China Securities Regulatory Commission, Measures for the Regulation of Futures Companies

中国证券监督管理委员会期货公司监督管理办法

February 11, 2020 | BY

Susan Mok

Registered capital requirement for futures companies is raised

Clp Reference: 3700/19.06.04 Promulgated: 2019-06-04 Effective: 2019-06-04
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Promulgated: June 4, 2019

Effective: as of date of promulgation

Main contents: When applying to establish a futures company, its registered capital shall not be less than Rmb100 million (Article 6).

Where a major shareholder of a futures company is a legal person or an organization without legal personality, both its paid-in capital and net assets shall not be less than Rmb100 million (Article 7).

The net capital of the controlling shareholder or largest shareholder of a futures company shall not be less than Rmb500 million or its net assets shall not be less than Rmb1 billion (Article 9).

clp reference:3700/19.06.04 promulgated:2019-06-04 effective:2019-06-04

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