These Measures shall apply to the treasury bond futures trading in People's Republic of China (PRC) and its related activities, supervision and management. Article 4 Futures trading of treasury bonds and related activities must abide by the laws and administrative regulations on futures trading and follow the principles of openness, fairness, impartiality, honesty and credibility. Article 5 China Securities Regulatory Commission (hereinafter referred to as "China Securities Regulatory Commission") is the competent authority for treasury bond futures trading. China Securities Regulatory Commission and Ministry of Finance shall supervise and manage the national treasury bond futures market in accordance with laws and administrative regulations. Chapter II Qualifications of Treasury Bond Futures Trading Sites and Treasury Bond Futures Brokerage Institutions Article 6 The term "Treasury Bond Futures Trading Sites" as mentioned in these Measures refers to the trading sites approved by the China Securities Regulatory Commission in conjunction with the Ministry of Finance.
Without the approval of the China Securities Regulatory Commission and the Ministry of Finance, no trading place may conduct treasury bond futures trading. Article 7 A trading place applying for the listing of treasury bonds futures must submit the following documents to the China Securities Regulatory Commission and the Ministry of Finance:
(1) An application report;
(2) Articles of association of the trading place;
(3) Measures for the Administration of Treasury Bond Futures Trading and its detailed rules for implementation.
(4) A list of members who intend to participate in treasury bond futures trading;
(5) The name list and resumes of the managers who intend to engage in treasury bond futures trading;
(6) Other documents required by the China Securities Regulatory Commission and the Ministry of Finance. Article 8 The management rules for treasury bond futures trading referred to in Item (3) of the preceding article shall specify the following items:
A description of the bond futures contract;
(2) trading places and time;
(3) Suspension of trading.
(4) trading procedures and trading methods;
(5) Settlement and delivery methods;
(six) the payment and management of the deposit;
(seven) the transaction fee collection rate;
(8) Measures for auditing the income and expenditure accounts of members;
(9) Provisions on the membership of treasury bond futures trading;
(ten) regulations on the administration of city representatives;
(eleven) prohibited acts in the transaction;
(12) Handling of breach of contract and fines;
(thirteen) other matters that need to be explained. Article 9 Where a treasury bond futures trading place formulates or modifies the management rules of treasury bond futures trading, it must report to the China Securities Regulatory Commission in conjunction with the Ministry of Finance for approval. Article 10 The design of treasury bond futures contracts in treasury bond futures trading places must be approved by the China Securities Regulatory Commission in conjunction with the Ministry of Finance before they can be listed and traded. Article 11 No branch trading place shall be set up in the treasury bond futures trading place.
Without the approval of the China Securities Regulatory Commission in conjunction with the Ministry of Finance, the treasury bond futures trading place shall not directly accept the trading instructions of members and directly settle funds with members through networking with the exchange or trading center that has not approved the treasury bond futures trading. Article 12 Treasury bond futures brokerage institutions refer to futures brokerage companies and financial institutions with the right to operate securities, which are approved by the China Securities Regulatory Commission and mainly entrusted by customers to conduct treasury bond futures trading and provide related services.
Without the approval of the China Securities Regulatory Commission, no institution may engage in the brokerage business of treasury bonds futures. Article 13 A treasury bond futures brokerage institution must meet the following conditions:
(1) Having a domestic futures brokerage business license issued by the China Securities Regulatory Commission or a financial business license issued by the People's Bank of China;
(2) The registered capital is more than RMB100,000;
(3) Having the membership of the Treasury bond futures exchange;
(four) there are more than three employees who have obtained the qualification certificates of futures operating institutions issued by the authorized institutions of the China Securities Regulatory Commission;
(five) no record of illegal or serious violations, good reputation;
(6) Other conditions required by the China Securities Regulatory Commission. Chapter III Administration of Treasury bond futures trading, settlement and delivery Article 14 Treasury bond futures trading must be conducted through centralized bidding in treasury bond futures trading places. Article 15 A treasury bond futures trading place shall establish a price limit system for treasury bond futures trading, determine the maximum fluctuation range of the daily price of treasury bond futures, set the maximum position limit of customers' speculative positions and the position limit in the delivery month, and report to the China Securities Regulatory Commission for approval.
When the customer's position for hedging needs exceeds the position limit stipulated by the treasury bond futures trading place, it must report to the trading place and obtain the permission of the trading place. Otherwise, the trading place has the right to forcibly close the excess positions of members according to the rules formulated in advance, and the losses caused thereby shall be borne by the members themselves. Article 16 The ownership of treasury bond futures trading knows the accounts of member customers in trading agent. If the same customer opens accounts with different members in the same exchange, the total positions of each account shall be subject to the total positions of each account. Article 17 A treasury bond futures trading place shall announce the real-time market to its members, make a daily trading market table of treasury bond futures, and announce trading information such as trading volume, positions, highest and lowest prices, opening price, closing price and settlement price. To society.