In May 2026 it published the Measures for the Supervision and Administration of Derivatives Trading (Trial) (the English title is our translation). These measures are the first departmental rule for the derivatives industry that Zhongguo Zhengjianhui supervises, and they set out in detail what the Futures and Derivatives Law authorized Zhongguo Zhengjianhui to provide1.

The same measures set administrative licensing conditions for securities companies and futures companies that apply for derivatives trading business. One condition is that net capital has stayed at 500 million yuan or more over the most recent 6 months. Zhongguo Zhengjianhui may adjust this minimum in line with the principle of prudential supervision1.

One point is easy to get wrong. The text of the Futures and Derivatives Law names the authority for futures as the "futures regulatory authority under the State Council", not as Zhongguo Zhengjianhui. The authorization to Zhongguo Zhengjianhui is what Xinhua's report conveys.

Notes

  1. Xinhuanet, "中国证监会发布《衍生品交易监督管理办法（试行）》" (in Chinese; Xinhua News Agency, May 15, 2026). That the measures are "中国证监会监管的衍生品行业首部部门规章" (the first departmental rule for the derivatives industry supervised by 中国证监会; our translation), that the law authorized 中国证监会, and the net capital condition and its adjustment. ↩ ↩2