China Financial Futures Exchange (CFFEX) recently selected the Outstanding Members for 2020 based on comprehensive appraisals to set examples for the market and commend members that have delivered excellent performance in ensuring safe market operation, promoting market functioning, deepening market reform and innovation, performing customer management duties, carrying out investor education, fighting the pandemic, and alleviating poverty. A total of 60 members received awards including Platinum Award, Gold Award, Risk Management Award, Technical Management Award, Reform and Innovation Award, Growth Award, Investor Education Award, Pandemic Response Award, and Poverty Alleviation Award. CFFEX hereby congratulates all award-winners and hopes that all members will make ever-greater contributions to the high-quality development of the financial futures market.

The year 2021 marks not only the centennial of the Communist Party of China (CPC), but also the first year of the 14th Five-Year Plan period that starts a new journey to build China into a modern socialist country in all aspects. At this moment when the two centenary goals converge, CFFEX will continue to uphold the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and implement the guiding principles of the Fifth Plenary Sessions of the 19th CPC Central Committee and the Central Economic Work Conference. With a holistic view encompassing both domestic and global conditions, CFFEX will adapt to the new development stage, apply the new development philosophy, and align with the new development paradigm. Bearing in mind the principle of pursuing progress while ensuring stability and with systematic thinking, CFFEX will continue its endeavor to fully implement the requirements of the CPC Committee of the China Securities Regulatory Commission (CSRC), and the CSRC’s principle of “Four Awes” and “One Synergy”. CFFEX will coordinate efforts with respect to pandemic prevention, risk management, and market development, and continue to improve comprehensive quality management and operations maintenance with smart technologies to better cope with challenges ahead. Through these efforts, CFFEX strives to maintain the sound and stable operations of the financial futures market, and facilitate improved market functioning, so as to contribute to the high-quality development of the capital market and the national economy and deliver great performance to celebrate the centennial of the CPC.

Embarking on this new journey, CFFEX will, together with all members, continue to strive for the sustainable, healthy and stable development of the financial futures market.

Appendix: List of Outstanding Members for 2020

China Financial Futures Exchange

March 11th, 2021

In order to implement the requirements of the CPC Central Committee on “creating a standardized, transparent, open, vigorous and resilient capital market and improving the capital market’s basic regulatory framework” and under the coordinated planning of China Securities Regulatory Commission(CSRC), in 2020 China Financial Futures Exchange (the “Exchange”) initiated a systematic clean-up of the rules and regulations and issued the Notice on Abolishing Several Business Rules of China Financial Futures Exchange on February 10, 2021, which announced 69 abolished business rules to improve transparency and serve the financial futures market.

Since the listing of CSI 300 index futures in 2010, the Exchange has continuously improved and optimized its regulatory framework based on business operations, products and market demands, and has formulated and revised its business rules for several tomes. As of February 10, 2021, the Exchange has formulated 29 rules and relevant implementation rules, 14 guidelines and 147 notices. During the time, due to market development and other reasons, several business rules were abolished, replaced or no longer applicable. In order to adapt to the new environment and requirements of market development and regulation and to clarify the implementation status of the business rules, the Exchange has conducted a comprehensive evaluation and analysis of the existing business rules, abolished the business rules that have been replaced or no longer applicable, and made a list of all the rules that have been abolished this time and previously. The clean-up of business rules will help market participants to have a better understanding of the Exchange’s rule system.

Next step, under the leadership of CSRC and guided by the goal of market-based and law-based development and internationalization, the Exchange will accelerate the pace to build a mature rule system for financial futures market, so as to provide a solid legal foundation for the healthy development of the market.