Caixin
Apr 19, 2022 05:19 AM
FINANCE

China to Scrutinize Foreign Businesses in the New Futures Market

China has been working on its first legislation to bring the domestic futures and derivatives market under better regulation and in line with international rules
China has been working on its first legislation to bring the domestic futures and derivatives market under better regulation and in line with international rules

Foreign businesses will have to obtain regulatory approval to market, promote and sell futures products in China, according to an updated draft of the country’s first law governing the futures and derivatives market.

The draft law on futures and derivatives was submitted Monday to the National People's Congress Standing Committee, the national legislature’s top decision-making body, for a third reading by lawmakers, usually the final step before a legislation is passed. The new law is expected to take effect by the end of the year.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00