Since the beginning of this year, the dynamic news of futures law legislation has been coming. In September, Fang Xinghai, vice chairman of China Securities Regulatory Commission, said at the sixth general meeting of the Shanghai Futures Exchange that the industry has been expecting the completion of the legislation of the Futures Law and the formulation of the Futures Law is also accelerating.

Fang Xinghai said that at present, the legal and regulatory system of the futures market is becoming increasingly sound. Through continuous practice and improvement, a regulatory system with China characteristics and in line with international practice has been established, with the Regulations on the Administration of Futures Trading as the core, the departmental rules and normative documents of the CSRC as the main body, and the futures industry regulations, futures exchange regulations and trading rules as the supplements.

A few days ago, Zhang Shenfeng, assistant chairman of the CSRC, said that in the next step, the CSRC will promote the revision or formulation of the Securities Law, the Futures Law and the Regulations on the Administration of Private Equity Funds. This shows that the legislative process of futures law is expected to accelerate.