Chapter I General Provisions Article 1 These Measures are formulated for the purpose of protecting the legitimate rights and interests of all parties involved in futures trading, ensuring the normal operation of the futures market and promoting the healthy development of futures trading. Article 2 The futures exchange of industrial means of production (hereinafter referred to as the exchange) is a place for organizing futures trading of means of production according to law, and it is a non-profit enterprise owned by the whole people as a legal person. The establishment of the exchange must meet the requirements of the office and be approved by the materials and equipment department. Article 3 An exchange shall organize transactions in accordance with the principles of openness, fairness and impartiality. Chapter II Establishment and Management of Exchanges Article 4 Exchanges must be sponsored by the circulation and production management departments of local governments in conjunction with relevant departments. Article 5 To apply for the establishment of an exchange, the following conditions must be met:

(a) the local government material circulation management department or the competent production department to apply;

(2) Trading varieties shall meet the following requirements: 1. The price fluctuates greatly; 2. Variety specifications are single, and quality standards should be unified; 3. There are a large number of spot transactions; 4. Have a large number of buyers and sellers;

(3) No more than two similar exchanges have been opened;

(4) The exchange is located in a city with developed economy and convenient transportation and communication;

(5) Having a suitable venue, good communication facilities and trading operating system;

(6) Having trained futures trading managers.

(seven) submit a detailed application report, including feasibility analysis report, operation plan and relevant rules and regulations. Article 6 ministry of materials and equipment is the examination and approval and management organ of the Exchange, and exercises the following functions and powers:

(1) Examining and approving the application report for the establishment of the exchange;

(2) Examining and amending the measures for the administration of the Exchange;

(3) To supervise, guide and manage the activities of the exchange. Article 7 The Equipment Department shall form an exchange management committee together with relevant departments, local governments and organizers. Article 8 The management committee shall perform the following duties:

(1) Examining and approving the articles of association and trading rules of the exchange;

(2) Examining and approving the membership of the Exchange;

(3) Coordinating and handling relevant policies and issues involved in the operation of the Exchange. Chapter III Organization Article 9 The Exchange shall set up a board of directors. The board of directors is elected by the general meeting of members, and the members are composed of member representatives and investors. It is the highest authority responsible for the operation of the exchange. Its functions and powers are:

(1) Proposing amendments to the articles of association and trading rules of the exchange;

(2) To decide on major internal affairs of the Exchange.

(3) Appointment of senior staff of the Exchange;

(four) to approve the units and enterprises with membership to become full members. Article 10 An exchange shall implement the president responsibility system under the leadership of the board of directors. The president is the legal representative of the exchange and is responsible to the board of directors. Article 11 An exchange may set up a board of supervisors and various professional committees as required to supervise and inspect the operation of the exchange. The board of supervisors or professional committees are responsible to the board of directors, and the members of the board of supervisors or professional committees are appointed by the board of directors. Chapter iv membership system article 12 the exchange adopts membership system. Article 13 A member of an exchange must meet the following conditions:

(1) An enterprise with legal person status. Hong Kong, Macao and Taiwan enterprises, Sino-foreign joint ventures, cooperative enterprises and foreign-invested enterprises. Foreign enterprises applying for membership must be examined by the CMC and submitted to ministry of materials and equipment for approval.

(2) Having registered capital suitable for the variety and mode of trading.

(3) Having a good business reputation.

Enterprises that meet the above conditions can become members after being examined and approved by the management committee and approved by the board of directors of the Exchange. Article 14 members of the exchange shall enjoy rights and perform obligations in accordance with the articles of association of the exchange. Article 15 The contracts signed by representatives of member markets on the Exchange shall be protected by these Measures after verification by the Exchange. Chapter V Trading Rules Article 16 An exchange must strictly follow the following principles in organizing transactions:

(a) the varieties listed for trading have clear specifications and quality standards;

(2) futures trading adopts standardized contracts;

(3) Organizing transactions according to the principle of open bidding;

(four) the implementation of margin and additional margin system;

(5) The Exchange is fully responsible for the performance of all contracts;

(6) The Exchange shall keep the trading records of each trading day, announce them to the Exchange Management Committee and ministry of materials and equipment, and accept the inspection. Article 17 When trading on the exchange, members must strictly abide by the following rules:

(1) After the transaction is completed, the handling fee shall be paid to the Exchange as required.

(2) When acting as a trading agent, members must truthfully record the customer's instructions, promptly instruct their market representatives to execute them, and keep daily trading records and other relevant materials.

(3) Members engaged in agency business may collect commissions and deposits according to relevant regulations, and the accounts of self-operated business and agency business must be separated.

(4) Members shall not disclose the contents of the customer manual to others, nor shall they inform their market representatives of the contents other than the customer manual (such as the company name, etc.). ).

(5) It is forbidden for members to directly represent customers in trading agents. Article 18 The Exchange prohibits the following acts:

(1) colluding privately to monopolize the market;

(2) manufacturing or disseminating false and misleading information;

(3) Forging, lending, altering, buying and selling various trading vouchers and documents;

(4) Other acts that directly or indirectly disrupt the market.