Study On Government Regulation And Self-regulation Of China's Futures Market

The establishment and improvement of futures market is the objective requirements of China's market economy development. Since China's first commodity futures exchanges established in 1990, the Chinese futures market has gone through ups and downs and development. After many years'experiments and rectification, the futures market has been gradually specified and demonstrated the importance of its existence and the necessary of its development. Coming into the 21st century, China's futures market is facing new opportunities to a rapid development. In this time while the financial crisis exists and stock index futures is upcoming, while the trading volume grows constantly, incomplete relevant laws and regulations, ineffective supervision, excessive administrative intervention, and obviously inadequate self-regulation, etc, all these things are restricting the further development of futures markets.Therefore, it has important and far-reaching significance to further improve the regulatory system of China's futures market by learning from the experience of mature futures markets, and analyze the interaction between the government regulation and self-regulation rationally, which will regular the operations of the market, promote its healthy and orderly development, and enhance the "flexible "and the overall risk-resisting ability of the national economy.Based on the above understanding, this paper will combine the practical characteristics, historical background and development needs of China's futures market, and make a rational analysis and exploration on how to build a reasonable regulatory system for realizing a virtuous combination of government regulation and self-regulation, on the basis of learning from the mature regulatory system and the experience of developed Western countries, so as to gain more useful exploration for China's futures market in the face of new development opportunities.