On April 8, 2020, China Financial Futures Exchange (CFFEX) amends and releases the Regulatory Criteria and Handling Procedures for Abnormal Trading Activities Related to China Government Bond Futures under the Measures of China Financial Futures Exchange on the Management of Abnormal Trading, and the Guidelines of China Financial Futures Exchange on the Release of Information on China Government Bond Futures (the “Guidelines”).The above amended rule and Guidelines will take effect on April 9, 2020. Article 4(2) of the Guidelines will take effect on September 14, 2020, prior to which the trading volume and positions of non-futures-company Clearing Members will not be published.
The amendments of above rule and Guidelines include clarifications on the information disclosure arrangements for non-futures-company Clearing Members, and addition of non-futures-company members. Improving the guidelines on information disclosure is conducive to protecting the business secrets of non-futures-company members and further developing China’s government bond futures market.
Next, in line with the CSRC's requirements of "Four Awes" and "One Synergy", CFFEX will perform its duties strictly and conscientiously and pay close attention to market performance after the implementation of the amended rules and guidelines. Furthermore, CFFEX will continuously improve its rules and procedures in practice, safeguard the legitimate rights and interests of investors, effectively manage market risks, and ensure the smooth and orderly operation of the financial futures market.
