Futures market is an advanced form of spot market development and a powerful tool to avoid risks. China futures market consists of China Securities Regulatory Commission, futures exchange, futures brokerage companies, hedgers and speculators.

main body

All kinds of investors involved in futures trading include hedgers and speculators.

China Securities Regulatory Commission (CSRC)

China Securities Regulatory Commission is a national administrative body. Responsible for formulating macro-management policies, monitoring market risks, examining and approving trading rules and listed products of futures exchanges, futures brokerage companies and futures exchanges, and appointing senior managers of futures exchanges.

Brokerage company

The futures brokerage company is an independent legal person approved by the China Securities Regulatory Commission and registered with the State Administration for Industry and Commerce. A futures brokerage company shall be a member of at least one futures exchange. According to the regulations of China Securities Regulatory Commission, futures brokerage companies cannot engage in proprietary trading, but can only act as trading agents for customers. It is an intermediary that collects commissions, accepts customer orders and completes transactions through the exchange.