A: According to the Regulations on Futures Management, China's futures market implements a national centralized and unified system, and China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) implements centralized and unified supervision and management of the futures market.

(1) The China Securities Regulatory Commission has centralized and unified supervision.

China Securities Regulatory Commission (CSRC) is the centralized and unified regulatory body of the national futures market. China Securities Regulatory Commission is responsible for the examination and approval of the establishment of futures exchanges and futures brokerage companies, and exercises vertical leadership over futures exchanges: futures exchanges and futures brokerage companies shall regularly submit financial and accounting statements, relevant materials and audit reports to China Securities Regulatory Commission.

(2) Self-discipline management of futures industry associations

The supervision and self-discipline management of futures industry associations to their members is an important supplement to government supervision, and they play an important role together with government supervision and management to ensure the normal operation of futures market.

(3) Front-line management and self-discipline management of futures exchanges

The self-discipline management of the futures exchange to its members and the trading activities of the futures exchange is the first-line management, which is the foundation and core of the whole futures market management system. The effectiveness of self-discipline management of futures exchanges is directly related to whether futures exchanges can realize their basic economic functions and plays an extremely important role in ensuring the competitiveness, efficiency and liquidity of the market.