Internationally, the difference between a member-based futures exchange and a company-based futures exchange is generally manifested in three aspects: (1) whether it is for profit. Membership futures exchanges are usually not for profit; Enterprise futures exchanges usually aim at profit and pursue the maximization of exchange profits. (2) The applicable law is different. Membership futures exchanges generally apply the relevant provisions of civil law; Company-based futures exchanges should first apply the provisions of the Company Law, and only when there is no provision in the Company Law can the General Principles of Civil Law be applied. (3) The decision-makers are different. The authority of a membership-based futures exchange is the general meeting of members, while that of a company-based futures exchange is the general meeting of shareholders. The permanent authority of the membership futures exchange is the board of directors, and the permanent authority of the corporate futures exchange is the board of directors.