 major banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), China Construction Bank (CCB), Bank of China (BOC), Industrial Bank (CIB), China Merchants Bank (CMB), Shanghai Pudong Development Bank (SPDB), China Minsheng Bank (CMBC), Industrial and Commercial Bank (ICBC), China Citic Bank (CNCB), Ping An Bank, and more.

2. Operating Hours: The hours for signing up for the bank-futures transfer service are typically from 8:30 AM to 4:00 PM on trading days. For some banks, including ICBC and CCB, signing up can also be done from 8:30 PM to 2:30 AM (overnight) during night trading sessions.

3. Number of Bank Cards: New accounts without any trading history can sign up with one bank card. Normal clients with trading activities can link a maximum of two bank cards to their futures trading account. It's important to note that you can only link one bank card from the same bank.

4. Transfer Timing:

1. Deposit Timing: Deposits into your futures trading account can be made between 8:30 AM and 4:00 PM on trading days, as well as from 8:30 PM to 2:30 AM during night trading sessions.

2. Withdrawal Timing: Withdrawals from your futures trading account can be made between 9:00 AM and 4:00 PM on trading days.

5. Withdrawal Limits: When you have no trading activity or open positions on a trading day, you can withdraw the entire account balance. However, a minimum of 10 RMB is retained in your account for any potential day-end settlement differences. You can make up to five withdrawals per day. If you wish to withdraw an amount exceeding 3 million RMB in total, you may need to apply for special permissions, and large withdrawals might require prior arrangements.

Please keep in mind that specific procedures and requirements may vary depending on the bank and brokerage, so it's essential to follow the instructions provided by East Asia Futures and ensure that you adhere to their guidelines when depositing and withdrawing funds from your futures trading account.

Customer Support

EAF (East Asia Futures) appears to have a customer support system in place to assist its clients with their inquiries and concerns. Here is a breakdown of their customer support contact information:

Phone:

• General Inquiry: 400-600-7299

• Emergency Order Placement: 021-55275071, 021-55275072

Address:

• EAF's physical address is in Shanghai, China, at 1089 Dong Da Ming Road, Hongkou District, 26th Floor, Units 2601-2608.

Complaint Handling:

• Email for Complaints: tousu@dyqh.cn

• Complaint Handling Phone: 021-55275065 (Available Monday to Friday from 9:00 AM to 5:00 PM)

This contact information suggests that EAF is committed to providing support to its clients through various channels, including phone and email. Clients can reach out for general inquiries, emergency order placement, or to address any complaints they may have. The availability of an emergency order placement number indicates that they take prompt action in critical situations. Additionally, the complaint handling process is well-defined, ensuring that clients have a means to voice their concerns and seek resolutions.

Educational Resources

EAF provides valuable educational resources and support through its webpage, which can be accessed at https://www.eafutures.com/tjhd.html for educational purposes. By clicking on the provided link or copying and pasting it into your web browser's address bar, you can explore a wealth of information and materials tailored to enhance your educational journey. It's essential to evaluate the credibility and relevance of the content you encounter, especially when conducting research or seeking learning materials. To ensure a smooth browsing experience, make sure your internet connection is stable. If the page offers downloadable materials or interactive content, verify that your device is compatible and equipped with the necessary software for effective engagement with these valuable resources.

Summary

East Asia Futures (EAF) is a well-established futures company in China, approved by the China Securities Regulatory Commission and registered with the State Administration for Industry and Commerce since 1993. Headquartered in Shanghai with a registered capital of 140 million RMB, EAF offers a wide range of services, including commodity and financial futures brokerage, investment consulting, and asset management. As a member of several key Chinese futures exchanges, EAF has a strong presence and a network of branch offices across multiple cities. The company prioritizes professionalism, dedication, and integrity, aiming to provide investors with valuable insights, educational resources, and comprehensive services. Regulated by the China Financial Futures Exchange (CFFEX), EAF ensures compliance with industry standards, fostering transparency and trust. It offers asset management, risk management consulting, research and analysis, trading consultation, and dedicated service hotlines to cater to its clients' needs. The account opening process is detailed, requiring valid identification and bank details, and the company provides a clear fee structure for various futures contracts. EAF also facilitates easy deposit and withdrawal processes with major banks. For customer support, the company offers phone and email contacts, as well as a complaint handling system. Additionally, EAF provides educational resources accessible through its webpage, designed to enhance users' understanding of the futures market. Users are encouraged to assess the credibility and relevance of the content and ensure a stable internet connection for the best experience.

FAQs

Q1: What is East Asia Futures (EAF)？

A1: EAF is a professional futures company in China, approved by the China Securities Regulatory Commission, offering a range of financial services, including futures brokerage, investment consulting, and asset management.

Q2: How can I open an account with EAF？

A2: To open an account with EAF, you need to download their account opening app, provide valid identification and bank details, complete a risk assessment questionnaire, and go through a video verification process. Detailed instructions can be found on their website.

Q3: What is the fee structure for trading futures contracts with EAF？

A3: The fees vary depending on the specific futures contracts and exchanges. You can find the detailed fee structure for different contracts on EAF's official website.

Q4: How can I contact EAF's customer support？

A4: You can reach EAF's customer support through the following channels: General Inquiry (phone), Emergency Order Placement (phone), and Complaints (email and phone). Their contact details are available on their website.

Q5: Does EAF provide educational resources for investors？

A5: Yes, EAF offers educational resources on their website, including insights into market conditions and industry trends. Users are encouraged to evaluate the credibility of the content and ensure a stable internet connection for accessing these resources.