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 　Shanghai International Energy Exchange (INE) plans to conduct the fourth whole market test of TAS (Trade at Settlement) on Crude Oil Futures in production environment on October 11, 2020 (Sunday). Please refer to the enclosed Guide for the Fourth Test of TAS on Crude Oil Futures for reference. 　　Technical Contact 　　Phone: 021-68400802 　　Email: tech@shfe.com.cn 　　FAX: 021-68400385 　　 Attachment: Guide for the Fourth Test of TAS on Crude Oil Futures For China derivatives market access and more market information please contact sherry_ustc@163.com

  The new contract will provide relevant enterprises open, continuous and transparent price signals and effective risk management tools, the CSRC said. The CSRC (China Securities Regulatory Commission) has given the Zhengzhou Commodity Exchange (ZCE) the green light to start trading in polyester staple fiber futures. China is a major producer and consumer of polyester staple fiber, an important textile material. According to CSRC spokesperson Chang Depeng, the new futures contract will help provide relevant enterprises with open, continuous and transparent price signals and effective risk management tools, which will help promote the stable and healthy development of the staple fiber industry. The ZCE is asked to make full preparations to ensure the stable launch and stable operation of trading in the new contract. Futures trading in polyester staple fiber will launch on 12 October. In June, the ZCE launched trading in steam coal options, which was among six new...

 Shanghai International Energy Exchange (hereinafter referred to as the Exchange) will release marker prices for the crude oil futures starting from October 12, 2020. The details are as follows. 　　1. Eligible Contracts 　　The eligible contracts of the marker prices for the Shanghai crude oil futures will be the first and the second nearby crude oil futures contracts. 　　The Exchange will stop releasing marker prices for an eligible contract after the market close on the eighth trading day preceding the last trading day of the contract.  　　2. Marker Period 　　The marker periods of crude oil futures are 00:27-00:30, 11:27-11:30 and 14:57-15:00 Beijing Time on each trading day. 　　3. Calculation 　　The marker prices for each eligible contract will be the volume weighted average price (VWAP) of outright trades on that contract within the three- minutes’ marker period respectively. 　　If there is no transaction within a marker period on the trading day, there will be no m...

 To meet investor needs and improve market efficiency, Shanghai International Energy Exchange (hereinafter referred to as the Exchange) will offer Trade at Settlement (hereinafter referred to as TAS) orders starting from 9:00 a.m., October 12, 2020.  TAS order is only available to the first and the second nearby crude oil futures contracts (hereinafter referred to as the eligible contracts), and is only for the current day’s settlement price of the eligible contract. TAS order will no longer be available after the market closes on the eighth trading day preceding the last trading day of the eligible contract. Please see the appendix for more details of this order. Any adjustment shall be announced by the Exchange. Appendix: Instructions on Trade at Settlement (TAS) Orders For China derivatives market access and more market information please contact sherry_ustc@163.com

 FTSE Russell announced on September 25, 2020 that it will add Chinese government bonds to its World Government Bond Index (WGBI). The reform and opening-up of the Chinese bond market has been pushed forward steadily in recent years. As of end-August 2020, the market was worth RMB112 trillion in terms of its outstanding volume. In particular, RMB2.8 trillion of bonds were held by international investors, registering an average annual growth of 40 percent in the past three years. FTSE Russell CEO Waqas Samad said that Chinese Government Bonds will be added  to the FTSE WGBI from October 2021. The Chinese authorities have worked hard to enhance the infrastructure of the government bond market. Pending an affirmation in March 2021, international investors will be able to access the second largest bond market in the world through FTSE Russell’s flagship WGBI. According to Pan Gongsheng, Deputy Governo...

 Upon the approval by the State Council, for the purpose of  further opening up China’s capital markets, China Securities Regulatory Commission (CSRC), People’s Bank of China (PBC), and State Administration of Foreign Exchange (SAFE) hereby release the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter referred to as the Measures) on September, 25th , 2020. The CSRC is simultaneously releasing an implementary rule, Provisions on Issues Concerning the Implementation of the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter referred to as the Provisions). The Measures and the Provisions shall take effect on November, 1st ,2020. In accordance with the rule-making procedure, the CSRC has solicited pub...

  FTSE Russell will add Chinese government bonds to its flagship World Government Bond Index (WGBI), the index provider said on Thursday, paving the way for billions of dollars of inflows into the world’s second-largest economy. The Chinese government bonds will be included on the index from October 2021, pending confirmation in March 2021. The addition will be phased into the index over a period of 12 months. “Since being placed on the watch list, the Chinese authorities have implemented significant improvements to the fixed income market infrastructure, facilitating easier participation by international investors,” FTSE Russell said in a statement. The index includes mostly developed economies and is a major step for Chinese bonds as investors seek safe-haven assets in a zero-interest-rate world. “Because the Chinese domestic monetary policy is not that closely linked with global monetary policy, you do get diversification benefits allocating to [yuan] bonds,” said Binay Chandgot...

 According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures as follows:   From the settlement on September 29, 2020, margins and price limits of PTA and Methanol futures will be adjusted to 10% and ±9% respectively. Margins and price limits of White Sugar, Cotton, Rapeseed Meal, Rapeseed Oil, Cotton Yarn, Apple, Glass and Soda Ash futures will be adjusted to 9% and ±8% respectively. Margins and price limits of Wheat PM, Wheat WH, Early Rice, Late Rice, Japonica Rice, Chinese Jujube, Thermal Coal, Ferroalloy, Silicon Manganese and Urea futures will be adjusted to 8% and ±7% respectively.   Trading will be resumed on October 9, 2020. From the settlement of the first trading day on which limit-locked market does not occur on the contract with the largest open interest of such product, margins and price limits of these fu...

 In order to standardize the market maker management and fully play the functions of the market, upon discussion and approval of the Board of Governors and filing with the China Securities Regulatory Commission, Dalian Commodity Exchange has amended the Measures for Market Maker Management of Dalian Commodity Exchange . The amended rules are hereby released and will enter into force upon the date of October 9,2020. This notice is hereby released. Attachments: 1. Measures for Market Maker Management of Dalian Commodity Exchange (Amendment).docx 2. Measures for Market Maker Management of Dalian Commodity Exchange (Amended Version).docx For China derivatives market access and more market information please contact sherry_ustc@163.com

 Shanghai International Energy Exchange has released its Circular on Trading Adjustments for the Mid-Autumn Festival and the National Day 2020 as follows: In accordance with the Trading Schedule during National Holidays for Year 2020 , Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments for the Mid-Autumn Festival and the National Day 2020 as follows: 1. The market will be closed on September 27, 2020 and from 3:00 p.m. of September 30, 2020 to October 8, 2020. The market will resume trading on October 9, 2020 with the central auction session from 8:55 a.m. to 9:00 a.m. The market will be closed on October 10, 2020. 2. As from the first trading day without the Limit-locked market from September 29, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below when the daily clearing process begins: The trading margin rate of TSR 20 Futures Contracts will be 10% of the co...

 Starting from October 15, 2020, the rate of delivery deposit will be changed from 20% of the payment for delivery to 15%. Shanghai International Energy Exchange will return the deposit after a member submits the VAT invoice. For China derivatives market access and more market information please contact sherry_ustc@163.com

 Shanghai International Energy Exchange has released its Notice on the Approval of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to Increase Active Storage Capacity for Crude Oil Futures as follows: This is to acknowledge our receipt of the application of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to increase the active storage capacity for crude oil futures. In accordance with the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules, we hereby issue the following response based on inspection and review results: We approve the approved storage capacity of Dalian PetroChina International Warehousing & Transportation Co., Ltd. International Oil Storage located on No.31 New Port Nei Hai Nian Road, Dalian Bonded Area, Liaoning Province, to be increased from 1,200,000m3 to 1,800,000 m3, and the active an storage capacity to be increased from 1,200,000m3 to 1,800,000 m3. ...

 In order to further regulate the emergency response process, upon discussion and approval of the Board of Governors and filing with the China Securities Regulatory Commission, Dalian Commodity Exchange has amended the Measures for Trading Management of Dalian Commodity Exchange , the Measures for Clearing Management of Dalian Commodity Exchange , the Measures for Risk Management of Dalian Commodity Exchange , the Detailed Rules of RBD Palm Olein Futures of Dalian Commodity Exchange , the Detailed Rules of Iron Ore Futures of Dalian Commodity Exchange and the Detailed Rules of Egg Futures of Dalian Commodity Exchange . The amended rules are hereby released and will come into effect on the date of promulgation. To read the attachments,please visit http://www.dce.com.cn/DCE/TradingClearing/Exchange%20Notice/6240803/index.html For China derivatives market access and more market information please contact sherry_ustc@163.com

 　Shanghai Futures Exchange (SHFE) has approved the Clearing Rules of the Shanghai Futures Exchange (Revised) and the Standard Warrant Rules of the Shanghai Futures Exchange (Revised) and reported to the China Securities Regulatory Commission. 　　The Clearing Rules of the Shanghai Futures Exchange and the Standard Warrant Rules of the Shanghai Futures Exchange shall take effect since October 9, 2020. 　　Please visit the official website of SHFE for the Chinese version. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail. To read attachments,please visit http://www.shfe.com.cn/en/AnnouncementandNews/SHFEAnnouncement/911337956.html For China derivatives market access and more market information please contact sherry_ustc@163.com

 According to the Measures for Risk Management of Dalian Commodity Exchange , it is decided upon discussion that from the settlement on September 21 (Monday), 2020, the hedging trading margins and speculation trading margins of Corn will be adjusted (from 6% and 7%) to 7% and 8%, respectively. If the above trading margins are not consistent with the existing ones, the higher ones shall prevail. All member entities are required to send risk alerts to the clients and intensify the prevention of market risks, so as to ensure the smooth market operation. For China derivatives market access and more market information please contact sherry_ustc@163.com

  In accordance with the “Trial Measures for Determination of Iron Ore Brands of Dalian Commodity Exchange” and other related regulations, upon application procedure and the approval of the Exchange, it is hereby to publicly release the alternative member list of the iron ore brand investigation group.  Please refer to the attachment picture for detailed information. To downlaod the list,please check  http://www.dce.com.cn/DCE/TradingClearing/Exchange%20Notice/6240388/2020091521255234202.docx For China derivatives market access and more market information please contact sherry_ustc@163.com

  1.       What is TAS? TAS, short for Trade at Settlement, is an order type that allows a trader to buy or sell an eligible futures contract during specified trading hours at the current day’s settlement price or a certain number of ticks of the outright above or below that price. 2.       Why does INE launch TAS orders? TAS order aims to provide an efficient and effective risk management tool in the market which can lower traders’ risk management costs, so as to enhance the proportion of brick-and-mortar enterprise investors and the crude oil price influence. For brick-and-mortar enterprises, the futures settlement price is often used as the benchmark price in spot trading. These enterprises used to place orders frequently to simulate the settlement price, which is difficult to execute as well as inefficient for hedging. TAS orders enable investors to trade at or near the settlement price during specified trading hours...

Shanghai International Energy Exchange (INE) plans to conduct the second whole market test of TAS (Trade at Settlement) on Crude Oil Futures in production environment on September 19, 2020 (Saturday). Please refer to the enclosed Guide for the Second Test of TAS on Crude Oil Futures for reference. To see the details of  Guide for the Second Test of TAS on Crude Oil Futures , please check http://www.ine.cn/en/news/notice/3280.html For China derivatives market access and more market information please contact sherry_ustc@163.com

China's Shanghai Futures Exchange (SHFE) expects to roll out its alumina futures contract, which was initially scheduled for launch in 2019, by the first half of 2021, an official from the bourse said on Friday. Ge Wanwan, senior manager at the SHFE, however, did not elaborate on reasons for the delay in the launch. "We hope for a first-half listing," Ge said at the sidelines of the China International Copper Forum in the southeastern city of Xiamen. China, the world's biggest metals consumer, has some of the most liquid commodities futures markets. Its Shanghai exchange has listed contracts, including aluminium, copper, zinc, lead and flagship steel products. The country also aims to gain more traction from foreign investors and companies and has international futures products such as crude oil and iron ore. China produced 41.28 million tonnes of alumina, the raw material used to make aluminium, in the first seven months of this year, according to data from the China...

 　Shanghai International Energy Exchange has released its Circular on the Price Limit Update for SC2010 as follows: 　　The price limit for SC2010 will be updated from ±8% to ±10% since September 21, 2020. For China derivatives market access and more market information please contact sherry_ustc@163.com

 In accordance with Designated Delivery Warehouse Rules of the Shanghai Futures Exchange and Bleached Softwood Kraft Pulp Factory Delivery Rules of the Shanghai Futures Exchange（Trail） , we hereby approve Xiamen C&D Paper Co., Ltd. (“C&D Paper”), Zhejiang Yongan Capital Management Co., Ltd. (“ Yongan Capital”) and Jinyi Trading (Shanghai) Co., Ltd. (“Jinyi Company”) to be the designated factories of bleached softwood kraft pulp (“designated factory”). As of the date of this announcement, the above designated factories shall offer designated factory services within the approved storage capacity, strictly abide by all relevant rules, and ensure the sound functioning of such services. From September.28.2020, C&D Paper, Yongan Capital, and Jinyi Company can offer designated factory services for bleached kraft softwood pulp. To read Appendix, please check http://www.shfe.com.cn/en/AnnouncementandNews/SHFEAnnouncement/911337871.html For China derivatives...

 In accordance with the Delivery Rules of Shanghai Futures Exchange and Bleached Softwood Kraft Pulp Futures Factory Delivery Rules of the Shanghai Futures Exchange（Trail） and other relevant regulations, the storage fees for designated bleached softwood Kraft pulp futures factories are stipulated as follows: 1. Warehouse rental: RMB 0.8 yuan/ton•day. 2. Warehouse exit fee: RMB 20/ton. 3. Other fees, such as port charges, port construction fees, dock loading and unloading fees, etc., shall be collected by the relevant agencies from the owner of the pulp when it leaves the warehouses in accordance with the current charging standards. Shanghai Futures Exchange will adjust storage fees based on market development and will issue a separate notice. The above regulations shall be implemented from the date of issuance. For China derivatives market access and more market information please contact sherry_ustc@163.com

Shanghai International Energy Exchange has released its Notice on the Approval of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to Add Designated Delivery Storage Facility Storage Point for Crude Oil Futures Shanghai International Energy Exchange has released its Notice on the Approval of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to Add Designated Delivery Storage Facility Storage Point for Crude Oil Futures as follows: This is to acknowledge our receipt of the application of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to add Designated Delivery Storage Facility storage point for crude oil futures. In accordance with the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules, we hereby issue the following response: We approve Guangxi PetroChina International Reserve Depot of Dalian PetroChina International Warehousing & Transportation Co., Ltd, ...

 　The last trading day for the crude oil futures contract SC2010 is September 23, 2020, and the delivery dates are September 24, September 25 and from September 28 to September 30, 2020. Accordingly, Shanghai International Energy Exchange (hereinafter referred to as “the Exchange”) hereby notifies issues concerning delivery as follows: 　　1. In accordance with the Article 142 of the Delivery Rules of Shanghai International Energy Exchange , a natural person as a client shall close out all the positions of SC2010 before the market close on September 11, 2020. 　　In accordance with the Article 63 of the Risk Management Rules of the Shanghai International Energy Exchange , the number of selling positions of SC2010 held by Clients, Non-FF Members, or OSNBPs shall not exceed that of the standard warrants they hold after the market close on September 18, 2020. 　　Members shall remind the Clients to manage their positions properly and timely close out the positions as required. 　　...

 In order to regulate the relevant businesses, upon discussion and approval of the Board of Governors and filing with the China Securities Regulatory Commission, Dalian Commodity Exchange has amended the Detailed Rules of Coke Futures of Dalian Commodity Exchange, the Detailed Rules of Iron Ore Futures of Dalian Commodity Exchange, the Detailed Rules of Linear Low Density Polyethylene Futures of Dalian Commodity Exchange and the Detailed Rules of Polypropylene Futures of Dalian Commodity Exchange. The amended rules are hereby released and will come into effect on the date of promulgation. For the detailed rules please check  http://www.dce.com.cn/DCE/TradingClearing/Exchange%20Notice/6236400/index.html For China derivatives market access and more market information please contact sherry_ustc@163.com

 The Bleached Softwood Kraft Pulp Factory Delivery Rules of the Shanghai Futures Exchange (Trail) and the Standard Warrant Rules of the Shanghai Futures Exchange (Revised) have been accepted by the Board of Directors of the Shanghai Futures Exchange and reported to the China Securities Regulatory Commission. These two rules are hereby released and shall come into force as of the date of September 1, 2020. Please visit the official English website of SHFE for the English version. If there is any discrepancy between the English and Chinese version, the Chinese version shall prevail. For the Appendix please check  http://www.shfe.com.cn/en/AnnouncementandNews/SHFEAnnouncement/911337799.html For China derivatives market access and more market information please contact sherry_ustc@163.com