Legal basis: Chapter 9 Risk Early Warning System of Measures for Risk Control and Management of China Financial Futures Exchange.
Article 37 An exchange shall implement a risk warning system. When the Exchange deems it necessary, it may take one or more measures, such as asking members and customers to report the situation, reminding them in conversation, warning them in writing, and issuing a risk warning announcement, to warn and resolve risks independently or simultaneously.
Article 38 Under any of the following circumstances, someone in the exchange shall meet with the senior management personnel or customers of the members to remind them of the risks, or ask the members or customers to report the situation:
(1) The futures price is abnormal;
(2) Abnormal transactions of members or customers;
(3) Abnormal positions held by members or customers.
(4) The member's funds are abnormal;
(5) The member or customer is suspected of violating the rules or breaching the contract;
(6) The Exchange accepts complaints involving members or customers;
(seven) members to participate in judicial investigation;
(8) Other circumstances identified by the Exchange.
Article 39 When implementing conversation reminders, the Exchange shall notify the relevant members or customers of the time, place and requirements of the conversation in writing one day in advance, and the staff of the Exchange shall keep the relevant contents of the conversation confidential.
The customer should attend the conversation reminder in person and be accompanied by the person designated by the member; If the interviewee is really unable to attend due to special circumstances, he shall report to the Exchange in advance, and with the consent of the Exchange, he may entrust relevant personnel to act as an agent in writing. The interviewee shall truthfully state the facts and shall not conceal them.
Article 40 The Exchange shall have the right to issue a risk warning letter to its members or customers if it finds that their trading positions are at greater risk due to their alleged violation of regulations through briefings and talks.
Article 41 Under any of the following circumstances, the owner of the transaction shall issue a risk warning announcement to remind all members and customers of the risks:
(1) The futures price is abnormal;
(2) There is a big gap between futures price and spot price;
(3) The member or customer is suspected of violating the rules or breaching the contract;
(4) There are great risks in the transactions of members or customers.
(5) Other circumstances as determined by the Exchange.