The underground speculation of crude oil reported by the media is essentially an electronic futures transaction in the name of spot trading. Relevant national laws and regulations, the State Council's Decision on Cleaning up and Rectifying Various Trading Places to Effectively Prevent Financial Risks, the State Council General Office's Implementation Opinions on Cleaning up and Rectifying Various Market Exchanges, and Notice of Ministry of Industry and Information Technology, Ministry of Commerce, State Administration for Industry and Commerce, and China Banking Regulatory Commission on Prohibiting Standardized Contract Trading in the Name of E-commerce, etc. It is clearly stipulated that no unit may engage in futures trading by centralized bidding, electronic matchmaking, anonymous trading, market maker, etc. except for places approved by the State Council futures regulatory authority according to law.
The Ministry of Commerce specially reminds investors not to listen to the illegal propaganda and inducement of any organization, pay attention to prevent risks and safeguard their own rights and interests.