The China Securities Regulatory Commission is responsible for the business supervision of futures protection funds. The China Securities Regulatory Commission is responsible for the business supervision of futures investor protection funds and conducts regular inspections on the raising, management and use of protection funds. The China Securities Regulatory Commission is a ministerial-level institution directly under the State Council. In accordance with laws, regulations and authorization from the State Council, the China Securities Regulatory Commission uniformly supervises and manages the national securities and futures markets, maintains the order of the securities and futures markets, and ensures their legal operation.