An Analysis Of The Relationship Between "Shareholders-Members" In China’s Oil Exchange

China’s oil exchange is an important part of China’s factor market,oil is China’s important energy base.However,the degree of marketization of China’s oil market is not high,this paper through the choice of four oil exchanges,from the oil exchange constitutes the relationship between shareholders,the relationship between the members of the oil exchange and the relationship between shareholders and members,By selecting the appropriate indicators,around the oil exchange,the analysis of the existing four of the "shareholder-membership" relationship is what kind of model,what is the difference between the various models,which model is successful Finally,in the comparative analysis of the international oil market on the basis of successful experience,to find the reason why China’s oil exchange "success" or "not successful," the success of the success of the oil market,Success "of the reasons,which get the policy revelation.The data source of this paper is based on the direct information on the official website of the four exchanges,followed by the media reports on the official website of the four exchanges,as well as the news reports of the exchange at different stages of development;If the observed data is still incomplete,may use the Internet as much as possible reliable information,further,if it is not relevant information,can only give up.On the basis of analyzing and collating information,through the establishment of the corresponding analysis model,the conclusions of this paper are as follows: First,China’s oil exchange has always been inseparable from the government’s shadow,whether dominated by state-owned enterprises,or private enterprises,The second,every exchange,regardless of what kind of relationship between shareholders and members of the relationship between the exchange of the exchange efficiency is very inefficient,and the exchange rate is very low,The exchange of goods and sellers of the exchange products as a member of the exchange,the number of transactions,frequency,are not enough to support the survival and development of the exchange;Third,the Chinese government only allows the oil exchange for spot transactions,The number and frequency of transactions can not support the survival of the exchange case,had to illegally absorb individual members and illegal fraud operations,the final administrative department had to order the exchange to suspend business for rectification.Through the analysis of China’s four exchanges,compared to the International Petroleum Exchange,this article get the revelation: First,China’s exchange to be successful,the oil futures market and the spot market is not divided;Second,China’s oil The market in the case of insufficient market transactions,there is no living space,in order to have a sufficient number of market players in China,we must break the monopoly of the three major oil companies.