Heavy! 12 business rules of Guangzhou Futures Exchange were released, and the threshold for individual account opening is 100,000 yuan! Trading hours, market maker qualifications... are all clear
On the evening of the 6th, Guangzhou Futures Exchange issued 12 business rules including the "Guangzhou Futures Exchange Trading Management Measures", involving trading hours, market maker qualifications, etc. The rules will be implemented from the date of issuance.
Among them, the threshold for individual account opening is 100,000 yuan, the market maker qualification management is implemented according to the variety, and the net asset requirement is not less than 50 million yuan.
With the official release of the business rules, the Guangzhou Futures Exchange is only one step away from the market opening, and the next step will be to wait for the confirmation of new varieties and the opening trading time.
Guangzhou Futures Exchange has issued 12 business rules, and the threshold for individual account opening is 100,000 yuan
On the evening of June 6, the Guangzhou Futures Exchange issued 12 business rules including the "Guangzhou Futures Exchange Trading Management Measures", which clarified trading, settlement, risk, suitability of futures traders, market makers, overseas special participants, depositors. The rules will be implemented from the date of promulgation.
The rules require that individual clients meet the following criteria: have a cumulative record of not less than 10 trading days and 20 or more simulated transactions in domestic trading venues for futures contracts or options contracts; or have 10 or more domestic transactions in the past three years. Transaction records of futures contracts, options contracts, or other derivatives that are centrally cleared at the trading venue; or 10 or more recognized overseas transaction records in the past three years; 5 consecutive trading days before applying for the opening of transaction codes or the opening of transaction rights. The balance of available funds in the account shall not be less than RMB 100,000 or its equivalent in foreign currency.
That is, the threshold for opening an individual account in Guangzhou Futures Exchange is 100,000 yuan, which is obviously different from other exchanges.
At present, the types of futures with capital thresholds are the stock index futures and treasury bond futures of the CFFEX, the iron ore futures of the Dalian Commodity Exchange, the PTA futures of the Zhengzhou Commodity Exchange, the TSR 20 futures of the Shanghai Futures Exchange, and the Shanghai International Energy Exchange. Crude Oil Futures.
Among them, the individual account opening threshold for iron ore, PTA and TSR 20 futures is 100,000 yuan, the capital threshold for stock index futures, China Index futures and crude oil futures is 500,000 yuan, and the account opening for CSI 300 index options is also 50 yuan. million.
The rules are clear, the exchange implements market maker qualification management according to the variety, and the net asset requirement is not less than 50 million yuan or equivalent foreign currency.
The rules point out that there are 5 trading days per week for futures and options trading. Each trading day is divided into night trading and daily trading sessions. Day trading is basically consistent with other futures exchanges. .
The official website of the Guangzhou Futures Exchange has released 16 futures varieties, and the official transaction will be imminent
According to public information, on October 9, 2020, the China Securities Regulatory Commission officially announced the establishment of the Guangzhou Futures Exchange preparatory group in Guangzhou, marking that the establishment of the Guangzhou Futures Exchange has entered a substantive stage; on January 22, 2021, with the approval of the State Council, China Securities Regulatory Commission officially approved the establishment of Guangzhou Futures Exchange; on April 19, 2021, the unveiling ceremony of Guangzhou Futures Exchange was successfully held.
On April 19, 2022, the official website of Guangzhou Futures Exchange was officially launched on the first anniversary of its unveiling. For the first time, it fully disclosed the 16 futures varieties approved for listing by the China Securities Regulatory Commission.
Including carbon emission rights, electricity and other major strategic varieties related to the basic fields of the national economy and energy price reform, innovative varieties such as CSI Commodity Index, energy and chemical industry, feed breeding, steel mill profits, etc., industrial silicon, polysilicon, lithium , rare earth, platinum, palladium and other characteristic industrial varieties closely related to green and low-carbon development, regional characteristic varieties such as coffee, sorghum, and indica rice with characteristics of the Guangdong-Hong Kong-Macao Greater Bay Area and the "Belt and Road", as well as products interlinked in the international market. .
As my country's first mixed-ownership exchange.
The shareholders of Guangzhou Futures Exchange are diverse, including 4 futures exchanges managed by the China Securities Regulatory Commission, 2 Guangdong state-owned enterprises, 1 private enterprise and 1 overseas enterprise. , market-oriented and internationalized development orientation.
Zhu Lihong, general manager of Guangzhou Futures Exchange, previously stated that green development products such as carbon emission futures are our core strategic sectors.
my country has the world's largest carbon market, and the free carbon quota issued by the Ministry of Ecology and Environment in 2021 will be about 4.3 billion tons.
After the listing of carbon futures, China has the potential to become the world's largest carbon derivatives market.
"From the perspective of product layout, whether it is carbon quota futures, electricity, new energy metals such as silicon, lithium, and rare earth, or commodity indices, we have entered a new field beyond traditional products." Zhu Lihong said.
With the official release of the business rules, the next step of the Guangzhou Futures Exchange will wait for the confirmation of the new varieties and the opening trading time.
(Broker China)