China’s Futures Market Legal Regulatory Issues And Countermeasures Research

Establishment and improvement of the futures market, is the objective requirements, China’s economic development and economic system reform in1990, our country appeared the first futures exchanges-Shenzhen Nonferrous Metals Exchange, opened the door of the futures market of our country, has gone through24years, the country has issued a series of strengthening the management of the futures market opinion, regulations, China’s futures market from small to large, from disorder to specification, from depression to prosperity, the importance and necessity in our country economy increasing. In21, the State Council put forward clearly to the steady development of the futures market, futures market has been developing rapidly, the market is increasing. But at the same time, because the relevant laws and regulations are not perfect, the absence of government regulation, the defects of administrative intervention and the futures market itself, once the economic crisis and other issues, China’s futures market inevitably restricted and impact.Chinese futures market is an emerging financial market, the legal system is gradually improving and perfecting, but in a short period of time to catch up with the developed countries there is still a certain gap. The current judicial practice, domestic law, the futures market and Futures Law is not high enough in the degree of attention, compared with the developed degree and the construction of the international legal system, the domestic futures market needs a process of continuous improvement; compared to other areas of the financial market, the level of Chinese futures market and legal system there is still great room for improvement.Therefore, based on the necessity of legal supervision of the futures market, with816Everbright event as an example, reviews the development course of China’s legal supervision of futures market, analysis of the current legal regulatory problems, such as the relevant laws and regulations supporting incomplete, effective supervision of government regulation failure, excessive administrative intervention, self-discipline is obviously insufficient current situation, explore ways to establish effective futures market supervision system, and at present how to build China’s ideal futures market supervision system, to explore the effective implementation of government regulation of benign combination of strength and market discipline resources, and puts forward some improvement suggestions.This paper analyzes the current legal supervision Chinese futures market, Chinese futures market as an emerging market, the legal construction from the experiences and lessons of developed countries futures market supervision, such as the UK and American areas, and actively explore the best balance between regulation and market development. In this paper, on the basis of analysis and research, pointed out that China’s current legal regulatory system and problems, using the related theory with practice, put forward the countermeasure and suggestion to perfect the legal supervision system Chinese futures market, this is this article innovation and intention, in order to China’s legal construction of the futures market to avoid detours, to improve the efficiency of supervision, to achieve regulatory objectives.