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Circular On Releasing The Revised Trading Rules Of The Shanghai Futures Exchange And Other Relevant Rules For The Introduction Of Market Order And Spread Order

Date 18/06/2026

The revised Trading Rules, Options Trading Rules, Risk Management Rules and Administration of Abnormal Trading Behaviors Rules of the Shanghai Futures Exchange have been adopted by the Board of Directors of Shanghai Futures Exchange (SHFE), and reported to the China Securities Regulatory Commission. These rules are hereby released and shall take effect on July 6, 2026.

The Market Order will be launched on July 6, 2026 (starting from the continuous trading hours on the evening of July 3). The introduction of Spread Order will be announced separately by the SHFE.

Please visit the official website of SHFE for the Chinese version. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.

Annexes:

1. Comparative Table

2. Trading Rules of the Shanghai Futures Exchange (revised)

3. Options Trading Rules of the Shanghai Futures Exchange (revised)

4. Risk Management Rules of the Shanghai Futures Exchange (revised)

5. Administration of Abnormal Trading Behaviors Rules of the Shanghai Futures Exchange (revised)