Shaanxi Provincial Administration for Industry and Commerce:
Your request for instructions on the basis of punishment for illegal futures business (Shaanxi Industrial and Commercial Law Letter [2004]11No.) has been received. [1997] 0 10) has been received. After research. The answer is as follows:
First, the administrative department for industry and commerce should strictly implement the document No.69 of the State Council [1994] and insist on investigating and dealing with all kinds of illegal futures trading activities. According to Document No.69 issued by the State Council [1994], all kinds of futures consulting institutions and investment service enterprises and institutions are not allowed to engage in futures agency business. Offenders, depending on the seriousness of the case, may be fined alone or concurrently, and their illegal income shall be confiscated until their business licenses are revoked.
Second, the administrative department for industry and commerce in the process of investigating illegal futures trading, the illegal gains of illegal futures trading can be identified with reference to the relevant provisions of the document 19 1 [95] jointly issued by the State Administration of Foreign Exchange, the China Securities Regulatory Commission and the State Administration for Industry and Commerce.
July 26th, 1997