China Merchants Futures, a wholly owned subsidiary of CMS holds trading settlement membership in the four major futures markets including: Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange. All Futures in China Futures markets can be traded by China Merchants Futures. Currently, CMS IB business has fully operation in CMS headquarters and business outlets after obtaining Futures Intermediary Business qualification from CSRC. Investors can open an account directly in CMS business outlets for futures trading.