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Significance of customer account opening management regulations in futures market to futures market
On 3 1, the CSRC issued the regulations on the management of customers in the futures market, which will take effect on September 1. This means that the futures market will open accounts in a unified way. Market speculation, this move may be related to stock index futures.

Unified account opening in the futures market has nothing to do with the introduction of stock index futures. It doesn't matter because unified account opening is a normal work to standardize the development of the futures market and is conducive to improving the efficiency of the market; It is important because unified account opening is helpful for real-time monitoring in the future, which is good for the introduction of stock index futures. On September 1, the Regulations on the Management of Customer Account Opening in Futures Market was officially implemented, which clarified the unified account opening scheme and process in the futures market and required the real-name registration system for account opening. For the original customers and corporate customers who have not upgraded the system, the verification will be carried out in stages in the future.

According to the regulations, when a futures company opens an account for a customer, it applies to the futures exchange for a trading code through the China Futures Margin Monitoring Center Company. The monitoring center rechecks the customer data through the online ID card inquiry system of the Ministry of Public Security and the inquiry system of the national organization code center, and forwards the rechecked customer data to the futures exchanges. The futures exchange assigns trading codes to customers according to its business rules, and feeds them back to the futures company through the monitoring center, and finally completes the whole account opening process.

In addition, the CSRC has made it clear that the current requirements for maintaining the valid identity documents of individual customers to open accounts are Chinese resident identity cards.

This system is not only conducive to improving the efficiency of opening accounts in the futures market and saving social costs, but also conducive to promoting the strict implementation of the real-name registration system registration system and market access system in the futures market and standardizing the market order from the source. In addition, the system is also conducive to the centralized and unified management of customer information in the futures market, thus laying a better foundation for analyzing market trading behavior, monitoring market risks and preventing market manipulation.