Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
1/10 · LowCSRC futures licence 000000062319 is on the China Futures Association register with this exact website, backed by CFFEX trading and clearing membership 0308: tier-1 onshore supervision.
Identity & transparency
1/10 · LowLegal entity, registration code, address, managers and 100% Goldman Sachs ownership match across the regulator register, the CSRC approval and the LEI record.
Withdrawals & conduct
2/10 · LowNo withdrawal or fund complaints on any platform searched. Scored low, though not as affirmatively clean, because there is no client-review record at all.
Reputation
3/10 · LowNo regulator warning names the firm or its domains, and Goldman Sachs clone warnings abroad concern other entities. There are no public client reviews either way.
Website claims
1/10 · LowThe site's statements on the rename, ownership and business match the register, and the site warns visitors about impostors.
Operational history
1/10 · LowIncorporated in 1993 under one registration through four names. qkfutures.com dates from 2006 with archive copies from June 2006, and goldmansachs.cn from 2003.
Who they are
A quick desk file on the company behind the brand.
- Brand: Goldman Sachs Futures (高盛期货), called Qian Kun Futures (乾坤期货) until March 2026.
- Legal entity: 高盛期货（深圳）有限公司, Goldman Sachs Futures (Shenzhen) Co., Ltd., unified social credit code 9144000010002072XD, LEI 549300KNUZPLW6UD1E30.
- Registered: Suites 3302 and 3303A, Tower 3, Kerry Plaza, No. 1-1 Zhongxin 4th Road, Futian District, Shenzhen, China. Registered capital RMB 516,508,938.
- Owner: 100% Goldman Sachs (China) Securities Co., Ltd. The actual controller is The Goldman Sachs Group, Inc.
- Management: chairman Wang Qi, general manager Yu Xiaodan and chief risk officer Huang Lu, according to the China Futures Association register.
- Website: goldmansachs.cn/futures, the address the register records. The older domain qkfutures.com is still registered on Goldman Sachs name servers.
- Licence: CSRC futures business licence 000000062319 for financial futures brokerage and commodity futures brokerage.
- Exchange memberships: trading and clearing member 0308 of the China Financial Futures Exchange. It is also a member of the Shanghai, Dalian, Zhengzhou and Guangzhou futures exchanges and the Shanghai International Energy Exchange.
- Offers: futures brokerage on Chinese exchanges, presented as risk-management services for companies.
- Age claim: the homepage gives Goldman Sachs's 1869 founding for the group, not a date for this company. The register dates the company itself to 5 November 1993.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
China Securities Regulatory Commission (CSRC)
China Financial Futures Exchange (CFFEX)
Why we reached this verdict
How the evidence adds up.
The evidence describes a genuine, well-supervised futures broker. The published 65% comes from a rating rule about missing client reviews, not from anything the firm was found to have done.
- Licence confirmed: the China Futures Association register lists licence 000000062319 for Goldman Sachs Futures (Shenzhen) and records goldmansachs.cn/futures as its website. The register itself ties the licence, the company and the site together. The CFFEX member list shows the firm as trading and clearing member 0308, and the CSRC's own directory of futures companies includes it.
- Ownership confirmed: CSRC approval No. 1968 of 2025, dated 5 September 2025, made The Goldman Sachs Group, Inc. the actual controller. The register and the LEI record both show Goldman Sachs (China) Securities as sole shareholder, and goldmansachs.cn is registered to that parent.
- Long, continuous history: the company was formed on 5 November 1993 and has kept one registration through four names. qkfutures.com was registered in February 2006 and has archive copies from June 2006. goldmansachs.cn dates from March 2003.
- Clean record: IOSCO's I-SCAN alert network has nothing on the firm, its former name or its domains, and the register's integrity-record section is empty. Goldman Sachs clone warnings do exist, from the FCA and the Central Bank of Ireland, but they concern impostors of UK and Irish entities.
- Why 65% and not 14%: the six scores below average to about 14%. We found no client reviews of the firm, positive or negative, on Trustpilot, Reddit, a third-party broker directory or Chinese investor forums. Our rating rules raise any broker without a public client track record to at least 65% and label it high risk (unverified), because a clean result means less when no client has reported an experience. The firm presents itself as a risk-management partner for companies, which may explain the silence, but the silence remains.
- Confidence is medium because the published figure rests on that absence rather than on a finding.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The China Futures Association register lists 高盛期货（深圳）有限公司 with futures licence 000000062319, scope financial futures brokerage and commodity futures brokerage, registered capital RMB 516,508,938, the Kerry Plaza Tower 3 address in Shenzhen, legal representative Wang Qi, and company website https://www.goldmansachs.cn/futures/, the exact domain of this broker.
E2The register's history section records formation on 5 November 1993 as Shandong Luyin Futures Brokerage and renamings in 1996, 2006 and 2008, ending as Qian Kun Futures Co., Ltd. Beijing Gao Hua Securities owned 100% from November 2012. CSRC approval 证监许可〔2025〕1968号 transferred control to Goldman Sachs (China) Securities on 17 September 2025, with The Goldman Sachs Group as actual controller. The rename to Goldman Sachs Futures (Shenzhen) followed on 3 March 2026.
E3The register's shareholder section shows Goldman Sachs (China) Securities Co., Ltd. holding 100% since 1 November 2022, with its own website listed as www.goldmansachs.cn.
E4The register's integrity-record section, where disciplinary and regulatory measures are disclosed, shows no entries for the firm.
E5The China Financial Futures Exchange member list shows member 0308, 高盛期货（深圳）有限公司, short name 高盛期货, as a trading and clearing member.
E6The CSRC's own directory of futures companies for September 2026 lists 高盛期货（深圳）有限公司 under Shenzhen.
E7CSRC approval 证监许可〔2025〕1968号, dated 5 September 2025, approves the change of shareholding and actual controller of Qian Kun Futures Co., Ltd. and names The Goldman Sachs Group, Inc. as actual controller.
StrongCSRC approval noticeE8LEI record 549300KNUZPLW6UD1E30 gives the legal name and the previous name 乾坤期货有限公司. It shows registration code 9144000010002072XD, validated against China's National Enterprise Credit Information Publicity System, creation on 5 November 1993, and status active and fully corroborated. Goldman Sachs (China) Securities is the direct parent and The Goldman Sachs Group, Inc. the ultimate parent.
StrongGLEIF LEI recordE9WHOIS for goldmansachs.cn shows registration on 17 March 2003 to 高盛（中国）证券有限责任公司, with name servers ns1 to ns6.gs.com. The parent company holds the site's domain.
ModerateWHOIS record for goldmansachs.cnE10Registry data for qkfutures.com shows registration on 27 February 2006, a month after the company took the Qian Kun name. Its name servers are on gs.com, goldmansachs.biz, goldmansachs.info and gs360.net, and registry locks are in place.
E11The Wayback Machine holds copies of qkfutures.com from 20 June 2006 onward. The copy of 8 September 2025 shows the Qian Kun Futures site with the same Kerry Plaza address and complaint line 86-755 2222 1155, under the page title Futures - GS China that goldmansachs.cn/futures now uses.
E12The firm's website, in the Wayback copy of 11 September 2026, announces the rename of 4 March 2026 and states that Goldman Sachs (China) Securities owns 100%, with The Goldman Sachs Group as actual controller. It says that from 20 March 2026 Goldman Sachs no longer uses any Qian Kun or QK trade name. It gives the same address and complaint line as the register and links visitors to the China Futures Association register.
E13IOSCO's I-SCAN alert network returns no warning for Qian Kun, qkfutures, goldmansachs.cn or Goldman Sachs Futures.
ModerateIOSCO I-SCANE14An I-SCAN search for Goldman Sachs returns four clone warnings, from the FCA (2012, 2019 and 2021) and the Central Bank of Ireland (2023), about impostors of Goldman Sachs entities in the UK and Ireland. The FCA's 2019 warning names gsaminternational.com. None names this firm or its domains.
E15We found no client reviews or complaints about the firm under either name on Trustpilot, where no business page exists for goldmansachs.cn or qkfutures.com, on Reddit, or in the user-feedback sections of a third-party broker directory's two listings, both of which carry this firm's Shenzhen address.
WeakTrustpilot, Reddit and a third-party broker directoryE16An Eastmoney Guba post of 27 March 2026 in a pulp-futures forum is titled '乾坤期货跑了' (roughly: Qian Kun Futures has gone). It has no text, amounts or account details and is not a client complaint about funds.
WeakEastmoney GubaE17Chinese Q&A pages about the firm, such as Cofool, carry answers from resident advisers rather than first-hand client accounts, and none reports a problem with the firm.
WeakCofool Q&AE18Cailian Press, citing Dalian Commodity Exchange position data on 18 April 2024, reported that the Qian Kun Futures seat held 23,887 long lots of the 2409 iron-ore contract, third on the ranking.
E19The CSRC's 2023 futures company classification rated Qian Kun Futures BBB, a mid-table grade.
E20On 24 April 2025 the CSRC Shenzhen bureau warned that criminals impersonate futures-company staff and distribute fake trading apps. The notice names no firm.
E21Futures Daily, republished by Sina Finance on 7 May 2026, reported the rename to Goldman Sachs Futures (Shenzhen). It listed memberships of the Shanghai, Zhengzhou, Dalian and Guangzhou exchanges and trading and clearing membership of CFFEX.
ModerateSina Finance (Futures Daily)
The other side
The strongest case in this broker’s favour.
The case that this firm is safe is strong, and most of it comes from regulators rather than from the firm.
- The official register ties the licence, the legal entity, the Shenzhen address and the exact website together. That leaves no gap for a clone to exploit.
- The same registered company has operated as a futures brokerage since 1993, under owners that included Beijing Gao Hua Securities and now Goldman Sachs.
- Goldman Sachs took control only after CSRC approval, at the end of a process that began in 2021, according to Cailian Press.
- Dalian Commodity Exchange position data reported by Cailian Press in April 2024 placed the firm's seat third among long holders of the September 2024 iron-ore contract. That is a sign of real client business.
- The firm publishes a complaint line and points visitors to the official register and the CSRC 12386 complaint service. It also warns that anyone using the Qian Kun or QK names since 20 March 2026 is not connected to Goldman Sachs.
- A futures broker serving corporate hedgers would be expected to leave few public consumer reviews.
What would change this
What we would need to see to revise the verdict.
These developments would move the rating.
- Genuine client reviews on established platforms, positive or negative, would remove the profile floor and let the figure rest on the evidence, about 14% today.
- A CSRC, exchange or China Futures Association measure against the firm, or a regulator warning naming goldmansachs.cn or qkfutures.com, would raise the risk.
- Specific, independent reports of refused withdrawals or withheld margin would raise the risk sharply.
- If the register dropped the licence, listed a different website or showed a new controlling shareholder, the firm would need a fresh assessment.
- Evidence that qkfutures.com had left Goldman Sachs control would turn that domain from a legacy address into an impostor risk.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
China Futures Association register entry
Licence 000000062319, website, address, shareholder and full name history of Goldman Sachs Futures (Shenzhen)
CFFEX futures company member list
Shows member 0308, Goldman Sachs Futures (Shenzhen), as a trading and clearing member
CSRC directory of futures companies
The regulator's own list of licensed futures companies, including this firm
CSRC approval of Goldman Sachs control
Approval No. 1968 of 2025, dated 5 September 2025, naming The Goldman Sachs Group as actual controller
GLEIF LEI record
Registration code, 1993 creation date, address, former name and Goldman Sachs parent companies
Goldman Sachs Futures website
Official site, as recorded on the China Futures Association register
IOSCO I-SCAN alert search
No regulator alert for the former name Qian Kun
FCA warning about Goldman Sachs clones
Concerns impostors of UK Goldman Sachs entities, not this Shenzhen firm
Frequently asked questions
Quick answers about this broker’s safety.
Is Goldman Sachs Futures (Shenzhen) a scam?
We found no evidence that it is. It holds CSRC futures licence 000000062319, which the China Futures Association register lists together with its website goldmansachs.cn/futures, and it is wholly owned by Goldman Sachs. The 65% figure on this page reflects the absence of public client reviews, not misconduct.
Is Goldman Sachs Futures (Shenzhen) a fraud?
We found no evidence of fraud. We found no regulator warning, enforcement action or industry disciplinary record naming the firm, its former name Qian Kun Futures or its domains. IOSCO's I-SCAN alert network has no entry for any of them.
Why is the risk shown as 65% if the licence is genuine?
Our rating rules set a floor of 65% for any broker with no public client track record, because a clean result means less when no clients have described their experience. On the evidence alone the firm scores about 14%. The figure would fall once genuine client reviews appear.
Is Goldman Sachs Futures (Shenzhen) regulated?
Yes. It holds futures business licence 000000062319 from the China Securities Regulatory Commission for financial and commodity futures brokerage, and it appears in the CSRC's directory of futures companies. It is also trading and clearing member 0308 of the China Financial Futures Exchange.
Is Goldman Sachs Futures the same company as Qian Kun Futures?
Yes. Qian Kun Futures Co., Ltd. was renamed Goldman Sachs Futures (Shenzhen) Co., Ltd. on 3 March 2026 and kept its registration code, 9144000010002072XD. The firm says it has not used the Qian Kun or QK names since 20 March 2026, so anyone trading under them now is not connected to it.
Who owns Goldman Sachs Futures (Shenzhen)?
Goldman Sachs (China) Securities Co., Ltd. owns 100%, and The Goldman Sachs Group, Inc. is the actual controller. The CSRC approved that change of control on 5 September 2025, replacing the previous majority owner, Beijing Gao Hua Securities.
How old is the company?
It was incorporated on 5 November 1993 as Shandong Luyin Futures Brokerage and later traded as Shenzhen Pengxin Futures and Qian Kun Futures. Its qkfutures.com domain dates from February 2006 and the goldmansachs.cn domain from March 2003.
Can I withdraw my money?
We found no client complaint about blocked withdrawals or withheld margin under either name. That is reassuring but limited, because we found no client reviews of any kind. Ask the firm for its withdrawal terms in writing before you deposit.
Is my money safe with Goldman Sachs Futures?
It is an onshore broker with a full CSRC licence and a Goldman Sachs parent, which is the strongest regulatory position we rate. A licence does not protect you from trading losses, and futures trading carries a high risk of loss. Only trade money you can afford to lose.
Is this a clone of Goldman Sachs?
No. The China Futures Association register records goldmansachs.cn/futures as this firm's website, and goldmansachs.cn is registered to Goldman Sachs (China) Securities. Clones of Goldman Sachs entities do exist elsewhere, so always check that you are dealing through goldmansachs.cn/futures.
What does the CFFEX membership mean?
It means the China Financial Futures Exchange admitted the firm as trading and clearing member 0308. It is an exchange membership, not a separate licence. The licence that lets the firm serve clients is the CSRC one.
What does Goldman Sachs Futures offer?
It brokers financial futures and commodity futures on Chinese exchanges and presents its service as risk management for companies. Its register entry lists memberships of six Chinese futures exchanges, including the China Financial Futures Exchange.
What should I check before depositing?
Confirm on the China Futures Association register that the licence is 000000062319 and the website is goldmansachs.cn/futures. Pay margin only into an account in the firm's own name, and ignore anyone using the old Qian Kun or QK names.
What should I do if someone using the Qian Kun Futures name asked me for money?
Stop paying and keep every message and receipt. Report it to Goldman Sachs Futures on 86-755 2222 1155, to the CSRC 12386 service and, if you have already paid, to the police. Do not pay any recovery service that asks for an upfront fee.
What we recommend
The practical takeaway from everything above.
Before you open an account or send money, check these points yourself.
- Look up Goldman Sachs Futures (Shenzhen) on the China Futures Association register. Confirm that it shows licence 000000062319 and the website goldmansachs.cn/futures.
- Treat any person, app, chat group or website using the Qian Kun or QK names as unrelated. The firm says it has not used those names since 20 March 2026.
- Pay margin only into a bank account in the name of Goldman Sachs Futures (Shenzhen) Co., Ltd. Never pay into a personal account or one sent to you in a chat app.
- Install trading software only from the firm's own website or a mainstream app store. The CSRC Shenzhen bureau gave this advice in April 2025 after fake futures apps appeared.
- Raise problems on the firm's complaint line, 86-755 2222 1155, and take unresolved cases to the CSRC 12386 service.
- Be wary of anyone abroad selling Goldman Sachs investments. UK and Irish regulators have warned about firms copying the Goldman Sachs name.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 31, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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