Circular On Self-Regulatory Measures Taken By CFFEX In December 2021

To prevent market risks, maintain the orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in December 2021.

CFFEX handled 15 cases of abnormal trading activities with 24 clients involved, including 5 cases of self-trade, 6 cases of frequent placement and cancellation of orders, 2 cases of placement and cancellation of large orders, 1 case of aggregate position held through actual control accounts exceeding applicable position limit, and 1 case of intraday excessive trading. 14 clients were suspended the opening of new positions, and 7 members received reminders via telephone.

CFFEX handled 5 cases of trading limits violations, and took measures against 5 groups of Actual Control Accounts with 13 clients involved by suspending their opening of new positions.

CFFEX handled 5 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 5 clients involved by requesting rectification within a prescribed time period, requesting reporting, requiring the attendance at a cautionary interview, and suspending the opening of new positions, among others.