Member is a corporation or an economic organization that conducts futures trading at the Exchange according to the applicable laws and regulations on futures trading or the Articles of the Exchange on approval of the same. The corporations or the economic organizations within the territory of the People’s Republic of China may apply to be members of the Exchange. The membership may be transferred on approval.

　　Membership enrollment, disqualification and transfer involve an application of the member as well as the acceptance, a primary review and approval of the Exchange in accordance with Shanghai Futures Exchange Membership Management Measures.