China has no specific law > derivatives trading, or similar regulations, and in recent years to revise the People's Bank Act >, > Commercial Banking Law, > and other laws as well as new Bankruptcy Bill nor derivatives trading to give due attention so far, China's financial derivatives is limited to the legal aspects of attention in October 2005 adopted the newly revised 'Securities Law >>, its derivatives transaction provisions of the new generalization is fragmentary our country on derivatives trading norms mainly scattered in the various regulatory authorities notified, Measures and other administrative normative documents, the legal effect levels so low that it can not effectively regulate these cross-border financial way of private banking institutions to provide consumers with a large number of domestic financial highly risky financial derivative products.