The Guangzhou Futures Exchange (GFEX) will begin trading platinum and palladium futures on November 27, followed by options contracts on November 28. This expansion enhances China's green finance derivatives system and offers new tools for industrial risk management.
The announcement was made by Li Muchun, Deputy General Manager of GFEX, during the 2025 Greater Bay Area Technology and Financial Innovation Development Conference, a parallel session of THE 20th CHINA ECONOMIC FORUM, held on November 18 in Nansha, Guangzhou.
Platinum and palladium, both critical metals in clean energy applications such as automotive emission control, hydrogen production, and wind power equipment, will become the fourth and fifth new energy metal products listed on GFEX, following industrial silicon, lithium carbonate, and polysilicon.
The launch reinforces GFEX's role as a green-focused futures exchange, a vision originally outlined in the Guangdong-Hong Kong-Macao Greater Bay Area Development Plan released in February 2019. Established in April 2021 as China's first mixed-ownership futures exchange, GFEX has consistently introduced one major green derivative each year—industrial silicon in 2022, lithium carbonate in 2023, and poly silicon in 2024.
Looking ahead, GFEX will continue to diversify its product lineup, with lithium hydroxide futures and options currently under development. The exchange also plans to deepen research into carbon emission rights and strengthen international cooperation by exploring settlement price authorization for overseas institutions—steps aimed at increasing GFEX's global pricing influence.
Reporter & Photo: Li Xindi
Editor: Wei Shen, James Campion, Shen He
