Substantial Revision Of Textbooks On International Trade Law

　　 WTO The Doha Round negotiations have been difficult for many years, and many regional trade agreements, including China's FTA, are in the ascendant, forming new rules of higher international trade and challenging the original multilateral trading system. Under the background of "post WTO", in order to fill the "textbook vacuum" of legal personnel training in international trade, the Shanghai version of the international trade law textbook was launched. revise It will be the largest new edition in 20 years.

In 1994, Zhou Hanmin, the honorary Dean of the Law School of Shanghai foreign economic and Trade University, served as the editor in chief, and compiled the first edition according to the style of "Three Laws in parallel" in goods trade, service trade and technology trade. international trade law " Since then, it was revised again in 2005. Now, with the emergence of the trans Pacific Strategic Economic Partnership Agreement (TTP), the trans the Atlantic trade and investment partnership agreement (TTIP), and the international service trade agreement (TISA) "3T", the textbook of international trade law, which used WTO as the leading trade organization, has lagged behind.

As a key subject and city quality course project, the latest edition of the international trade law is composed of experts from academics and practitioners from Shanghai foreign economic and trade university and Fudan University. At the same time, we will launch the online education platform that can be updated and supplemented in real time with the help of traditional teaching materials, including graph culture and supplementary electronic data packages.

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Zhou Zhengqing, former chairman of the China Securities Regulatory Commission, said in his written speech to the Tenth China (Shenzhen) International Futures conference in 2014 that the current legislative conditions of the Futures Act are ripe and should be speeded up to ensure the healthy development of China's futures market.

Zhou Zhengqing pointed out that due to the particularity of China's market development, there are many difficulties to be solved in the legislation of Futures Law. For example, the scope of legal challenges. In order to improve the multi-level capital market system and meet the needs of multi-level risk management, the futures law should not be confined to the futures market only, but should also include other qualified OTC derivatives markets in the field of adjustment, taking the field as the main consideration and taking into account the off-site market. At the same time, we should standardize foreign futures trading and work hard to formulate a futures and related derivatives basic law.

In terms of centralized settlement, Zhou Zhengqing believes that the futures law should unify the settlement rules shared by four exchanges, establish a principled framework, and gradually establish a unified settlement system, so as to improve transaction efficiency.

According to its introduction, at present, there are no independent clearing houses in China's futures market, and four exchanges have set up a settlement system to carry out settlement business respectively. Zhou Zhengqing believes that under the current settlement system, Futures Company needs to deposit funds and settlement reserves in every exchange, and these funds can not be invoked each other, increasing the cost of capital and management costs. At the same time, exchanges and clearing standards differ among all exchanges, which are not conducive to controlling systemic risks nationwide.