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February 17, 2017

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Stock index futures trading relaxed

THE China Financial Futures Exchange yesterday said it was easing restrictions on domestic stock index futures trading in a “sound and orderly” way.

In a move to “facilitate market functions,” the Shanghai-based exchange said it will double the maximum limit on daily stock index future trading from 10 lots to 20 lots from today. Hedging transactions will be excluded from this restriction.

The bourse will also reduce margin requirements for non-hedging transactions on CSI 300 index futures and SSE 50 index futures from 40 percent of the contract value to 20 percent from today’s clearing, while that for CSI 500 index futures will be cut to 30 percent.

The margin requirement for hedging transactions will be kept at 20 percent.

Commission fees for intraday position-closing will be lowered to 0.092 percent of the transaction volume from the previous 0.23 percent.


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