The Securities Regulatory Commission issued instructions on revising the “Measures for the Supervision and Administration of Futures Companies” and formulating the “Notice on Matters Relating to the Implementation of the 'Measures for the Supervision and Administration of Futures Companies'”, which mentions the “Measures” improve the business rules of futures companies. The first is to improve general business standards, clarify the principle of prioritizing customer interests, improve systems for handling conflicts of interest, customer asset protection, information technology management, business marketing, customer visits, etc., and clarify prohibited sexual acts of futures companies and their employees. The second is to improve futures brokerage business rules, including strengthening access management to external information systems. Among them, with regard to the provisions of Article 53, after the implementation of these measures, the China Securities Regulatory Commission will guide dispatching agencies, the China Futures Industry Association, etc. to organize implementation in accordance with relevant circumstances. Third, a special section has been added to regulate the futures market trading business, stipulating management mechanisms for market making business, business isolation requirements, quotation regulations, and leaving traces in decisions. Fourth, to promote futures companies to focus on asset management services in the field of futures and derivatives. Futures companies are required to set up other types of asset management plans and use futures or derivatives instruments for risk management. The net amount of capital raised by the asset management plans established by futures companies must not exceed five times the net capital raised by the futures and derivatives asset management plans they set up to increase the “futures content” of the futures asset management business. It was emphasized that futures companies should act as managers to actually manage asset management plans and curb the “channelization” of asset management business. In addition, the revised “Measures” have also further improved supervision and management and legal liability provisions, and made bridging arrangements for the supervision of futures companies listed and listed on domestic and foreign stock exchanges.

The Securities Regulatory Commission issued instructions on revising the “Measures for the Supervision and Administration of Futures Companies” and formulating the “Notice on Matters Relating to the Implementation of the 'Measures for the Supervision and Administration of Futures Companies'”, which mentions the “Measures” improve the business rules of futures companies. The first is to improve general business standards, clarify the principle of prioritizing customer interests, improve systems for handling conflicts of interest, customer asset protection, information technology management, business marketing, customer visits, etc., and clarify prohibited sexual acts of futures companies and their employees. The second is to improve futures brokerage business rules, including strengthening access management to external information systems. Among them, with regard to the provisions of Article 53, after the implementation of these measures, the China Securities Regulatory Commission will guide dispatching agencies, the China Futures Industry Association, etc. to organize implementation in accordance with relevant circumstances. Third, a special section has been added to regulate the futures market trading business, stipulating management mechanisms for market making business, business isolation requirements, quotation regulations, and leaving traces in decisions. Fourth, to promote futures companies to focus on asset management services in the field of futures and derivatives. Futures companies are required to set up other types of asset management plans and use futures or derivatives instruments for risk management. The net amount of capital raised by the asset management plans established by futures companies must not exceed five times the net capital raised by the futures and derivatives asset management plans they set up to increase the “futures content” of the futures asset management business. It was emphasized that futures companies should act as managers to actually manage asset management plans and curb the “channelization” of asset management business. In addition, the revised “Measures” have also further improved supervision and management and legal liability provisions, and made bridging arrangements for the supervision of futures companies listed and listed on domestic and foreign stock exchanges.