CSRC: All financial businesses conducted by domestic subsidiaries will be brought under the operation of futures companies to strengthen the supervision of shareholders and ultimate controlling shareholders.

The China Securities Regulatory Commission publicly solicits opinions on the "Regulations on Supervision and Management of Futures Companies" and the accompanying implementation rules. The main revisions of the "Regulations" include: all financial businesses conducted by domestic subsidiaries will be brought under the operation of futures companies. In order to implement the legal provisions and adhere to the principle that financial businesses can only be conducted by licensed institutions, the futures market-making trading and derivative trading businesses, originally operated by risk management subsidiaries and approved for access by the Futures Industry Association, will now be operated by futures companies. Licensing access and administrative supervision will be implemented, and the basic rules for activities such as futures market-making trading will be clarified.