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Without the permission of the futures exchange, no unit or individual may set up a futures exchange or set up a futures exchange in disguise.
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The provisions of Article 6 of the Regulations on the Administration of Futures Trading shall be examined and approved by the the State Council Futures Regulatory Authority.

Without the approval of the futures regulatory authority of the State Council or the State Council, no unit or individual may set up a futures trading place or organize futures trading and related activities in any form.