Companies, Exchanges and Transactions: Regulating the Re-emergence of China's Financial Futures Industry

| BY

clpstaff &clp articles

The Futures Companies Measures are particularly helpful in examining and understanding the re-emergence of the financial futures industry in China and the evolving regime that will regulate its practice.

By Michael G. DeSombre, Robert Chu and Yingmao Tang
Sullivan & Cromwell LLP, Hong Kong and Beijing

Earlier this year, the China Securities Regulatory Commission (CSRC) promulgated the Measures for the Administration of Futures Companies (期货公司管理办法)(Futures Companies Measures), which became effective on April 15 2007, as part of an impressive flurry of legislative and rule-making activities that have yielded a far-ranging array of regulations, measures and other rules concerning futures companies, futures exchanges and their activities. It is both symbolically and substantively significant that the Futures Companies Measures have taken effect on the eve of the expected launch of stock index futures as the first product on the newly established China Financial Futures Exchange (CFFEX) in Shanghai.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]