(1) takes a long time to open an account. First, when opening an account, some banks still fill in the form by hand, and once they fill it wrong, they have to fill it out again, which wastes time. Second, some business leaders are not familiar with the account opening process, and the materials are not fully prepared or do not meet the conditions for opening an account. Third, there are many internal approval links in the bank, and the cumbersome approval process takes too long, which directly affects the efficiency of opening an account. (2) The cost of opening an account is high. First, at present, the major financial institutions within their jurisdiction still have the problem of high fees for account opening and account management. From the field investigation, the related expenses of individual banks exceed 1 10,000 yuan, which is a heavy burden for newly established small and micro enterprises. Second, the fee waiver process of various financial institutions is cumbersome, with long cycle and poor customer experience.

Legal basis:

Provisions on the Administration of Customer Account Opening in Futures Market

Article 3 When a futures company opens an account for a customer, it shall examine the customer's account opening information to ensure that the account opening information is compliant, true, accurate and complete.

Article 4 China Futures Market Monitoring Center Co., Ltd. (hereinafter referred to as the Monitoring Center) shall, in accordance with these Provisions, formulate specific implementation rules related to the unified account opening business in the futures market and undertake the specific implementation of the unified account opening business in the futures market. A futures company shall apply for and cancel the trading codes of various futures exchanges for customers through the monitoring center, and modify the customer information related to the trading codes.

Article 5 The monitoring center shall establish and maintain a unified account opening system for customers in the futures market (hereinafter referred to as the unified account opening system), recheck the customer data submitted by futures companies, and forward the rechecked customer data to relevant futures exchanges.

Article 6 After receiving the application materials for customer transaction codes forwarded by the monitoring center, the futures exchange shall allocate, distribute and manage the customer transaction codes according to the business rules of the futures exchange, and feed back the processing results of various applications to the futures company through the monitoring center.

Article 7 The monitoring center shall establish a unified account opening code for each customer, and establish the corresponding relationship between the unified account opening code and the trading codes of customers in various futures exchanges.