CHINA: CFFEX Publishes Notice on Self-Regulatory Measures

Thursday May 26 2022

China Financial Futures Exchange (CFFEX) has published a notice to prevent market risks, maintain the orderly operation of the market and protect investors’ legitimate rights and interests took the following self-regulatory measures against violations of exchange rules in April 2022.

• CFFEX handled 17 cases of abnormal trading activities with 49 clients involved, including 1 case of self-trade, 15 cases of frequent placement and cancellation of orders and 1 case of intraday excessive trading. 48 clients were suspended the opening of new positions and 1 member received reminders via telephone.
• CFFEX handled 2 cases of trading limits violations and took measures against with 6 clients involved by suspending their opening of new positions.
• CFFEX handled 8 cases of clients hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements and took measures against the 8 clients involved by requesting rectification within a prescribed time period, requesting reporting, and suspending the opening of new positions, among others.

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