China Futures Margin Monitoring Center Co., Ltd (CFMMC) was established upon approval of the State Council and the authorization of CSRC. Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange provide financial support. CFMMC is a non-profit corporation registered with the State Administration for Industry and Commerce on March 16, 2006. It is under [...] [ more info ]

China Futures Association (CFA) was founded on December 29, 2000. CFA is a national non-profit, self-regulatory organization for the futures industry in accordance with the regulations on the “Registration and Management of Social Organizations”. CFA acts as the bridge between the government and the futures industry, provides service for futures industry and protects the legal [...] [ more info ]

The Securities Association of China (SAC) is a self-regulatory organization for securities industry established according to relevant provisions of the “Securities Law of the People’s Republic of China” and the “Administrative Regulations on the Registration of Public Organizations”. SAC is a non-profit institution established on August 28, 1991, under the guidance and supervision of the [...] [ more info ]

The China Securities Investor Protection Funds Corporation was launched on August 30, 2005 with a registered capital of RMB6.3 billion funded by the State Council via the Ministry of Finance (MOF). It is under the regulation of the China Securities Regulatory Commission (CSRC). Its major responsibility is to raise, manage and operate Securities Investor Protection [...] [ more info ]

State Administration of Foreign Exchange [ more info ]

National Association of Financial Market Institutional Investors (NAFMII) was founded on September 3, 2007, under the approval of the State Council of China. NAFMII aims to propel the development of China OTC financial market, which is composed of interbank bond market, inter-bank lending market, foreign exchange market, commercial paper market and gold market. [ more info ]

Shibor (Shanghai Interbank Offered Rate) is calculated, announced and named on the technological platform of the National Interbank Funding Center in Shanghai. It is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of banks with a high credit rating. Currently, the [...] [ more info ]