The China Securities Regulatory Commission has issued revised supervisory measures for futures companies and a supporting implementation announcement, finalizing the framework after an earlier consultation. The rules classify activities as basic businesses, comprising domestic futures brokerage and futures trading advisory services, or trading businesses, comprising futures market making, futures asset management and derivatives trading. They also refine requirements for company establishment, structural changes and business authorization. The revised framework strengthens oversight of shareholders and actual controllers through enhanced disclosure and reporting obligations, and requires futures companies to improve governance, compliance, risk management and internal controls. It also tightens filing and supervision requirements for subsidiaries and branches, updates conduct rules for major business lines, and expands supervisory and legal liability provisions. The implementation announcement addresses applications to add regulated businesses, the treatment of overseas subsidiaries and transitional arrangements for relevant activities.
2026-09-11China Securities Regulatory Commission
China Securities Regulatory Commission issues revised futures company rules strengthening business, ownership and risk controls
The China Securities Regulatory Commission has issued revised futures company supervisory measures that classify activities into basic and trading businesses and refine business authorization requirements. The framework strengthens ownership transparency, governance, risk controls and oversight of subsidiaries and branches, while the accompanying announcement sets implementation and transition arrangements.