CSRC drafts document for futures companies

The China Securities Regulatory Commission released a draft document on Friday that confirmed the rules for Chinese futures companies bringing in outbound shareholders and setting up overseas institutions.

The draft document also said that China will encourage overseas clients taking part in domestic futures trading.

According to the document, the regulator would streamline administration and reduce barriers, as well as perfect the business areas of futures companies.

CSRC spokesman Deng Ge said the aim is to improve the service capability and international competitiveness of Chinese futures companies.

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