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This is to confirm that your Request for Instructions on the Listing of Fireboard and Plywood Futures Contracts on Dalian Commodity Exchange (Da Shang Suo Fa [2013] No. 279) has been received. The following reply has been issued in accordance with relevant stipulations of the Regulations for the Administration of Futures Trading and the Measures for the Administration of Futures Exchanges:
1. We approve the listing of fireboard futures contracts and plywood futures contracts on your Exchange.
2. The specific time for the listing of fireboard futures contracts and plywood futures contracts may be decided by your Exchange based on market conditions and the progress made in various preparations.
3. Your Exchange should, with the attitude of being highly responsible, provide all necessary supports and effectively prevent and appropriately solve any possible market risk, so as to ensure the successful listing of the fireboard futures and the ply wood futures.
4. After the listing of fireboard futures and plywood futures, your Exchange should, in line with the fundamental requirements of serving the real economy, keep a close eye on relevant spot markets, effectively perform your duties as a supervisor and servicer in such important process as trading, clearing, delivery, and inspection, and continue to do well in market training and investors cultivation.
Your Exchange is required to report to the CSRC in the case of any major incidents that occur in the course of sponsoring the trading of fireboard futures contracts and plywood futures contracts.
China Securities Regulatory Commission
