Legitimate futures trading venues should be approved by the China Securities Regulatory Commission and subject to its supervision. Currently, the main ones are futures exchanges. Futures exchanges are institutions that provide venues, facilities, related services, and trading rules for futures trading. They are also important self regulatory agencies in the futures market and do not participate in futures trading themselves. At present, there are five futures exchanges in China, namely the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, China Financial Futures Exchange, and Guangzhou Futures Exchange. With the acceleration of innovation in China's futures market, the system of futures varieties in China is gradually becoming more diverse, and the futures varieties of important bulk commodities have all been listed for trading.
Only futures trading conducted through futures operating institutions approved by the China Securities Regulatory Commission and on futures trading venues approved by the China Securities Regulatory Commission is legal futures trading. Illegal futures trading is not protected by national laws, and investors should have a clear understanding of this before entering the market for trading.
In recent years, with the increasing crackdown on illegal futures activities, the methods used by criminals to engage in illegal futures activities have been constantly innovated, and the concealment of illegal futures activities has become increasingly strong. Investors can identify illegal futures activities from the following aspects before entering the market for trading.
One is to identify the subject's qualifications. According to regulations, conducting futures business requires approval from the China Securities Regulatory Commission and obtaining corresponding business qualifications, otherwise it is considered an illegal institution. Investors can search for information on legitimate futures operating institutions and their employees through the websites of the China Securities Regulatory Commission and the China Futures Industry Association, or verify relevant institution and personnel information with the local securities regulatory bureau.
The second is to identify marketing methods. Some criminals often claim to be "teachers" and "gods of hope", attracting investors with the idea that they can make a lot of money just by following them. Investors need to be aware that legitimate futures trading institutions are not allowed to engage in such false advertising. Investors should not believe this situation. Futures trading has high-risk characteristics and cannot guarantee a steady profit without loss.
Third, identify Internet addresses. The URLs of illegal futures websites often use letters and numbers with no special meaning, or use counterfeiting methods to transform or add letters and numbers on the basis of legitimate futures operating institution URLs. Investors can use the website of the China Securities Regulatory Commission or the website of the China Futures Industry Association to search for the websites of legitimate futures operating institutions and identify illegal futures websites. Investors should not log in to illegal futures websites to avoid falling into traps and being deceived.
The fourth is to identify the receiving account. Legitimate futures trading institutions can only conduct business in the name of the company and open bank accounts in the name of the company, while illegal institutions often open receiving accounts in the name of individuals. If someone asks an investor to give money to an account opened in their personal name, the investor can decisively refuse.
For investors, after being infringed by illegal futures activities, in order to recover losses as much as possible, safeguard their own rights and interests, and timely investigate and punish criminals, they should report to the local public security organs as soon as possible, or report to the local industry and commerce department and futures regulatory department. At the same time, they should pay attention to collecting and preserving evidence, such as call recordings, mobile phone messages, online chat records, emails, web pages, video materials, photos, contracts, remittance receipts, bank statements, payment vouchers, etc., which can be used as evidence. Investors can provide them to relevant government departments for the government to investigate and punish illegal securities and futures activities, and can also use them as evidence to claim rights against responsible persons.
Here, we would like to remind investors that criminals who cheat money often quickly flee or squander it, and the losses incurred may not be recovered. Therefore, it is best for investors to maintain a rational investment mentality, cherish their own money, be vigilant, actively stay away from illegal futures activities, and beware of being deceived.
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