Caixin
Apr 22, 2022 09:00 PM
FINANCE

Three Things to Know About China’s New Futures Law

China’s Futures and Derivatives Law was approved Wednesday.
China’s Futures and Derivatives Law was approved Wednesday.

China has passed its long-awaited Futures and Derivatives Law, aiming to better regulate the burgeoning market and bring rules more in line with international norms.

The law (link in Chinese) — China’s first to specifically regulate the futures and derivatives sector — was approved Wednesday by the National People’s Congress’ Standing Committee, the national legislature’s decision-making body. It will come into effect on Aug. 1.

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