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On 12 December, 2022, SZSE successfully launched Shenzhen 100 ETF Option (underlying security: Shenzhen 100 ETF, Code: 159901) for trading., Deputy Director Tan Congyan of the Department of Market Supervision I of CSRC, Secretary Shu Yumin of Party Members Group of Shenzhen Financial Supervision Authority, President & CEO Sha Yan of SZSE and heads of fund companies addressed the launching ceremony on the spot or via video link. Leaders and guests from the CSRC system, Shenzhen Financial Supervision Authority and relevant market institutions witnessed another important moment in SZSE’s derivative market.
Tan Congyan said that, the requirements of “improving the functions of the capital market and increasing the proportion of direct financing” were expressly proposed at the 20th CPC National Congress. Launching Shenzhen 100 ETF Option is another important move to implement the decisions and plans of the CPC Central Committee and the State Council and to comprehensively deepen the capital market reform. Over the past seven years since the pilot project of stock options, the ETF option market regulations and rules have been constantly improved, and the market ecosystem has been better and better. Next, CSRC will guide SZSE to focus on serving the real economy and firmly guard against risks, so as to effectively protect the legitimate rights and interests of investors and secure the stable and sound development of the option market for a long time.
Shu Yumin said that, the successfully launched Shenzhen 100 ETF Option will further enrich the option varieties of Shenzhen market, help improve the financial resource allocation function and play an innovative and pioneering role. Under the guidance and support of CSRC and in line with the arrangements of CPC Shenzhen Municipal Committee and Shenzhen Municipal Government, Shenzhen Financial Supervision Authority will continue to fully support SZSE to accelerate the construction of a high-quality innovative capital center and world-class exchange, explore more useful experience for China’s financial reform, opening-up and development and make greater contributions.
Sha Yan said that, launching Shenzhen 100 ETF Option is an important measure taken by SZSE to carry out the guiding principles of the 20th CPC National Congress and comprehensively deepen capital market reform, and a vital part for SZSE to build the world-class exchange featuring a high-quality innovative capital center and provide better services for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the Shenzhen Pilot Demonstration Zone for socialism with Chinese characteristics. The launched Shenzhen 100 ETF Option, together with ChiNext ETF Option, will cover the core assets of more than RMB15 trillion listed on SZSE, drive more fund allocation to the underlying ETFs and channel medium - and long-term funds to innovative growth and blue chip stocks. Under the leadership of CSRC, SZSE will concentrate efforts on improving capital market functions and services for the real economy and investors, speed up the building of a derivative ecosystem and do its utmost to serve the creation of the new development pattern and the high-quality development.
On the first day of launching Shenzhen 100 ETF Option, the market operated securely and steadily, investors participated in a reasonable and orderly way, liquidity was proper and sufficient, and option contracts were effectively priced. 87 option operators and 19 option market makers participated in the trading of Shenzhen 100 ETF Option. Within the day, 54,100 Shenzhen 100 ETF Options were traded, with the total positions registering 30,500.
