现行中国期货市场法律监管之完善

The Improvement of the Existing Legal Supervision of Chinese Futures Market

期货市场既是一个规避风险的市场,也是风险投机的市场。有效的法律监管才能保证其对市场风险的兼容性。风险管控和市场公正彰显了期货市场的本源性价值,是构建期货市场法律监管体系的基石。我国现行《期货交易管理条例》统领下的监管内容已逐步演变为期货市场持续发展的制度性障碍,破解障碍的唯一办法只能是寻求制度上的变革。重构现行期货市场的法律监管,制定《期货法》以回应现实需求,将是我国期货市场法治建设的必然选择。

Effective legal regulation ensures the compatibility of its market risk.Risk control and market integrity demonstrate the origin value of the futures market,and it is the foundation of legal and regulatory framework of futures market.Under Chinese existing "Exchange Management Regulations",the regulatory elements have gradually evolved into the institutional barriers to sustainable development of futures market.The only way to break barriers is to seek institutional change.Reconstruction of the existing legal and regulatory of futures market and creation of "Futures Act" to real needs will be the inevitable choice in Chinese futures market.