China Futures Association

China Futures Association

The China Futures Association (CFA) is a national self-regulatory organization representing Chinas futures industry. Established in 1988 in Beijing, the CFA is the only professional futures industry organization in Mainland China. It is a non-profit legal entity and is composed of corporate and individual members, including futures companies, brokers, asset management companies, issuers, futures exchanges, anchor investors, research institutions, and industry professionals.

CFA’s aim is to regulate the activities of futures players in China and promote fair competition in the marketplace. By setting various rules and standards, CFA aims to establish trust among players in the futures market and ensure sound development of the futures market as a whole.

CFA’s main duties include:

1. Promoting the sound development of the futures industry and protecting the futures market;

2. Protecting the legitimate interests of futures companies, their customers and other market players;

3. Guiding the self-discipline of futures companies and the proper conduct of futures market business;

4. Administering membership approval processes and providing related services;

5. Collecting and circulating information related to the futures industry;

6. Submitting industry analyses to the regulator and providing suggestions for industry policies;

7. Instituting systems for settling disputes and grievances in the futures industry;

8. Promoting friendly exchanges and collaborations with international professional organizations.

In addition, CFA regularly undertakes activities to improve the services to customers, the quality of products, and the compliance and vigilance of futures industry players. It is also actively involved in organizing diverse training, academic seminars and business consultations designed to further professional and practical knowledge for the players in Chinas futures industry.

Since its days of establishment, CFA has made significant efforts to promote mutual understanding and communication among players in Chinas futures industry, and facilitate the development of the industry and the commercial environment. Its various accomplishments and contributions over the years have helped to ensure the legal and sound operation of Chinas futures market, while giving much assistance to the improving financial regulatory system in the country.

The China Futures Industry Association (CFIA) is comprised of members that are engaged in futures trading. The Association is led by Chairman Jiang Simin, and Vice presidents Li Jun, Wang Hanning, Zhang Qun and Cao Naizhong. It currently consists of 34 leading financial groups, 15 industry organizations and professional member units, as well as over 400 individual members.

The CFIA is a legally registered institution and is subject to oversight from the China Securities Regulatory Commission. The organization’s mission is to promote the sustainable development of the futures industry in China, to adhere to the principle of fairness and justice for all, and to ensure that the futures trading market remains centered on quality and integrity.

The Association takes an active part in formulating relevant policy for the industry, formulating and revising regulatory measures and industry standards, engaging in exchanges and cooperation between international and domestic futures associations, and participating in international futures trading activities. At the same time, the CFIA is in charge of self-dislcpline, supervision, arbitration and solving disputes within the futures market, as well as providing services such as training, trade consultancy, information dissemination and academic research.

In order to strengthen its research of the industry, the CFIA recently established the Futures Research Institute, which is dedicated to the research and development of futures technology and the analysis of domestic and international financial markets. In addition, the Association also sponsors industry seminars and conferences on a regular basis in order to promote the continuing education and training of members.

The CFIA continues to lead in the advancement of the futures industry in China, working to create regulations and norms that promote healthy and sustainable development and to create a sound trading environment for its members.