Proceedings of the 2nd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2017)

The Applicable Scope of China's Futures Legislation

Authors
Cheng Yong Liu
Corresponding Author
Cheng Yong Liu
Available Online September 2017.
DOI
10.2991/jahp-17.2017.24How to use a DOI?
Keywords
futures act; applicable scope; hedging risk; securities derivatives
Abstract

China's "Administrative Regulations on Futures Trading" have been facing many challenges in recent years, for example, the applicable scope is too narrow to cover OTC derivatives; secondly, the securities derivatives are under double jurisdiction of the Regulations and the "Securities Law", which has caused controversy on application of regulations. The legislative work of the "Futures Act" is proceeding in China, so the applicable scope of the "Futures Act" of China in the future shall be appropriate arranged based on fully understanding the market characteristics of futures and derivatives, that is, to "take the derivative contract of hedging risk mechanism" as its applicable scope, and include the OTC derivatives into management. For the issue of double jurisdiction of securities derivatives, it should be divided according to product characteristics, which means the "security-type" securities derivatives applicable to the provisions of the "Securities Law" and the "contract-type" securities derivatives are limited to "exchange traded product" or "OTC products with hedge risk trading mechanism" are provided by the "Futures Act" in the future.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2nd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2017)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
September 2017
ISBN
10.2991/jahp-17.2017.24
ISSN
2352-5398
DOI
10.2991/jahp-17.2017.24How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Cheng Yong Liu
PY  - 2017/09
DA  - 2017/09
TI  - The Applicable Scope of China's Futures Legislation
BT  - Proceedings of the 2nd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2017)
PB  - Atlantis Press
SP  - 104
EP  - 108
SN  - 2352-5398
UR  - https://doi.org/10.2991/jahp-17.2017.24
DO  - 10.2991/jahp-17.2017.24
ID  - Liu2017/09
ER  -