Sound Oversight Needed In Futures Market - Official

China must ensure the futures market is managed according to market mechanisms and sound regulatory oversight, according to Fang Xinghai, vice chairman at the China Securities Regulatory Commission. Speaking at the China Futures Industry Association conference, Fang said the market had previously “paid the price” when the futures industry had deviated away from risk control and regulatory oversight. In future, the industry will focus on serving the real economy, supporting SMEs and promoting green transition and low carbon development. Fang noted the futures market had succesfully dealt with imported risks such as skyrocketing prices on the London Nickel market.