In order to further standardize the trading behavior of stock index futures and stock index options contracts, according to the Measures for the Administration of Risk Control of China Financial Futures Exchange, the relevant management requirements for trading limits of stock index futures and stock index options contracts are hereby notified as follows:

First, the trading limit standard

Since the trading day of 65438+February 19, 2022, the maximum number of stock index futures customers of CSI 300, CSI 500, CSI 1000 and SSE 50 has been 500 lots in a certain contract day. The number of open positions in risk management transactions such as hedging is not subject to this restriction.

From the trading day of 65438+February 9, 2022 19, on the Shanghai and Shenzhen 300, CSI 1000, and SSE 50 stock index options, the maximum number of customer opening transactions in one day is 200, and the maximum number of opening transactions in one option contract is 100. This is The number of open positions in risk management transactions such as hedging and market-making transactions is not subject to this restriction.

The maximum open position in a day refers to the sum of the open position bought by customers and the open position sold by customers of a certain variety, a certain month contract or a certain contract on a certain trading day. Deep hypothetical contracts refer to the tenth or more call option contracts whose exercise price is higher than the closing price of the underlying index of the contract on the previous trading day and the tenth or less put option contracts whose exercise price is lower than the closing price of the underlying index of the contract on the previous trading day.

The open positions of a group of actual control relationship accounts are calculated together, and the standard is the same as that of a single customer. If a customer meets the processing standards of the exchange for many times in a single day, it will be recognized once.

Second, the treatment measures

If the customer violates the above provisions for the first time, the exchange will take measures to limit the opening of positions for 5 trading days; When it appears for the second time, the exchange will take measures to limit opening 10 trading days; For the third time and above, the Exchange will take 1 month to limit the opening of positions. If the circumstances are serious, it shall be handled in accordance with the relevant provisions of the Measures for the Administration of Risk Control of China Financial Futures Exchange and the Measures for Handling Illegal Acts of China Financial Futures Exchange.

The Exchange may adjust the specific standards and relevant measures stipulated in this notice according to market conditions.

This Notice shall be implemented as of February 65438+February 19, 2022, and the Notice on Trading Limits of Stock Index Futures and Stock Index Option Contracts (CICC Fa [2022] No.39) shall be abolished at the same time.

I hereby inform you.