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Ningbo Shanli Futures was Renamed Industrial Futures Formally

On September 28, Ningbo Shanli Futures Broking Co., Ltd. held the unveiling ceremony for renaming, officially changed its name into “China Industrial Futures Limited” (hereinafter referred to as “Industrial Futures”). This change of name is an important milestone for the development of Industrial Bank (IB)’s futures and it also marks a new stride that IB has taken toward the group-based and integrated business operation.

Previously, with the approval of Ningbo Regulatory Bureau of China Securities Regulatory Commission (CSRC), Industrial Trust became a shareholder of Shanli Futures in March 2014. On July 28, with the approval of State Administration for Industry & Commerce, Ningbo Shanli Futures Broking Co., Ltd. changed its name into China Industrial Futures Limited. On September 16, CSRC issued the “Futures Business Permit” to Industrial Futures after the change of name.

Ningbo, Zhejiang with the State Administration for Industry & Commerce of the People’s Republic of China. As a large professional futures company obtaining the futures business license issued by the CSRC, Shanli Futures is a member of Shanghai Futures Exchange, Dalian Commodity Exchange, and Zhengzhou Commodity Exchange and a trading member of China Financial Futures Exchange, with the business qualifications of commodity futures brokerage, financial futures brokerage, and futures investment consulting. It has established seven business outlets across China. Since its establishment, Industrial Futures has adhered to standardized operation, sturdy management and excellent service, winning full recognition and unanimous praises from regulatory authorities and investors and boasting a good market reputation. In the recent regulation rating for futures companies published recently, the regulation rating of Industrial Futures was elevated from B to BB in great amplitude.

As indicated by the person-in-charge of Industrial Futures, after the change of name, the company will grasp the invaluable opportunities of innovation-propelled development in the industry and exert itself to build its own distinctive businesses depending on its advantages in shareholder background and business superiority. It will, by integrating its advantages in the areas including R&D, management, market and technology, develop innovative financial businesses in both exchange-traded and over-the-counter derivatives in an all-round manner and build itself into a comprehensive supplier of derivative services.  In the meantime, it will, fully depending on its advantageous shareholder resources and group-based business superiority of Industrial Trust and IB, reinforce the supporting role of rich resources within the group, such as customers, channels and funds, to the futures business, improve business capacity and service level in an all-sided manner, and better meet the wealth management and risk management needs of customers, so as to push the company to achieve the frog-leap business development.