[2] Zhengzhou Commodity Exchange was the first experimental futures market approved by the State Council, established on October 12, 1990.

In 1990, the State Council permitted the China Zhengzhou Grain Wholesale Market (CZGWM) to operate on an experimental basis.

In 1994, contracts for peanut kernels, soybean powder, and red beans were introduced, and an afternoon session commenced.

In 1996, Jiang Zemin, General Secretary of the Chinese Communist Party, President of the People's Republic of China (PRC), and Chairman of the Central Military Commission, conducted an inspection of the CZCE.

In 2003, the trading volume reached 49.82 million contracts, reflecting a 17.3 percent increase from the prior year.