Among them, it is mentioned that futures companies shall not establish subsidiaries to engage in activities unrelated to futures trading or derivatives trading, except in cases approved by the financial supervisory and regulatory agency under the State Council to engage in financial business and circumstances approved by the China Securities Regulatory Commission. Domestic subsidiaries engaged in business shall comply with the regulations of the China Securities Regulatory Commission and other relevant departments. Domestic subsidiaries are not allowed to establish any more subsidiaries, and overseas subsidiaries can only establish first-level subsidiaries.

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