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3 理事长致辞 Address from Chairman 02 组织架构 Organizational Structure and Personnel in Charge 市场发展 Market Development 市场监管 Market Surveillance 市场服务 Market Service 市场创新 Market Innovation 市场宣传 Publicity 合作交流 Cooperation and Intercommunication 大事记 Events 统计资料 Statistics 会员单位 Member Firms 48

4 度报告02 贰零 理事长致辞 Address from Chairman 壹贰. 年2012 年, 是郑州商品交易所在国家 十二五 时期谋求加快创新发展的第一年 在中国证监会正确领导下, 郑商所紧紧围绕服务实体经济开展工作, 坚持 稳中求进, 在丰富上市品种 加强一线监管 完善规则制度 巩固技术支撑等方面均取得了积极成效, 市场运行质量提升, 服务实体经济能力增强 回顾过去一年, 创新成为市场发展最大驱动力 在风险可测可控可承受前提下, 着力研发实体经济发展需要的品种, 连续推出玻璃 菜籽 菜粕 3 个期货新品种 ; 在坚守不发生系统性风险底线前提下, 着力完善业务制度规则, 不断健全服务实体经济的机制和模式 ; 在确保安全组织期货交易前提下, 着力优化技术系统性能, 强化同城灾备和积极推进异地灾备系统建设 2013 年是全面贯彻十八大精神的开局之年 在新的一年里, 郑商所将以十八大精神为指导, 贯彻落实全国证券期货监管工作会议工作部署, 认真做事 实干兴所 大力推进农产品 化工 能源等领域新产品上市 ; 发布农产品商品期货价格指数, 积极研发期权等新交易方式 ; 继续改进和加强市场一线监管与服务, 持续深化上市品种功能 ; 探索场内和场外市场结合有效方式, 为实体经济提供多层次市场服务 ; 研究境外实体企业参与境内市场有效路径, 逐步推动开放型市场建设 ; 依托 三会一层 治理结构, 充分激发创新发展活力和动力, 努力在更广领域 更大范围和更高层次上为国民经济发展提供服务 党的十八大对我国改革开放和社会主义现代化建设作出了全面部署, 也为期货市场指明了发展方向 为更好服务于国民经济发展需要, 在未来 3-5 年, 郑商所将努力实现 四个转变 : 即从以农产品期货为主向综合性品种体系转变 ; 从单一商品期货向既有期货又有期权等新交易工具转变 ; 从封闭型市场向开放型市场转变 ; 从现行交易所体制向与当今期货市场发展趋势相适应的新型交易所体制转变 理事长

5 w w w. c z c e. c o m. c n 2012 was the first year that Zhenzhou Commodity Exchange has been seeking for accelerated innovation and development during the State's "Twelfth Five-Year Plan". Leading by CSRC, ZCE has carried out its work in close conjunction with the principle of "Serving the Real Economy". Holding the guideline of "Making Progress while Ensuring Stability", ZCE has achieved positive result on enriching listed products, enhancing firstline regulation, completing rules and systems, consolidating IT support, etc.. Thus, the quality of market operation was improved and the capability of "Serving the Real Economy" was strengthened. Looking back at the past year, innovation has become the strongest driving force. On the premise that risks were predictable, steerable and endurable, ZCE has endeavored to research and develop products matching the needs of real economy, hence has launched flat glass, rape seed and rape seed meal futures. On the premise of holding fast to the bottom line that no systematic risk would occur, ZCE has endeavored to perfect the trading rules and system, hence has completed its mechanism and mode of "Serving the Real Economy" continuously. On the premise of ensuring secure futures trading, ZCE has endeavored to optimize the performance of IT system, hence has intensified and promoted the construction of local and remote Off-Site Disaster Backup Systems. The year of 2013 marks the start to fully implement the spirit of the 18th National Congress of CPC. In the new year, under the guidance of the spirit of the 18th National Congress of CPC, ZCE will implement the work deployment of the National Securities and Futures Regulatory Working Conference, work hard and seriously to invigorate the exchange. ZCE will promote the listing of new products covering agriculture, chemical industry, energy, etc., will issue agricultural commodity futures prices index and research on options; will improve and enhance the first-line regulation and service and deepen the function of listed products; will study the efficient method of combining transaction on exchange and OTC market to build a multi-layer market service for real economy; will research the effective path of foreign entity enterprises participating in local market to promote the establishment of an open market; relying on the governance structure of "association of general assembly, board of directors, board of supervisors and executive management team", ZCE will thoroughly stimulate the vitality and motivation of innovation to deliver better service for national economy in more fields to broader extent and on higher level. The 18th National Congress of CPC has made a comprehensive deployment on reform & openingup and socialist construction of modernization, which has provided direction for futures market as well. In order to satisfy the need of national economy much better, ZCE will put its effort on carrying out "four turns" in the coming 3-5 years, including: turn of product port folio from agricultural futures to multilayer products system; turn of trading tool from simple commodity futures to a new one with both futures and option; turn of market from closed to open; turn of organizational system from current one to the one that adapts to the development trend of the futures market Annual Report 03

6 报告04 贰零 组织架构 Organizational Structure and Personnel in Charge 壹贰. 年度理事会 [ 按姓氏笔画排序 ] 理事长 : 张凡非会员理事 : 郭晓利 / 邢汴光 / 傅新民 / 廖英敏 / 樊志刚会员理事 : 边成峰 / 汤益民 / 吴元贞 / 张岩 / 张培源 / 罗旭峰 / 周勇 / 赵广钰 / 栗明 领导班子 党委书记 理事长 : 张凡党委副书记 副总经理 : 郭晓利党委副书记 监事会筹备组负责人 : 张邦辉党委委员 纪委书记 : 杨淑琴党委委员 副总经理 : 梅宏斌巫克力张静总经理助理 : 李予涛 部门负责人 办公室 : 张雷党委办公室 纪检监察室 : 谭公赞理事会办公室 : 王成周品种发展部 : 魏振祥市场部 : 王晓明 ( 兼 ) 交割部 : 冷冰结算部 : 赵文广市场监察一部 : 喻选锋市场监察二部 : 白利民新闻信息部 : 王晓明 法律事务部 : 袁涛技术规划与开发部 : 于三禄系统运行部 : 雷晓全财务部 : 王亚梅人力资源部 : 于向阳审计室 : 袁涛 ( 兼 ) 行政部 : 祁国联期权推进组 : 左宏亮期货及衍生品研究所 : 汪琛德

7 w w w. c z c e. c o m. c n Board of Directors [ranked by strokes of family names] Chairman of the Board: ZHANG Fan Non-member Directors: GUO Xiaoli, XING Bianguang, FU Xinmin, LIAO Yingmin, FAN Zhigang Member Directors: BIAN Chengfeng, TANG Yimin, WU Yuanzhen, ZHANG Yan, ZHANG Peiyuan, LUO Xufeng, ZHOU Yong, ZHAO Guangyu, LI Ming Management Team Secretary of Party Committee & Chairman: ZHANG Fan Deputy Secretary of Party Committee & Vice President: GUO Xiaoli Deputy Secretary of Party Committee & Head of Board of Supervisors Preparatory Group: ZHANG Banghui Member of Party Committee, Secretary of Discipline Inspection Committee: YANG Shuqin Member of Party Committee, Vice Presidents: MEI Hongbin, WU Keli, ZHANG Jing Assistant President: LI Yutao Directors of Departments General Office: ZHANG Lei Party Committee Office, Commission for Discipline Inspection Office: TAN Gongzan General Office for Board of Directors: WANG Chengzhou Product Development Department: WEI Zhenxiang Marketing Department: WANG Xiaoming (concurrently) Delivery Department: LENG Bing Clearing Department: ZHAO Wenguang Market Surveillance Department I: YU Xuanfeng Market Surveillance Department II: BAI Limin Media Relations and Information Department: WANG Xiaoming Legal Affairs Department: YUAN Tao IT Planning & Development Department: YU Sanlu System Operation & Maintenance Department: LEI Xiaoquan Accounting Department: WANG Yamei HR Department: YU Xiangyang Internal Auditing Office: YUAN Tao (concurrently) Administration Department: QI Guolian Working Group on Options: ZUO Hongliang Institute of Futures and Derivatives: WANG Chende 2012 Annual Report 05

8 度报告06 贰零 市场发展 Market Development 壹贰. 年2012 年, 郑商所以服务 三农 服务实体经济为目标, 紧紧围绕服务创新和完善机制两大主线, 做精做细已上市品种, 全面提高服务实体经济质量和水平 全年共成交期货合约 万手, 成交金额 亿元, 较上年分别减少 14.61% 和 48.04%, 分别占全国期货市场的 23.93% 和 10.15% In 2012, aiming "to serve Agriculture, Rural areas and Farmers Issues and Real Economy", holding on the key lines of "Innovation on Services and Improvement on Mechanism", ZCE has refined the listed products to improve the quality and standard of serving the real economy. Total trading volume and turnover for the year were m contracts and 17, bn Yuan, with year-onyear growth rates of % and % and market share on China's futures market of 23.93% and 10.15% respectively.

9 w w w. c z c e. c o m. c n 2006 年以来郑商所成交量 成交金额对比图 Futures Trading Volume and Turnover Since 2006 成交量 ( 万手 ) Trading Volume(10,000 lots) 成交金额 ( 亿元 ) Turnover(100 million yuan) 334, , ,637 4,630 15,905 9,305 29,595 22,256 77,800 22,707 95,543 49,583 40,639 34, 说明 : 成交量 成交金额按单边统计 Note: Volume and turnover were in terms of unilateral calculation 2012 Annual Report 07

10 报告08 贰零 市场发展 Market Development 壹贰. 年度< 小麦期货 > 2012 年小麦期货市场运行平稳, 市场功能发挥良好 优质强筋小麦期货共成交合约 万手, 成交金额 亿元 ; 硬白小麦期货成交合约 万手, 成交金额 亿元 ; 普通小麦期货成交合约 0.63 万手, 成交金额 7.12 亿元 小麦期货市场流动性增加, 市场持仓量及仓单注册量创下历史新高, 产业客户参与数量不断增加, 市场功能进一步发挥 < Wheat Futures > In 2012, the wheat futures market developed smoothly,market functions were well exercised. Annual total trading volume and turnover of Strong Gluten Wheat futures reached m contracts and bn Yuan. Annual total trading volume and turnover of Hard White Winter Wheat futures reached contracts and 2.177bn Yuan. Annual total trading volume and turnover of Common Wheat futures reached 6300 contracts and 0.712bn Yuan. Volatility of wheat futures has increased, while the open interests and registered warrants have hit record high, with increasing market participation of industrial customers. The market functions were further exercised.

11 w w w. c z c e. c o m. c n 郑商所优质强筋小麦期货价格与国内外小麦期现价格走势对比图 The Wheat Futures Prices of ZCE and CBOT vs the Cash Prices of CZGWM(2003.3~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 单位 (Unit): 美分 / 蒲式耳 ($ Cent/Bushel) 郑商所近交割月强麦期货价格 (Nearby price of ZCE WS futures) 芝加哥商业交易所近交割月小麦期货价格 (Nearby price of CME Wheat futures) 中国郑州粮食批发市场小麦现货价格 (Spot price at Zhengzhou Grain Wholesale Market) 2,500 2,250 2,000 1,750 1,500 1,250 1,000 1,200 1, /03/28 03/06/28 03/09/28 03/12/28 04/03/28 04/06/28 04/09/28 04/12/28 05/03/28 05/06/28 05/09/28 05/12/28 06/03/28 06/06/28 06/09/28 06/12/28 07/03/28 07/06/28 07/09/28 07/12/28 08/03/28 08/06/28 08/09/28 08/12/28 09/03/28 09/06/28 09/09/28 09/12/28 10/03/28 10/06/28 10/09/28 10/12/28 11/03/28 11/06/28 11/09/28 11/12/28 12/03/28 12/06/ 年郑商所优质强筋小麦期货价格与国内外小麦期现价格走势对比图 The Wheat Futures Prices of ZCE and CBOT vs the Cash Prices of CZGWM( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 单位 (Unit): 美分 / 蒲式耳 ($ Cent/Bushel) 郑商所近交割月强麦期货价格 (Nearby price of ZCE WS futures) 芝加哥商业交易所近交割月小麦期货价格 (Nearby price of CME Wheat futures) 中国郑州粮食批发市场小麦现货价格 (Spot price at Zhengzhou Grain Wholesale Market) 2,600 1,100 2,500 1,000 2, , ,200 2,100 2,000 12/01/03 12/01/12 12/01/23 12/02/01 12/02/10 12/02/21 12/03/01 12/03/12 12/03/21 12/03/30 12/04/10 12/04/19 12/04/30 12/05/09 12/05/18 12/05/29 12/06/07 12/06/18 12/06/27 12/07/06 12/07/17 12/07/26 12/08/06 12/08/15 12/08/24 12/09/04 12/09/13 12/09/24 12/10/03 12/10/12 12/10/23 12/11/01 12/11/12 12/11/21 12/11/30 12/12/11 12/12/20 12/12/ Annual Report 09

12 报告10 贰零 市场发展 Market Development 壹贰. 年度< 棉花期货 > 2012 年棉花期货共成交合约 万手, 成交金额 亿元 棉花期货参与企业数量进一步增多, 实体企业利用市场程度更加广泛 棉花期货为涉棉企业套期保值 管理经营风险提供了有效的金融工具 产业链企业套期保值模式日益丰富, 棉花期货在服务 三农, 促进农业产业化方面发挥了积极作用 < Cotton Futures > In 2012, the total trading volume of ZCE cotton futures was m contracts with a turnover of 2, bn Yuan. Cotton futures market was well running, with participation of firms increased and corporate entities took futures market as a tool more widely. Hence provided an effective financial instrument for cotton-dealing firms on hedging and risk management. The hedging methods for enterprises within cotton related industrial-chain were well enriched. In addition, cotton futures also played an active role in serving the "Agriculture, Rural areas and Farmers Issues" and promoting the healthy development of cotton industry.

13 w w w. c z c e. c o m. c n 郑商所棉花期货价格与国内外棉花期现价格走势对比图 ZCE Cotton Futures Prices vs ICE Futures & CC index (328)( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所棉花期货近交割月价格 (Nearby prices of ZCE cotton futures) 中国棉花价格指数 328(Chinese cotton index 328) 单位 (Unit): 美分 / 磅 ($ Cent/Pound) 洲际交易所棉花期货近交割月价格 (Nearby prices of ICE cotton futures) 35,000 30,000 25,000 20,000 15,000 10,000 5, /06/01 04/09/01 04/12/01 05/03/01 05/06/01 05/09/01 05/12/01 06/03/01 06/06/01 06/09/01 06/12/01 07/03/01 07/06/01 07/09/01 07/12/01 08/03/01 08/06/01 08/09/01 08/12/01 09/03/01 09/06/01 09/09/01 09/12/01 10/03/01 10/06/01 10/09/01 10/12/01 11/03/01 11/06/01 11/09/01 11/12/01 12/03/01 12/06/01 12/09/01 12/12/ 年郑商所棉花期货价格与国内外棉花期现价格走势对比图 ZCE Cotton Futures Prices vs ICE Futures & CC index (328)( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所棉花期货近交割月价格 (Nearby prices of ZCE cotton futures) 中国棉花价格指数 328(Chinese cotton index 328) 单位 (Unit): 美分 / 磅 ($ Cent/Pound) 洲际交易所棉花期货近交割月价格 (Nearby prices of ICE cotton futures) 23, , , , ,000 18,000 17,000 12/01/03 12/01/12 12/01/23 12/02/01 12/02/10 12/02/21 12/03/01 12/03/12 12/03/21 12/03/30 12/04/10 12/04/19 12/04/30 12/05/09 12/05/18 12/05/29 12/06/07 12/06/18 12/06/27 12/07/06 12/07/17 12/07/26 12/08/06 12/08/15 12/08/24 12/09/04 12/09/13 12/09/24 12/10/03 12/10/12 12/10/23 12/11/01 12/11/12 12/11/21 12/11/30 12/12/11 12/12/20 12/12/ Annual Report 11

14 报告12 贰零 市场发展 Market Development 壹贰. 年度< 白糖期货 > 2012 年白糖期货市场运行平稳, 成交活跃, 全年累计成交期货合约 万手, 成交金额 亿元 全年白糖期货价格与现货价格走势高度相关, 为现货企业套期保值提供了有效的工具, 食糖现货企业积极参与和利用白糖期货, 市场功能不断深化, 较好地促进了我国食糖产业健康发展 < White Sugar Futures > In 2012, white sugar futures traded in a steady manner, with active transactions. The total trading volume reached m contracts with a turnover of 8,408.75bn Yuan. The prices of futures market and cash market reflected high correlativity; hence the futures market provided an efficient instrument for spot enterprises to hedge. Sugar industrial related firms took part in futures trading increasingly and exercising of white sugar futures market function was deepened, which promoted the healthy development of Chinese sugar industry.

15 w w w. c z c e. c o m. c n 郑商所白糖期货价格与国内外食糖期现货价格走势对比图 ZCE White Sugar Futures vs ICE Futures & Nanning Cash Market( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 单位 (Unit): 美分 / 磅 ($ Cent/Pound) 郑商所白糖期货近交割月价格 (Nearby prices of ZCE white sugar futures) 南宁白糖现货价格 (Nanning cash market prices) 洲际交易所 11# 原糖期货近交割月价格 (Nearby prices of ICE 11# sugar futures) 8,000 7,000 6,000 5,000 4,000 3,000 2, /01/07 06/03/23 06/06/06 06/08/20 06/11/03 07/01/17 07/04/02 07/06/16 07/08/30 07/11/13 08/01/27 08/04/11 08/06/25 08/09/08 08/11/22 09/02/05 09/04/21 09/07/05 09/09/18 09/12/02 10/02/15 10/05/01 10/07/15 10/09/28 10/12/12 11/02/25 11/05/11 11/07/25 11/10/08 11/12/22 12/03/06 12/05/20 12/08/03 12/10/17 12/12/ 年郑商所白糖期货价格与国内外食糖期现货价格走势对比图 ZCE White Sugar Futures vs ICE Futures & Nanning Cash Market( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 单位 (Unit): 美分 / 磅 ($ Cent/Pound) 郑商所白糖期货近交割月价格 (Nearby prices of ZCE white sugar futures) 南宁白糖现货价格 (Nanning cash market prices) 洲际交易所 11# 原糖期货近交割月价格 (Nearby prices of ICE 11# sugar futures) 7, , , , ,800 5,500 5,200 12/01/03 12/01/12 12/01/23 12/02/01 12/02/10 12/02/21 12/03/01 12/03/12 12/03/21 12/03/30 12/04/10 12/04/19 12/04/30 12/05/09 12/05/18 12/05/29 12/06/07 12/06/18 12/06/27 12/07/06 12/07/17 12/07/26 12/08/06 12/08/15 12/08/24 12/09/04 12/09/13 12/09/24 12/10/03 12/10/12 12/10/23 12/11/01 12/11/12 12/11/21 12/11/30 12/12/11 12/12/20 12/12/ Annual Report 13

16 报告14 贰零 市场发展 Market Development 壹贰. 年度< 精对苯二甲酸期货 > 2012 年精对苯二甲酸 (PTA) 期货稳步健康发展, 全年共成交合约 万手, 成交金额 亿元 产业链企业参与的广度和深度进一步提高, 相关企业积极利用 PTA 期货规避现货价格波动风险, 稳定生产经营 PTA 期货市场功能进一步发挥, 较好地促进了我国化纤行业的健康发展 < PTA Futures > In 2012, PTA Futures developed steadily and healthy, total annual trading volume was m contracts with a turnover of 4, bn Yuan. More and more enterprises on the industry chain has taken part in the futures trading, which helped them to avoid the risk of spot price volatility so that to achieve stable production and operation. Its functions have been further developed, which stimulated the sound development of Chinese chemical fiber industry.

17 w w w. c z c e. c o m. c n 郑商所 PTA 期货价格与国内 PTA 现货价格走势对比图 ZCE PTA Futures Prices vs Cash Market Prices of Chinese PTA( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所 PTA 期货近交割月价格 (Nearby prices of ZCE TA contracts) 国产 PTA 现货价格 (Cash market prices of domestic made PTA) 12,000 10,500 9,000 7,500 6,000 4,500 3,000 06/12/18 07/02/19 07/04/23 07/06/25 07/08/27 07/10/29 07/12/31 08/03/03 08/05/05 08/07/07 08/09/08 08/11/10 09/01/12 09/03/16 09/05/18 09/07/20 09/09/21 09/11/23 10/01/25 10/03/29 10/05/31 10/08/02 10/10/04 10/12/06 11/02/07 11/04/11 11/06/13 11/08/15 11/10/17 11/12/19 12/02/20 12/04/23 12/06/25 12/08/27 12/10/29 12/12/ 年郑商所 PTA 期货价格与国内 PTA 现货价格走势对比图 ZCE PTA Futures Prices vs Cash Prices of Chinese PTA( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所 PTA 期货近交割月价格 (Nearby prices of ZCE TA contracts) 国产 PTA 现货价格 (Cash market prices of domestic made PTA) 9,500 9,000 8,500 8,000 7,500 7,000 6,500 12/01/04 12/01/12 12/01/23 12/02/01 12/02/10 12/02/21 12/03/01 12/03/12 12/03/21 12/03/30 12/04/10 12/04/19 12/04/30 12/05/09 12/05/18 12/05/29 12/06/07 12/06/18 12/06/27 12/07/06 12/07/17 12/07/26 12/08/06 12/08/15 12/08/24 12/09/04 12/09/13 12/09/24 12/10/03 12/10/12 12/10/23 12/11/01 12/11/12 12/11/21 12/11/30 12/12/11 12/12/20 12/12/ Annual Report 15

18 报告16 贰零 市场发展 Market Development 壹贰. 年度< 菜籽油期货 > 2012 年菜籽油期货运行平稳, 市场功能发挥良好 全年菜籽油期货共成交合约 万手, 成交金额 亿元 菜籽油期货价格与现货价格高度相关 广大油脂企业积极利用期货套期保值业务, 规避现货价格风险, 稳定生产经营 菜籽油期货在助推产业升级方面的作用逐步显现 < Rape Seed Oil Futures > In 2012, the rape seed oil futures market developed smoothly and the market functions were well exercised. The annual total trading volume and turnover of Strong Gluten Wheat futures reached m contracts and bn Yuan. The prices of futures market and cash market reflected high correlativity. Numerous oil-related firms hedged on futures market to evade spot price risks and achieve stable production and operation. Its function on accelerating industrial upgrading emerged step by step.

19 w w w. c z c e. c o m. c n 郑商所菜籽油期货价格与国内菜籽油现货及国外菜籽期货价格走势对比图 ZCE Rapeseed Oil Futures Prices vs Wuhan Market Cash Prices & ICE Canola Futures Prices(2007.6~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所菜籽油期货近交割月价格 (Nearby prices of ZCE RO futures) 武汉四级菜籽油现货价格 (Grade 4 rapeseed oil cash market prices at Wuhan) 单位 (Unit): 加元 / 吨 (CAD/Ton) 洲际交易所菜籽期货近交割月价格 (Nearby prices of ICE canola futures) 18,000 16,000 14,000 12,000 10,000 8,000 6, /06/08 07/08/01 07/09/24 07/11/15 08/01/10 08/03/04 08/04/25 08/06/17 08/08/08 08/10/01 08/11/24 09/01/16 09/03/11 09/05/04 09/06/25 09/08/18 09/10/09 09/12/02 10/01/26 10/03/19 10/05/12 10/07/05 10/08/26 10/10/19 10/12/10 11/02/02 11/03/28 11/05/19 11/07/12 11/09/02 11/10/26 11/12/19 12/02/10 12/04/04 12/05/29 12/07/20 12/09/12 12/11/05 12/12/ 年郑商所菜籽油期货价格与国内菜籽油现货及国外菜籽期货价格走势对比图 ZCE Rapeseed Oil Futures Prices vs Wuhan Market Cash Prices & ICE Canola Futures Prices( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所菜籽油期货近交割月价格 (Nearby prices of ZCE RO futures) 武汉四级菜籽油现货价格 (Grade 4 rapeseed oil cash market prices at Wuhan) 单位 (Unit): 加元 / 吨 (CAD/Ton) 洲际交易所菜籽期货近交割月价格 (Nearby prices of ICE canola futures) 12, , , , ,000 9,500 9,000 12/01/03 12/01/12 12/01/23 12/02/01 12/02/10 12/02/21 12/03/01 12/03/12 12/03/21 12/03/30 12/04/10 12/04/19 12/04/30 12/05/09 12/05/18 12/05/29 12/06/07 12/06/18 12/06/27 12/07/06 12/07/17 12/07/26 12/08/06 12/08/15 12/08/24 12/09/04 12/09/13 12/09/24 12/10/03 12/10/12 12/10/23 12/11/01 12/11/12 12/11/21 12/11/30 12/12/11 12/12/20 12/12/ Annual Report 17

20 报告18 贰零 市场发展 Market Development 壹贰. 年度< 早籼稻期货 > 2012 年早籼稻期货市场运行平稳 全年早籼稻期货共成交合约 万手, 成交金额 亿元 早籼稻期货套期保值和价格发现功能日益显现, 现货企业参与的积极性越来越高, 有效规避了价格波动风险, 实现了稳健经营 < Early Long-Grain Nonglutinous Rice Futures > In 2012 the Early Long-Grain Nonglutinous Rice Futures (ER futures) was running steadily. Throughout the year, ER futures had a total trading volume of m contracts and turnover of 104.4bn Yuan. The hedging and price finding functions of ER futures became increasingly apparent. Related enterprises operating within the spot market were stimulated to participate in futures trading and effectively evaded price volatility risks. Thus, the firms achieved steady operation.

21 w w w. c z c e. c o m. c n 郑商所早籼稻期货价格与国内外籼稻期现价格走势对比图 ZCE Early Long-Grain Nonglutinous Rice vs Changsha Cash Market Prices & CME Rough Rice Futures Prices( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 单位 (Unit): 美元 / 英担 ($ USD/cwt) 郑商所早籼稻期货近交割月价格 (Nearby prices of ZCE early long-grain nonglutinous rice futures) 湖南长沙早籼稻现货价格 (Changsha cash market prices) CME 籼稻期货近交割月价格 (Nearby price of CME rough rice) 2,800 2,600 2,400 2,200 2,000 1,800 1, /04/21 09/06/10 09/07/30 09/09/18 09/11/07 09/12/27 10/02/15 10/04/06 10/05/26 10/07/15 10/09/03 10/10/23 10/12/12 11/01/31 11/03/22 11/05/11 11/06/30 11/08/19 11/10/08 11/11/27 12/01/16 12/03/06 12/04/25 12/06/14 12/08/03 12/09/22 12/11/11 12/12/ 年郑商所早籼稻期货价格与国内外籼稻期现价格走势对比图 ZCE Early Long-Grain Nonglutinous Rice vs Changsha Cash Market Prices & CME Rough Rice Futures Prices( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 单位 (Unit): 美元 / 英担 ($ USD/cwt) 郑商所早籼稻期货近交割月价格 (Nearby prices of ZCE early long-grain nonglutinous rice futures) 湖南长沙早籼稻现货价格 (Changsha cash market prices) CME 籼稻期货近交割月价格 (Nearby price of CME rough rice) 2, , , , ,520 2,460 2,400 12/01/03 12/01/12 12/01/23 12/02/01 12/02/10 12/02/21 12/03/01 12/03/12 12/03/21 12/03/30 12/04/10 12/04/19 12/04/30 12/05/09 12/05/18 12/05/29 12/06/07 12/06/18 12/06/27 12/07/06 12/07/17 12/07/26 12/08/06 12/08/15 12/08/24 12/09/04 12/09/13 12/09/24 12/10/03 12/10/12 12/10/23 12/11/01 12/11/12 12/11/21 12/11/30 12/12/11 12/12/20 12/12/ Annual Report 19

22 报告20 贰零 市场发展 Market Development 壹贰. 年度< 甲醇期货 > 2012 年甲醇期货运行平稳, 市场功能发挥良好 甲醇期货共成交合约 万手, 成交金额 亿元 上市以来, 甲醇期货市场平稳运行, 三次交割均顺利完成, 产业客户积极参与, 期 现货价格保持了良好的相关性 甲醇期货在价格发现 规避风险等方面的功能均正常发挥 < Methanol Futures > The methanol futures ran steadily in 2012 and market functions were well exercised. The total trading volume was m contracts and turnover was bn Yuan. Since its listing, methanol futures had very smooth market performance with its first three deliveries fulfilled successfully. Customers from the industry participated in the futures trading actively and futures and cash market prices kept a high correlation. The functions of methanol futures on price finding and risk hedging performed pretty well.

23 w w w. c z c e. c o m. c n 郑商所甲醇期货价格与国内甲醇现货价格走势对比图 ZCE Methanol Futures Prices vs Huadong Cash Market Prices( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所甲醇期货近交割月价格 (Nearby prices of ZCE methanol futures) 华东甲醇低端报价 (Huadong cash market prices) 3,200 3,100 3,000 2,900 2,800 2,700 2,600 11/10/29 11/11/11 11/11/24 11/12/07 11/12/20 12/01/02 12/01/15 12/01/28 12/02/10 12/02/23 12/03/07 12/03/20 12/04/02 12/04/15 12/04/28 12/05/11 12/05/24 12/06/06 12/06/19 12/07/02 12/07/15 12/07/28 12/08/10 12/08/23 12/09/05 12/09/18 12/10/01 12/10/14 12/10/27 12/11/09 12/11/22 12/12/05 12/12/18 12/12/ Annual Report 21

24 报告22 贰零 市场发展 Market Development 壹贰. 年度< 玻璃期货 > 2012 年 12 月 3 日, 玻璃期货上市, 受到了玻璃行业和产业链企业的广泛关注 玻璃期货共成交合约 万手, 成交金额 亿元 上市以来, 玻璃期货运行平稳, 期现货价格相关性较好, 企业开户数量不断增加, 法人客户成交量 持仓量快速增长 玻璃期货在价格发现 规避风险方面的功能初步显现 < Flat Glass Futures > On Dec. 3, 2012, the listing of flat glass futures drew the focus of glass industry and related enterprises. The total trading volume was m contracts and turnover was bn Yuan. Since its listing, flat glass futures had very smooth market performance, the correlation between futures price and spot price were fairly high. The figures for new accounts of enterprises increased continuously and volume and open interests of legal persons grew tremendously. The functions of flat glass futures on price finding and risk hedging started to emerge gradually.

25 w w w. c z c e. c o m. c n 郑商所玻璃期货价格与国内玻璃现货价格走势对比图 ZCE Glass Futures Prices vs Huadong Cash Market Prices( ~ ) 单位 (Unit): 元 / 吨 ( Yuan/Ton) 郑商所玻璃期货近交割月价格 (Nearby prices of ZCE glass futures) 华东 5 毫米玻璃价格 (Huadong cash maket prices) 1,420 1,400 1,380 1,360 1,340 1,320 1,300 12/12/03 12/12/04 12/12/05 12/12/06 12/12/07 12/12/08 12/12/09 12/12/10 12/12/11 12/12/12 12/12/13 12/12/14 12/12/15 12/12/16 12/12/17 12/12/18 12/12/19 12/12/20 12/12/21 12/12/22 12/12/23 12/12/24 12/12/25 12/12/26 12/12/27 12/12/28 12/12/29 12/12/30 12/12/ Annual Report 23

26 报告24 贰零 市场发展 Market Development 壹贰. 年度< 油菜籽 菜籽粕期货 > 2012 年 12 月 28 日, 油菜籽 菜籽粕期货上市, 标志着郑商所产业链品种完善工作进入了新的阶段, 受到了油菜籽压榨 水产养殖行业 企业的广泛关注 < Rape Seed Futures & Rape Seed Meal Futures > On Dec. 28, 2012, ZCE launched rape seed and rape seed meal futures that drew the attention of rape seed pressing and aquaculture firms, which marked that ZCE stepped in a new stage of establishing complete product line in one industry chain.

27 w w w. c z c e. c o m. c n 志存 高远 A I M H I G H 2012 Annual Report 25 w w w. c z c e. c o m. c n

28 度报告26 贰零 市场监管 Market Surveillance 壹贰. 年2012 年, 郑商所积极贯彻落实全国证券期货监管工作会议精神, 加强和完善市场日常监管, 有效防范市场风险, 确保了市场平稳健康运行, 促进了期货市场功能发挥 In 2012, ZCE implemented the ideas from the "National Securities and Futures Surveillance Conference" with due diligence, enhanced and perfected its daily market regulation practices, prevented market risks efficiently, ensured the smooth and sound running of the futures market, promoted the functionality of the futures market.

29 w w w. c z c e. c o m. c n < 监管服务 > 加强市场监管 郑商所结合市场情况, 对 异常交 易认定标准及处理程序 进行了修订 加强对自成 交 频繁报撤单 大额报撤单 关联账户合并持仓 超限 影响交割结算价 盗码交易和自然人客户违 规持仓等七类异常交易行为和市场异常情况的日常 监控 全年处理异常交易 82 起, 处罚违规交易 5 起 加强市场监管服务 郑商所通过发布年度自律监管 白皮书 召开视频会议 产业客户座谈会 首席风 险官工作交流会 部分会员营业部经理座谈会 电 话提示提醒等多种形式, 加强投资者教育工作, 进 一步提高市场监管服务水平 < Regulatory Service > In order to reinforce its regulation, ZCE revised "Standards of Identifying Abnormal Transactions & Processing Procedure"; intensified daily monitoring on self-dealing, frequent placing and canceling orders, placing and canceling orders of large value, overrun of position limit in merger of relevant accounts, attempting to influence settlement prices, conducting trading activities by stealing futures trading codes, as well as violation of position limits by natural person clients; dealt with 82 abnormal transactions and penalized 5 transactions in violations. In order to improve its regulatory service, ZCE enhanced its investor education by issuing "Annual White Paper on Self-Disciplinary Regulation", prompting and reminding by phone, as well as holding video conferences, forums for industrial clients, working conferences for CRO and forums for sales managers of member firms. < 风险控制 > 有效防范市场风险 郑商所针对棉花 207 合约 强麦 209 合约和菜籽油 209 合约存在的风险隐患, 加强风险监测, 及时防范和化解了 3 个合约的风险隐患 为了防范市场风险, 郑商所全年调整交易保证金标准和涨跌停板幅度 6 次, 发布 风险提示函 2 次, 守住了不发生系统性风险的底线 < Risk Control > In order to preventing market risks effectively, ZCE intensified monitoring the contracts of CF207, WT209 and RO209, hence the potential risks of the three contracts were prevented and defused. Throughout the year, ZCE adjusted margins and price limits 6 times and issued 2 risk warning letters. Thus, ZCE held its red line that no systematic risk occurred Annual Report 27

30 报告28 贰零 市场服务 Market Service 壹贰. 年度2012 年, 郑州商品交易所深入贯彻科学发展观, 强化市场服务, 加大宣传和培训, 不断提高期货市场运行质量, 有效促进期货市场功能发挥, 全面提高服务实体经济质量和水平 举办 农产品期货高层座谈会 期货市场服务实体经济 30 人论坛 和 郑州农产品期货论坛 搭建期现交流高端平台, 增强社会各界对期货期权市场理论与实践共识, 提升实体企业风险管理能力和市场竞争能力, 促进相关产业经济持续健康发展 开展期货服务 三农 服务实体经济系列活动 联合地方政府部门, 总结和推广期货市场服务实体经济的典型模式 ; 落实资本市场支持新疆跨越式发展的精神, 举办新疆涉棉企业培训活动 ; 推动期货与现代农业 相关产业的深度对接, 发挥期货市场的独特作用, 促进期货市场功能发挥 举办 走进产业, 贴近行业, 服务企业 主题活动 ( 简称 三业 活动 ) 根据实体经济发展需要, 实施 千人培训计划, 支持会员开展 万人培训活动, 全年培训 2 万多人次 ; 征集市场功能 点 基地和案例, 完善和深化 面 基地合作机制, 构建市场大服务格局 ; 探索 期货信息下乡 有效途径, 向农业企业 合作组织 农户赠送期货日报 粮油市场报及中华粮网手机报信息 ; 尝试性对产业链大企业开展期货定点服务, 组织中小微型企业服务活动 针对市场需求, 多层次 系列化开展市场人才培养 举办各品种分析师培训考察活动 会员中层业务人员培训班 交割结算人员培训班, 举办实地调研和网络视频等培训活动, 广受会员好评

31 w w w. c z c e. c o m. c n In 2012, ZCE stuck to the Scientific Outlook on Development, intensified market services, enhanced promotion and training, continuously worked on improvement of the quality on the operation of futures market, effectively promoted the exercise of the functions of futures market, hence improved quality and standard of serving real economy. ZCE held the "Agricultural Futures Summit", "Futures Market Serves Real Economy - Forum for 30 Professionals" and "Zhengzhou Agricultural Futures Forum", which built a high-end platform for domestic/international communication on spot/futures market, strengthened common understanding of the society on theory and practices of futures and options market, advanced the risk management ability and market competitiveness of many enterprises and boosted the continuous and healthy development of industrial economy. ZCE launched series of events with theme of Futures Market Serving "Agriculture, Rural areas and Farmers Issues" and Real Economy; cooperating with local governments, popularized the ideas and typical models for Futures Market Serves the Real Economy; adopting the idea of capital market supports the leap-forward development method for Xinjiang, organized training seminars for cotton-related enterprises in Xinjiang; promoted the deep connection between futures market and agricultural industry, exercised the distinctive function of futures market and played a role in promoting the functions of agricultural commodity futures market. ZCE held the "Walk into industries, move closer to sectors, well serve enterprises" program; carried out training plan for member firms employees and supported training courses for investors held by member firms, with a result of more than 20,000 persons taking training courses throughout the year; collected typical individual cases on introducing the usefulness of futures market functions, perfected and deepened the cooperation scheme on similar but more general cases and constructed the great picture for market services; explored effective approaches for delivering futures information to rural areas and granted agricultural firms, cooperative organizations and farmers with Futures Daily, Grain News and wap news of Cngrain; attempted to provide large businesses with one by one service and organized servicing activities for medium-sized, small and micro businesses. ZCE launched a series of multilayer talent training programs according to market demand; held various training courses for analysts, senior business personnel from member firms as well as delivery and clearing specialists. ZCE also took credit from holding on-site research and web video training, which received positive feedbacks from members Annual Report 29

32 度报告30 贰零 市场创新 Market Innovation 壹贰. 年< 品种创新 > 12 月 3 日成功推出了玻璃期货, 这是郑商所首个建材品种, 拓宽了产品开发的新领域, 为玻璃行业的有序健康发展提供了价格参考 12 月 28 日推出油菜籽和菜籽粕期货, 完善了菜籽油产业链序列 编制并内部试运行农产品期货价格指数, 为郑商所后续衍生产品的研发奠定基础 < Innovation of Products > On Dec. 3, 2012, ZCE successfully launched its first product of building materials, flat glass futures, which marked that ZCE began a new area in product development by providing price references for sound growth of glass industry. On Dec. 28, 2012, ZCE launched rape seed futures and rape seed meal futures, which marked the complete of rape seed oil industry chain. ZCE compiled price futures indices of agricultural futures and conducted internal test run, which laid a foundation for further development of ZCE derivatives.

33 w w w. c z c e. c o m. c n < 机制创新 > < Innovation of Mechanism > 2012 年 6 月郑商所成立期权推进组, 拟定期权推进工作方案, 以规则和系统完善为核心, 务实推进期权各项工作, 取得了实质性进展 创新工作方式, 国际市场惯例与中国市场实际相结 In June 2012, ZCE established options development group, drafted working plan on developing options. Based on the concept of completing trading rules and system, ZCE put forward the tasks of options research pragmatically and achieved substantial progress. 合, 体现期权本质和市场需求, 通过合作会员研讨 征求投资者意见 国外专家咨询等形式加强交流和论证, 实现了期权规则阶段性完善的目标 组织业务部门 技术部门的对接和协调, 先核心再外围, 有序推进系统期权功能需求设计 开发和测试工作 完成了交易所端期权交易 结算等核心功能的开发 ; 完成了易盛会员端期权功能的开发, 具备期权交易 结算 行情分析 理论价格与风险指标计算等特色功能 在此基础上, 组织系统联测联调, 开展模拟交易与测试 ZCE improved its working mode by connecting international practice with reality of Chinese market to reflect the nature of options and the demands of the market. By enhancing communication and argument through discussing with cooperating members, soliciting investors' ideas and consulting with foreign experts, ZCE achieved the goal of completing the trading rules for options periodically. ZCE launched push for design, development and test of options function in trading system orderly; completed the development of trading and clearing functions of trading system on exchange end; completed the development of options trading system on Esunny member end, which had functions of options trading, clearing, market analysis, as well as calculation on theoretical prices and risk indicators; organized system survey and adjustment, as well as conduct trading stimulation Annual Report 31

34 贰告32 零壹贰. 年度报

35 w w w. c z c e. c o m. c n 市场创新 Market Innovation < 交割创新 > < 技术创新 > 玻璃期货施行全厂库交割, 这是国内期货市场首创, 2012 年, 郑商所不断加强技术系统建设, 注重提 菜籽期货施行实物仓单 + 车板交割, 菜粕期货施行 升软件质量, 在交易 结算 交割等多个方面支持 实物仓单 + 厂库仓单相结合的交割方式, 拓宽了期 新品种上市与业务机制创新, 稳步推进市场监察 货新品种研发的新思路 会员服务等系统的升级改造 < Innovation of Delivery > 为增强信息系统抗风险能力, 有效应对技术故障灾 ZCE conducted factory-warehouse delivery for flat glass futures, which was originated from Zhengzhou on the Chinese futures market. Delivery method for rape seed was a combination of warehouse warrants and free on truck, while a combination of delivery warehouse warrants and factory warehouse warrants was designed for rape seed meal. New methods of delivery helped ZCE to stimulate its train of thought on product development. 难 灾害等突发事件, 确保重要数据安全和重要信息系统连续稳定运行, 郑商所积极落实证监会加强行业核心机构灾备建设的有关要求进行灾备系统建设 2012 年 7 月 27 日郑商所深圳异地灾备中心建成启用 启用后郑商所形成了主中心 同城灾备中心和异地灾备中心完善的信息系统灾备体系 < Innovation of IT System > In 2012, ZCE enhanced the construction of IT < 形式创新 > 上市品种上市仪式改为新闻发布会, 在玻璃 菜籽 菜粕上成功实施 system, laid stress on quality of software, supported new listings and innovation of mechanism on trading, clearing and delivery, as well as promoted upgrading of market monitoring and member service systems. < Innovation of Form> ZCE changed its listing ceremony to press conferences, which achieved success of the listing of flat glass, rape seed and rape seed meal futures. To enhance risk-resistance capacity of information system, respond efficiently to technical glitches and disasters, as well as ensure data safety and stable and continuous operation of IT system, ZCE proceeded the construction of off-site disaster backup systems as required by CSRC. On July 27, 2012, ZCE off-site disaster backup center in Shenzhen was opened, which marked the completeness of ZCE IT system off-site disaster backup system consisted of main center, local center and remote center Annual Report 33

36 度报告34 贰零 市场宣传 Publicity 壹贰. 年2012 年, 为实体经济服务和 三农 服务依然是郑商所的重点工作 随着市场服务和宣传工作的创新, 媒体对郑州期货市场的关注也进入了新的层面 除了新华社 中央电视台 人民日报 经济日报等权威媒体对郑商所期货品种功能发挥的持续关注和积极评价, 一些泛财经和都市类媒体也开始发掘郑商所在服务实体经济方面的亮点, 关注期货市场对社会经济发展的积极贡献 更广泛的关注和更多人的认可, 为郑州期货市场功能发挥打下了扎实的 群众基础 In the year of 2012, ZCE kept focusing on serving real economy and "Agriculture, Rural areas and Farmers Issues". With the innovation of market services and publicity, Zhengzhou futures market attracted the attention of media from various fields. The leading media, such as Xinhua New Agency, CCTV, People's Daily and Economic Daily, constantly paid attention to and gave positive comments on exercise of ZCE futures functions. Besides, some media from areas of generalized finance & economics and social news also started to discover highlights of ZCE serving real economy and focus on the contribution of futures market to socioeconomic development. More focus and recognize laid sound foundation for exercise of Zhengzhou futures market.

37 w w w. c z c e. c o m. c n 合作交流 Cooperation and Intercommunication 2012 年, 郑商所继续积极推进对外合作与交流 作为正式会员加入世界交易所联合会 (WFE), 接待来自境外的政府机构 证券期货交易所 金融公司及高等院校等访问团组, 组织员工赴境外参加行业会议 进行业务考察和短期学习培训等 通过加强国际交流与合作, 学习借鉴了成熟市场在产品研发 市场培育 风险控制 技术开发与设计等方面的先进做法和经验, 宣传了我国期货市场改革发展积极成果, 扩大了郑商所国际影响力 In 2012,ZCE put its efforts on international communication and cooperation much further. It joined WFE as a member exchange, hosted visitors from foreign government institutions, stocks and futures exchanges, financial companies and higher education institutions, organized ZCE's employees to attend industry conferences, business tours and short-term overseas studies and trainings. By intensifying international communication and cooperation, ZCE learnt from advanced examples and successful experiences from exchanges operating in overseas mature markets on product R&D, market cultivation, risk control, technology development and designing, it also promoted the positive outcomes gained from reform and development of Chinese futures market, expanded ZCE's international influences Annual Report 35

38 报告36 贰零 大事记 Events 壹贰. 年度2012 年 2 月 20 日, 国务院参事考察团一行视察郑商所 On Feb. 20, 2012, the delegation of consultants to the State Council visited ZCE 年 3 月 27~30 日, 张凡总经理一行赴南通 江阴等地调研甲醇 棉花和 PTA 交割仓库 During March 27-30, 2012, Mr. ZHANG Fan, CEO of ZCE, investigated delivery warehouses of methanol, cotton and PTA in Nantong, Jiangyin, etc 年 4 月 10 日, 郑商所在北京举办 农产品期货高层座谈会 On April 10, 2012, ZCE held "Agricultural Futures Summit" in Beijing 年 2 月 21 日, 中国证监会桂敏杰副主席一行视察郑商所技术中心工程 On Feb. 21, 2012, Mr. GUI Minjie, Deputy Chairman of CSRC inspected the construction site of ZCE technology center.

39 w w w. c z c e. c o m. c n 2012 年 4 月 20 日, 郑商所在成都召开 郑州商品交易所第五届理事会第十一次会议 On April 20, 2012, ZCE held 11 th meeting of "5 th ZCE Board of Directors" 年 5 月 日, 张凡总经理一行赴南宁 湛江等地调研白糖产业链企业和交割仓库 On May 25 & 26, 2012, Mr. ZHANG Fan, CEO of ZCE, investigated industrial line enterprises and delivery warehouses of white sugar 年 5 月 18 日, 郑商所在北京举办 期货市场服务实体经济 30 人论坛 On May 18, 2012, ZCE held "Futures Market Serving Real Economy-Forum for 30 Professionals" in Beijing 年 7 月 4 日, 郑商所举办 第九套广播体操比赛 On July 4, 2012, ZCE held "Match on 9th Radio Gymnastics" Annual Report 37

40 贰零38 壹贰. 年度报告 大事记 Events 2012 年 9 月 6 日, 郑商所举办 2012 郑州农产品 ( 白糖 ) 期货论坛 On Sep. 6, 2012, ZCE held "Zhengzhou Agricultural Futures (White Sugar) Forum 2012" 年 7 月 27 日, 郑商所在深圳举行 郑州商品交易所异地灾备中心启用仪式 On July, 27, 2012, ZCE hosted "Opening Ceremony of ZCE Remote Off-Site Disaster Back-up Center" in Shenzhen 年 9 月 21 日, 郑商所在湖北宜昌召开 郑州商品交易所第五届理事会第十二次会议 On Sep. 21, 2012, ZCE held 12 th meeting of "5 th ZCE Board of Directors" in Yichang, Hubei 年 8 月 15 日, 张凡总经理一行赴东北调研粳稻, 召开会员座谈会 On Aug. 15, 2012, Mr. ZHANG Fan, CEO of ZCE, investigated japonica rice in North East China and hosted forum of member firms.

41 w w w. c z c e. c o m. c n 2012 年 12 月 3 日, 郑商所玻璃期货合约上市 On Dec. 3, 2012, ZCE launched flat glass futures 年 12 月 28 日, 郑商所党委副书记 副总经理郭晓利在菜籽菜粕期货合约上市新闻发布会上致辞 On Dec. 28, 2012, Mr. GUO Xiaoli, VP of ZCE, made a speech on the press conference for listing of rape seed and rape seed meal futures 年 12 月 23 日, 郑商所高级工商管理研修班 (EDP) 结业典礼在武汉举办 On Dec. 23, 2012, commencement of ZCE EDP was held in Wuhan 年 12 月 28 日, 郑商所党委书记 理事长张凡在郑州商品交易所期货及衍生品研究所有限公司成立新闻发布会上致辞 On Dec. 28, 2012, Mr. ZHANG Fan, Chairman of ZCE, made a speech on the press conference for foundation of ZCE Futures and Derivatives Institute Co., Ltd Annual Report 39

42 报告40 贰零 统计资料 Statistics 壹贰. 年度2012 年与 2011 年成交量 成交金额 年末持仓量对比表 Futures Trading Volume, Turnover and End of Year Open Interest in 2012 and 2011 品种 2011 年 2012 年同比 2011 年 2012 年同比 2011 年末 2012 年末同比成交量成交量增减成交金额成交金额增减持仓量持仓量增减 Volume Volume Year-on Turnover Turnover Year-on End of year End of year Year-on Commodity in in -year in in -year open open -year growth rate growth rate interest 2011 interest 2012 growth rate 硬白小麦 WT % % 1892 优质强筋小麦 WS % % % 优质强筋小麦 WH 普通小麦 PM 一号棉花 CF % % % 白糖 SR % % % 精对苯二甲酸 TA % % % 菜籽油 RO % % % 菜籽油 OI 早籼稻 ER % % % 早籼稻 RI 甲醇 ME % % % 玻璃 FG 油菜籽 RS 菜籽粕 RM 合计 Total % % % 注 (Note): 1. 成交量 : 万手 (Trading volume in 10 thousand contracts) 2. 持仓量 : 手 (Open Interest in 1 contract) 3. 成交金额 : 亿元 (Trading value in 100 million yuan) 4. 成交量 成交金额不包含期转现 (EFPs are not included in trading volume and value) 5. 成交量 成交金额 年末持仓量按单边统计 (Trading Volume, Turnover and End of Year OI are unilateral)

43 w w w. c z c e. c o m. c n 2012 年最大日成交量和持仓量统计表 Largest Daily Trading Volume and Open Interest in 2012 品种最大日成交量 ( 手 ) 日期最大日持仓量 ( 手 ) 日期 Commodity Largest daily trading volume (contract) Date Largest daily open interest (contract) Date 硬白小麦 WT 优质强筋小麦 WS 优质强筋小麦 WH 普通小麦 PM 一号棉花 CF 白糖 SR 精对苯二甲酸 TA 菜籽油 RO 菜籽油 OI 早籼稻 ER 早籼稻 RI 甲醇 ME 玻璃 FG 油菜籽 RS 菜籽粕 RM 合计 Total 注 (Note): 1. 最大日成交量不包含期转现 (EFPs are not included in maximum daily trading volume) 2. 最大日成交量 最大日持仓量按单边统计 (Maximum daily trading volume, maximum daily OI are unilateral) 2012 Annual Report 41

44 贰零42 壹贰. 年度报告 统计资料 Statistics 2012 年分品种月成交量 成交金额统计表 Monthly Trading Volume and Turnover by Commodity in 2012 品种 成交量 成交金额 成交量 成交金额 成交量 成交金额 成交量 成交金额 Commodity Volume Turnover Volume Turnover Volume Turnover Volume Turnover 1 月 January 2 月 February 3 月 March 4 月 April 硬白小麦 WT 优质强筋小麦 WS 优质强筋小麦 WH 普通小麦 PM 一号棉花 CF 白糖 SR 精对苯二甲酸 TA 菜籽油 RO 菜籽油 OI 早籼稻 ER 早籼稻 RI 甲醇 ME 玻璃 FG 油菜籽 RS 菜籽粕 RM 合计 Total 月 May 6 月 June 7 月 July 8 月 August 硬白小麦 WT 优质强筋小麦 WS 优质强筋小麦 WH 普通小麦 PM 一号棉花 CF 白糖 SR 精对苯二甲酸 TA 菜籽油 RO 菜籽油 OI 早籼稻 ER 早籼稻 RI 甲醇 ME 玻璃 FG 油菜籽 RS 菜籽粕 RM 合计 Total 月 September 10 月 October 11 月 November 12 月 December 硬白小麦 WT 优质强筋小麦 WS 优质强筋小麦 WH 普通小麦 PM 一号棉花 CF 白糖 SR 精对苯二甲酸 TA 菜籽油 RO 菜籽油 OI 早籼稻 ER 早籼稻 RI 甲醇 ME 玻璃 FG 油菜籽 RS 菜籽粕 RM 合计 Total 注 (Note): 1. 成交量 : 手 (Trading volume in 1 contract) 2. 成交金额 : 万元 (Trading Turnover in 10 thousand yuan) 3. 成交量 成交金额不包含期转现 (EFPs are not included in trading volume and Turnover) 4. 成交量 成交金额按单边统计 (Trading Volume, Turnover are unilateral)

45 w w w. c z c e. c o m. c n 2012 年分品种交割情况统计表 Delivery Volume by Commodity in 2012 品种成交量 ( 手 ) 期转现量交割量 ( 手 ) 交割总量交割率 (%) Commodity Trading volume (contract) EFPs Delivery volume (contract) Total Delivery Volume Delivery rate(%) 硬白小麦 WT % 优质强筋小麦 WS % 优质强筋小麦 WH % 普通小麦 PM % 一号棉花 CF % 白糖 SR % 精对苯二甲酸 TA % 菜籽油 RO % 菜籽油 OI % 早籼稻 ER % 早籼稻 RI % 甲醇 ME % 玻璃 FG % 油菜籽 RS % 菜籽粕 RM % 注 (Note): 成交量 期转现量 交割量按单边计算 成交量不包含期转现 交割总量 = 期转现量 + 交割量 交割率 = 交割总量 / 成交量 x100% Trading volume, EFPs and Delivery volume are unilateral, EFPs are not included in trading volumes, Total delivery volume=efps+delivery volume, Delivery rate=total delivery volume/trading volume x 100% Annual Report 43

46 贰零44 壹贰. 年度报告 统计资料 Statistics 2012 年分品种月末持仓统计表 Monthly Open Interests by Commodity in 2012 品种 1 月 2 月 3 月 4 月 5 月 6 月 7 月 8 月 9 月 10 月 11 月 12 月 Commodity Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. 硬白小麦 WT 优质强筋小麦 WS 优质强筋小麦 WH 普通小麦 PM 一号棉花 CF 白糖 SR 精对苯二甲酸 TA 菜籽油 RO 菜籽油 OI 早籼稻 ER 早籼稻 RI 甲醇 ME 玻璃 FG 油菜籽 RS 4509 菜籽粕 RM 合计 Total 注 (Note): 单位 : 手 (Unit: lot) 月末持仓量按单边统计 (Monthly Open Interests are unilateral)

47 w w w. c z c e. c o m. c n 2012 年分品种分月份仓单情况统计表 Monthly On Warrants and Cancelled Warrants by Commodity in 2012 品种 1 月 2 月 3 月 4 月 5 月 6 月 7 月 8 月 9 月 10 月 11 月 12 月总计 Commodity Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. Total 注册量 On Warrant 硬麦 WT 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 强麦 WS 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 甲醇 ME 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 棉花 CF 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 白糖 SR 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant PTA 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 菜籽油 RO 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 菜籽粕 RM 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 油菜籽 RS 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 玻璃 FG 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注册量 On Warrant 早籼稻 ER 注销量 Cancelled Warrant 月末仓单量 Month End Warrants 注 (Note): 单位 : 张 (Unit: Warrant) 2012 Annual Report 45

48 贰零46 壹贰. 年度报告 统计资料 Statistics 2012 年分品种分合约交割情况统计表 Delivery Volume by Contract Month in 2012 成交量期转现量交割量交割总量交割率成交量期转现量交割量交割总量交割率品种 ( 手 ) ( 手 ) ( 手 ) ( 手 ) ( 手 ) ( 手 ) Trading Delivery Total Delivery Delivery Trading Delivery Total Delivery Delivery Commodity Volume EFPs Volume Volume Volume EFPs Volume Volume (Contract) (Contract) (Contract) Rate (Contract) (Contract) (Contract) Rate 201 合约 January contract 202 合约 February contract 硬白小麦 WT % 优质强筋小麦 WS % 一号棉花 CF % 白糖 SR % 精对苯二甲酸 TA % % 菜籽油 RO % 早籼稻 ER % 合约 March contract 204 合约 April contract 硬白小麦 WT % 优质强筋小麦 WS % 一号棉花 CF % 白糖 SR % 精对苯二甲酸 TA % % 菜籽油 RO % 早籼稻 ER % 甲醇 ME % % 205 合约 May contract 206 合约 June contract 硬白小麦 WT % 优质强筋小麦 WS % 一号棉花 CF % 白糖 SR % 精对苯二甲酸 TA % % 菜籽油 RO % 早籼稻 ER % 甲醇 ME % %