Business trends

Fang Xinghai, vice chairman of China Securities Regulatory Commission, said at the 17th China (Shenzhen) International Futures Conference on December 5th that we should strengthen our confidence to promote the construction of the futures market and serve the high-quality development of the real economy. He revealed that the futures and derivatives law is expected to be officially released after the third reading in 2022. We will promote the innovation of futures products such as carbon emission rights and new energy metals. Support industry leading companies to accelerate development and encourage qualified head futures companies to go public for financing. Improve the variety rule system. "Governing the market according to law is the key to the steady development of the futures market." Fang Xinghai said that since the beginning of this year, the formulation of the basic law of the futures industry has made a breakthrough. The futures law has passed the first reading and the second reading, and it is expected to be officially released after the third reading in 2022. Guided by the legislative framework and principles of the futures law, we should promote the improvement of institutional systems such as departmental rules and self-discipline rules, constantly consolidate the foundation of the rule of law in the futures market, and enhance the ability and level of managing the market according to law. It is necessary to take the promulgation of the futures law as an opportunity to strengthen the publicity and introduction of the service entities in the futures market, and to gather the consensus of all parties to develop the futures market.