CSRC: It is proposed that the net fundraising scale of futures asset management plans established by futures companies shall not exceed five times the net fundraising scale of asset management plans for futures and derivatives established by them.

The China Securities Regulatory Commission is studying and revising the "Measures for the Supervision and Administration of Futures Companies." Based on the feedback from previous public consultations, the "Measures for the Supervision and Administration of Futures Companies" have been formulated, and a draft "Notice on the Implementation of the Measures for the Supervision and Administration of Futures Companies" has been prepared as supporting implementation regulations. Public comments are now being solicited from the society. The main contents of this revision include increasing the "holding period" of futures companies' asset management business. In order to promote futures companies to focus on the main responsibilities and core businesses of asset management plans for futures and derivative products, and to curb the impulse and space for the "channelization" of asset management business, it is required that "the net fundraising scale of futures asset management plans established by futures companies shall not exceed five times of the net fundraising scale of asset management plans for futures and derivative products established by them."