More than 50 penalty notices issued in the third quarter, as strict regulation of the futures industry continues.

In the third quarter of 2026, the futures industry maintained a high-pressure regulatory stance. According to incomplete statistics by the reporter, from July to September, various dispatched agencies of the China Securities Regulatory Commission issued a total of 40 regulatory measure decisions against futures industry institutions, and the China Futures Association issued 12 disciplinary decisions, covering futures company headquarters and branches as well as asset management subsidiaries across multiple provinces nationwide, continuing the trend of strict supervision. According to Huang Xuelian, Chief Risk Officer of Xinhu Futures, the penalties in the third quarter were concentrated in five major areas: asset management, intermediary management, internal control and risk management, internet marketing management, and integrity in practice. Specific violations included failure to effectively perform active management duties, non-standard business record-keeping and information disclosure, lack of decision-making basis for transactions, inadequate risk control for programmatic trading of asset management products, intermediaries illegally participating in customer acquisition and services, internet marketing materials not being reviewed, incomplete live-streaming records, third-party cooperation not being reported, non-standard customer acquisition methods, and fees linked to commissions.