On December 3rd, 2013, Yang Maijun, chairman of the board of directors, was present at the 9th China (Shenzhen) International Futures Conference under the joint auspice of China Futures Association and Shenzhen Municipal People’s Government. Yang Maijun said that as an oil consumption and import power, China presses for a futures market that reflects China’s supply and demand factors and also serves for the oil industry. And SHFE has actively taken advantage of the pilot running of Shanghai Free Trade Zone to register Shanghai International Energy Trading Center within the Free Trade Zone under the direction of CSRC. To this end, as a leading party, CSRC works with relevant ministries and commissions of the State Council to actively explore the most important factors for the operation of global oil futures trading, while SHFE International Energy Trading Center vigorously presses forward all the preparatory work. Thanks to the joint efforts made by both the central government and the Exchange, such preparation will certainly be completed as soon as possible. He also added that SHFE is expecting the initiation of the trading as early as possible after the preparatory work is wrapped up within the next few months and the relevant policies are swiftly launched with the implementation of the requirements of the 3rd Plenary Session of the 18th CPC Central Committee.