According to China's laws, securities practitioners, cadres at or above the division level of state organs and servicemen are not allowed to participate in stock trading, but they can open fund accounts and buy and sell funds and bonds.
Article 127 of the Internal Affairs Regulations of China People's Liberation Army stipulates that soldiers are not allowed to engage in business, engage in other occupations, pyramid schemes and paid intermediary activities outside their own jobs, participate in for-profit cultural performances, commercial advertisements, corporate image endorsement and teaching activities, engage in securities trading and purchase lottery tickets by using working hours and office equipment, and provide portraits of soldiers for making goods without authorization.
Article 43 of the Securities Law of People's Republic of China (PRC) stipulates that employees of stock exchanges, securities companies, securities registration and settlement institutions, staff of securities supervision and administration institutions and other personnel who are prohibited from participating in stock trading by laws and administrative regulations shall not hold, buy or sell stocks directly or in the name of others or accept shares donated by others during their term of office or within the statutory time limit.
When becoming a person listed in the preceding paragraph, the shares already held by him must be transferred according to law.
Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.
The delivery date of futures can be one week later, one month later, three months later or even one year later.
A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.
The standardized contract made by the futures exchange stipulates that a certain quantity and quality of the subject matter will be delivered at a specific time and place in the future.
Futures commission: equivalent to the commission in the stock. For stocks, the expenses of stock trading include stamp duty, commission and transfer fees. Relatively speaking, the cost of engaging in futures trading is only the handling fee. Futures commission refers to the fees paid by futures traders according to a certain proportion of the total contract value after the transaction.