The China Futures Association (CFA) is a membership organization under the
China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China. It is the main regulator of the securities industry in China.
History
Indicative of the role of the C ...
(CSRC), which regulates and supervises the
futures industry in
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
. It is established as a
nonprofit organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...
in which all Chinese futures companies are required to be members, and self-describes as a
self-regulatory organization
Self-regulation may refer to:
*Emotional self-regulation
*Self-control, in sociology/psychology
*Self-regulated learning, in educational psychology
*Self-regulation theory (SRT), a system of conscious personal management
*Industry self-regulation, ...
.
The CFA is one of three major membership organizations under the CSRC, together with the
Securities Association of China (SAC) and
Asset Management Association of China (ACAM).
Overview
The CFA was established on in
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...
, in accordance with China's Regulations on the Registration and Management of Social Organizations. It is governed by the General Meeting of its members and by a standing authority, the council, composed of 17 professional committees: as of early 2025, these are respectively on (1) Brokerage Business, (2) Asset Management, (3) Derivatives Traders, (4) International Business, (5) Information Technology, (6) Self-regulatory Supervision, (7) Appeals, (8) Dispute Resolution, (9) Talent Cultivation, (10) Investor Education & Protection, (11) Research & Development, (12) Financial Technology, (13) Law, (14) Social Responsibility, (15) Cultural Development, (16) Talents Cultivation Fund Management Committee, and (17) Investor Education Fund Management Committee. The CFA's roles include education, training and organization of its membership; rulemaking, supervision and enforcement; mediation of disputes with customers; and representation of the membership's interests.
The CFA is led by its chairman, several vice chairmen, and the secretary general. The organization has 11 functional departments: (1) General Office, (2) Discipline Inspection Office, (3) Membership I, (4) Membership II, (5) Self-regulatory Supervision, (6) Innovation Business, (7) Investor Education, (8) Examination and Certification, (9) Research, (10) Training, (11) Information Technology.
[
As of end-2017, the CFA had 285 regular members, 5 special members, and 72 affiliate members, adding up to a total 362 members. Regular members include futures companies, securities firms, assets managers, risk management companies, and private equity funds. The special members are China's four futures exchange ( DCE, SHFE, ZCE, and CFFEX) plus the China Futures Market Monitoring Center (CFMMC). Affiliate members include local associations, banks, software developers, and technology service providers among others.]
See also
* National Association of Financial Market Institutional Investors
* China futures market
References
External links
Official website
Official website
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Professional associations based in China
Finance in China
Finance industry associations