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 During the time, due to market development and other reasons, several business rules were abolished, replaced or no longer applicable.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evaluation and analysis of the existing business rules, abolished the business rules that have been replaced or no longer applicable, and made a list of all the rules that have been abolished this time and previously.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.