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To facilitate the further participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively referred to as “Qualified Foreign Investors”, or QFIs) in the trading of commodity futures and options of Dalian Commodity Exchange (DCE), DCE is hereby notifying the following matters:
1. Banks with futures margin depository qualification for domestic clients of DCE can directly engage in the futures margin depository business for QFIs (please see attachment for the list of designated depository banks);
2. Futures Company Members entrusted by QFIs to trade DCE’s commodity futures and options shall open accounts for QFIs in accordance with the Management Rules on the Account Opening of Futures Market Clients, and the Business Guidelines on the Account Opening of Special Corporate Clients issued by the China Futures Market Monitoring Center (CFMMC) , and manage the trading access of their clients in strict compliance with the Notice on Expanding the Investment Scope of Qualified Foreign Investors in Trading Commodity Futures and Options and other relevant requirements.
For QFIs trading products with investor suitability requirements, Futures Company Members shall strictly comply with the relevant requirements in the Management Measures on Futures Trader Suitability of Dalian Commodity Exchange, and properly manage the eligibility of QFIs.
3. Futures Company Members shall properly interpret rules on trading access management and other relevant rules, fully remind QFIs of matters and risks related to the trading, clearing and other businesses, and guide QFIs to engage in trading commodity futures and options in an orderly manner.
4. All concerning parties shall make full preparations for QFIs’ participation in trading commodity futures and options, strengthen risk prevention and control, and ensure the stable operation of the market.
Attachment:
