Circular On Self-Regulatory Measures Taken By CFFEX In July 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 July 2021.

CFFEX handled 13 cases of abnormal trading activities with 15 clients involved, including 5 cases of self-trade, 7 cases of frequent placement and cancellation of orders, and 1 case of intraday excessive trading. 11 clients were suspended the opening of new positions, and 4 members received reminders via telephone.

CFFEX handled 11 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 11 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others.