Futures are under the control of the CSRC. As long as you are not listed as a prohibited person in the futures industry by the CSRC or the futures industry association, you can do futures.

Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with some bulk products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.