FROM: Shanghai Futures Exchange

TO: All Members

CC: CSRC General Office and Futures Department

SUBJECT: Notice on the Imposition of Trading Limit on Steel Rebar Products

FILING SERIAL: SQF [2017] NO. 139

Upon our consideration, it has been decided that the following measures shall be made to the trading of rebar products in accordance with the Risk Management Rules of Shanghai Futures Exchange:

Effective as of August 15, 2017, the position limit of steel rebar contract such as RB1710 and RB1801 applicable to Non-FF Members and Clients opening new positions within the same day will be 8,000 lots. However, the hedging trade is not subject to such a restriction.