There are only four qualified futures exchanges in China: CICC, Zhengshang Exchange, Dashang Exchange and Shangshang Exchange. All members of the four major futures exchanges-haitong futures and other major futures companies. The relationship between them is similar to the relationship between Shanghai and Shenzhen stock markets and major securities firms. Opening an account can only go to the member units under the exchange, not directly to the exchange.
In terms of foreign exchange, limited by domestic policies, only banks and enterprises above designated size can enter the forward market in China, and small and medium-sized investors have no legal and compliant channels. To do foreign exchange transactions, you can only open an account through an overseas platform, and overseas brokers and platforms are supervised by the financial supervision department of the place of registration, not the domestic supervision department. Of course, there are also many fake platforms, and there is no supervision abroad.