In the third quarter of 2026, futures industry regulation remained under pressure. According to the reporter's incomplete statistics, from July to September, the various agencies dispatched by the China Securities Regulatory Commission issued a total of 40 regulatory action decisions against futures industry institutions, and the Mid-term Cooperation issued 12 disciplinary decisions, covering futures company headquarters, branches, and asset management subsidiaries in many provinces across the country. The strict supervision situation continued. According to Huang Xuelian, chief risk officer of Xinhu Futures, the third-quarter fines focused on five major areas: asset management, intermediary management, internal control and risk management, internet marketing management, and clean business. Specific irregularities include failure to effectively perform active management duties, irregular business marks and information disclosure, lack of basis for decision-making, inadequate risk management and control of asset management product programmatic transactions, illegal participation of intermediaries in customer acquisition and services, unreviewed internet marketing materials, incomplete live streaming, unreported third party cooperation, irregular drainage methods, and links between fees and fees.