Market Bridge Consulting

  Notice on the 2023 International Workers Day Holiday Arrangements 2023-04-25 CFFEX Notice〔2023〕 No.28 All member entities, According to the Notice on Market Close for Certain Public Holidays 2023 and Measures of China Financial Futures Exchange on Risk Control, China Financial Futures Exchange hereby announces the following arrangements during the 2023 International Workers' Day holiday. 1. Market Close In observance of the International Workers' Day, the market will be closed from April 29, 2023 (Saturday) to May 3, 2023 (Wednesday). The market will remain closed on April 23, 2023 (Sunday) and May 6, 2023 (Saturday). The market will resume trading on May 4, 2023 (Thursday). 2. Adjustments to trading margin during the International Workers' Day holiday 2023 (1) From the settlement on April 27, 2023 (Thursday), the trading margin of CSI 300 index futures, SSE 50 index futures and CSI 500 index futures will be adjusted to 13%, 13% and 15% respectively. (2) After trading res...

  1. Development of China's Commodity Futures Market   Since 2010, the Chinese futures market had fast expanded with the launch of financial futures and Exchange-traded options. The derivatives market has entered a stage of comprehensive development from commodity futures to financial futures, from futures to options, from exchange-listed to OTC, and from domestic-investors-only to liberalized foreign investor trading.   Currently, China’s domestically listed futures and options cover 7 categories of finance, industrial metals, precious metals, chemicals, energy, black series and agricultural products, with a total of 91 varieties, including 64 commodity futures and 20 commodity futures options. Figure 1 Commodity Futures and Options in China Source: Galaxy Futures 2.    Commodity Futures Market 2.1 Market expansion In terms of time, China's commodity futures market has continued to expand steadily, and trading volume, open interest and trading v...

　　Per the joint deliberations with the People’s Bank of China (PBC), the State Administration of Foreign Exchange (SAFE), the CSRC announced that, starting from November 1, 2021, commodity futures, commodity options, and stock index options will be added as eligible financial derivatives accessible to Qualified Foreign Investors, of which tradings in stock index options shall be limited for the sole purpose of hedging. 　　As an important measure to reform and open up domestic securities and futures market, broadening the investment scope for Qualified Foreign Investors will enable more efficient management of asset allocation and risk exposure, raising the attractiveness and global outreach of China’s capital markets to international investors. Af...