Shanghai Stock Exchange Lifts Upper Limit To Amount Of Single Bond Order

The Shanghai Stock Exchange (SSE) has recently adjusted the upper limit to the amount of single bond order prescribed in Article 3.4.9 of the “SSE Trading Rules”. The SSE has lifted the maximum amount of single order in bond trading and bond collateralized repo in the auction system from 10,000 lots to 100,000 lots, namely, from face value of RMB10 million to RMB0.1 billion.

According to relevant source of the SSE, with the constantly expanding scale of bond trading and the increasing amount of investors’ single order, the SSE’s present limit to order amount can no longer meet the need of market development, especially the demand for investment of institutional investors, who expect orders of large trading amount. Lifting the upper limit to the amount of single order this time aims at meeting the need of investors participating in spot bond trading and repo trading, thus enhancing trading efficiency of the SSE bond market. It is learnt that the adjustment will take effect from December 9. In the future, the SSE will further complete relevant mechanisms for bond trading according to bond market development and investors’ requirements.