Article 16 of the Trial Measures for the Management of Risk Supervision Indicators of Futures Companies stipulates that if a futures company borrows subordinated debt, it may include the borrower's subordinated debt in its net capital according to the proportion stipulated by the China Securities Regulatory Commission. Long-term loans with the nature of subordinated debts borrowed by futures companies from shareholders or their affiliated enterprises can be included in the net capital according to the proportion stipulated by the China Securities Regulatory Commission when calculating the net capital.