In order to control risks, institutions with relatively large funds will generally hedge in the futures market when buying and selling in the spot market, provided that they have counterparties.
2065438+At the beginning of September 2005, CICC strictly restricted the speculative operation of futures, which brought the adverse effect of the lack of corresponding counterparties in hedging positions. At this time, many institutions and brokers cannot hedge and face the risk of bare positions.
In fact, most retail investors basically belong to bare warehouses, hehehe.
Personally, I think there may be a problem. But I know this doesn't mean an empty position.