Legal basis:
Regulations on the administration of futures trading
Article 1 These Regulations are formulated for the purpose of regulating futures trading behavior, strengthening supervision and management of futures trading, maintaining the order of futures market, preventing risks, protecting the legitimate rights and interests of all parties to futures trading and the interests of the public, and promoting the positive and steady development of futures market.
Article 2 Units and individuals engaged in futures trading and related activities shall abide by these Regulations. The term "futures trading" as mentioned in these Regulations refers to the trading activities in which futures contracts or options contracts are the trading targets by open centralized trading or other means approved by the the State Council Futures Regulatory Authority. The term "futures contract" as mentioned in these Regulations refers to a standardized contract uniformly formulated by futures trading places and agreed to deliver a certain amount of subject matter at a specific time and place in the future. Futures contracts include commodity futures contracts, financial futures contracts and other futures contracts. The term option contract as mentioned in these Regulations refers to the standardized contract uniformly formulated by the futures exchange, which stipulates that the buyer has the right to buy or sell the agreed subject matter (including futures contracts) at a certain price in the future.