Commodity and Financial Futures Markets

This chapter focuses on the disputes in some aspects of the commodity and financial futures market and examines the way in which the disputes are dealt with by the people&s;s courts. It shows that one of the guiding principles is to deal with these cases fairly and to correctly balance and protect lawful rights and interest of the parties. The financial futures market developed in parallel with the commodity futures market in early years of China&s;s futures market. In June 1993, the State Administration of Foreign Exchange issued the Trial Measures for the Administration of Foreign Exchange Futures Business, which set out basic regulatory rules concerning foreign exchange futures and foreign exchange deposit trading. After the emergence of the futures market, disputes arising from futures trading increased sharply in the first few years and began to flood into the people&s;s courts. These disputes involved new and difficult issues that the people&s;s courts had not dealt with before.