According to the provisions of Article 17 of the Measures for the Administration of Futures Exchanges, a futures exchange is dissolved due to one of the following circumstances: (1) The business term stipulated in the articles of association expires; (2) The general meeting of members or shareholders decides to dissolve; (3) China Securities Regulatory Commission decided to suspend business. Where a futures exchange is dissolved due to the circumstances mentioned in Items (1) and (2) of the preceding paragraph, it shall be approved by the China Securities Regulatory Commission.