Shanghai-based China Financial Futures Exchange Co. Ltd. (CFFEX) has appointed Huo Ruirong its new CEO, Caixin has learned from sources with knowledge of the matter.
Huo, 49, took the post on Monday, filling a vacancy left by Rong Zhiping, who will be appointed as an adviser at the Shanghai Futures Exchange.
Huo has many years of experience in regulatory bodies. He served as executive vice president of Shanghai Futures Exchange before moving to the China Securities Regulatory Commission’s Shanghai branch as a deputy director in February 2015. He left the branch in 2017 and was then appointed CEO of China Futures Market Monitoring Center Co. Ltd.
CFFEX provides trading and clearing services for financial futures, options and other derivatives. It was established in September 2006 by the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange, and Shenzhen Stock Exchange, according to its website.
Huo’s appointment is expected to boost regulatory efforts to improve the financial futures market and expand the number and type of futures and options products available, industry insiders said.
Contact reporter Timmy Shen (hongmingshen@caixin.com, Twitter:@timmyhmshen)
