To facilitate the 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 contracts of Zhengzhou Commodity Exchange (ZCE), ZCE is hereby notifying the following matters:
1. Banks with futures margin depository qualification for domestic clients of ZCE can directly engage in the futures margin depository business of QFIs (please see attachment for the list of designated depository banks).
2. Futures Firm Members entrusted by QFIs to trade ZCE’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 strictly follow the requirements in the Circular on the Participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors in Commodity Futures and Options Trading （〔2022〕No.76）, properly manage clients’ trading access to the relevant futures and options contracts.
For QFIs trading products with investor eligibility requirements, Futures Firm Members shall strictly comply with the relevant requirements in the Measures for the Administration of Trader Suitability Requirements for Futures Trading of Zhengzhou Commodity Exchange and Operational Guidelines for Trader Suitability Requirements for Futures Trading of Zhengzhou Commodity Exchange, and properly manage the eligibility of QFIs.
3. Futures Firm 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, delivery and other businesses, and guide QFIs to engage in trading commodity futures and options in an orderly manner.
4. All concerning parties are suggested to 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: List of Designated Depository Banks with Futures Margin Depository Qualification for Domestic Clients of ZCE
