Shanghai Stock Exchange: Notice Of Taking ETFs As Underlying Securities Of Margin Trading And Securities Lending

According to Articles 25 and 26 in the “SSE Detailed Rules for Implementation of Margin Trading and Securities Lending”, the Shanghai Stock Exchange (SSE) hereby makes the following notice for relevant issues of taking ETFs as underlying securities of margin trading and securities lending:

1. Any ETF taking cross-market index or cross-border index as its tracking target which meets the following requirements could be taken as an underlying security of margin trading and securities lending after being traded on the SSE for at least 5 trading days:

a. The average daily asset size is not smaller than RMB2 billion;

b. The number of fund holders is not less than 4,000.

2. The SSE could adjust the above requirements according to the market demands.

3. The Notice will take effect as of the issuance day. The “Notice of Taking ETFs as Underlying Securities of Margin Trading and Securities Lending” (Shang Zheng Jiao Zi [2012] No. 66) issued on May 18, 2012 shall be abolished at the same time.