Investors shall not be entitled to protection under the state law for the infringement of their rights and interests if they take part in the trading through a non-state approved venue in the disguise of a financial futures trading platform. Therefore, to protect their own interests, investors must trade their financial futures through a legitimate site approved by the state.

In China, the stock index futures trading must be conducted at the China Financial Futures Exchange (CFFEX). With the approval of the State Council and the authorization of the China Securities Regulatory Commission (CSRC), the CFFEX was jointly founded by Shanghai Futures Exchange (SFE), Zhengzhou Commodity Exchange (ZCE), Dalian Commodity Exchange (DCE), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE), with the operating philosophy of “fairness, justice and openness”. Currently, it is China’s sole legitimate exchange running financial futures products.