Customer owned. According to the "Regulations on the Administration of Futures Trading" and the "Measures for the Administration of Futures Exchanges", the margin charged by futures companies to customers shall not be lower than the standards stipulated by the State Council Futures Regulatory Authority and Futures Exchanges, and shall be kept separately from their own funds. The margin collected by the futures exchange from members belongs to the members, and it is strictly prohibited to use it for other purposes than the settlement of members' transactions. The margin charged by the futures company to the customer belongs to the customer, except for the following transferable circumstances.