Draft of futures law signals market development By SHI JING in Shanghai | China Daily | Updated: 2021-04-27 09:08 Share A pedestrian passes the Shanghai Futures Tower. [Photo provided to China Daily] China's first futures law, a draft of which was submitted to the country's top legislator on Monday for initial revision, is expected to regulate and further promote the development of the futures market in the country, experts said. The Standing Committee of the 13th National People's Congress, China's top legislature, began its 28th session on Monday. During the four-day session, the purposes, principles and supervision mechanism of the futures law will be reviewed. The legislature will also review stipulations for trading, settlements and transactions, basic mechanism for other derivatives trading, protection for futures investors, futures management institutions and trading venues.