At the end of January 2019, the four futures exchanges in China, Dalian Commodity Exchange ("DCE"), China Financial Futures Exchange ("CFFEX"), Shanghai Futures Exchange ("SHFE"), Zhengzhou Commodity Exchange ("ZCE"), as well as Shanghai International Energy Exchange Co., Ltd. ("INE"), the subsidiary of SHFE operating the listing, clearing and delivery of energy derivatives, acknowledged respectively that they had been officially recognized by the China Securities Regulatory Commission ("CSRC") as qualifying central counterparties ("QCCPs"). This gesture by CSRC reveals China's intent to promote internationalization of China's futures markets by adopting international standards to attract foreign investors.