Futures cannot be closed immediately on the same day.
The notice requires that futures companies should remind investors to strengthen risk prevention, strengthen account opening management and account security management, strengthen investor exit management, strengthen daily risk monitoring and strengthen coordination and cooperation.
In the notice, the CSRC emphasized that futures companies should establish and improve the management system for customers' capital withdrawal, strengthen the internal audit and control of capital withdrawal, and require futures companies to strictly implement the debt-free settlement system on the same day, and investors should not withdraw funds before the settlement is completed.
If the futures exchange informs about the suspected violation of laws and regulations, the futures company where the loss-making investor is located shall immediately verify the trading situation with the investor, and the futures company where the profit-making investor is located shall restrict the investor from withdrawing money before the investigation of the incident is completed.
In the past, the information technology system of the exchange could detect and remedy illegal cases such as knocking at the door, but the speed of remedy often "can't beat" the speed of the knocker paying money.
With the institutional constraint that "investors can't make money before the settlement is completed", it leaves time for management institutions and exchanges to remedy illegal cases such as knocking at the door.
Although prohibiting profits on the same day weakens the market characteristics of T+0 futures market to some extent, it is a necessary measure to ensure the safety of investors' funds.