Is there a price limit for the Shanghai and Shenzhen 300 Index futures contracts traded by Guotai Junan Futures?
The daily limit of Shanghai and Shenzhen 300 index futures is plus or minus 10% of the settlement price of the previous trading day. There is no price limit on the last trading day of the contract. Because the final trading day is not the average price of futures prices as the settlement price, but the average price of spot index as the settlement price. To ensure that the price of index futures can converge with the spot index, there is no price limit.