To all concerning parties:
To facilitate the participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively referred to as “Qualified Foreign Investors”, or QFIs) in the trading of commodity futures and options contracts of Shanghai Futures Exchange (SHFE), SHFE is hereby notifying the following matters:
1. Banks with futures margin depository qualification for clients of SHFE can directly engage in the futures margin depository business of QFIs (please see attachment for the list of designated depository banks);
2. Futures Firm Members entrusted by QFIs to trade SHFE’s commodity futures and options shall open accounts for QFIs in accordance with the Management Rules on the Account Opening of Futures Market Clients, and the Business Guidelines on the Account Opening of Special Corporate Clients issued by the China Futures Market Monitoring Center (CFMMC) , and manage the trading access of their clients in strict compliance with the Circular on the Participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors in Commodity Futures and Options Trading and other relevant requirements.
For QFIs trading products with investor eligibility requirements, Futures Firm Members shall strictly comply with the relevant requirements in the Futures Trading Participant Eligibility Management Rules of the Shanghai Futures Exchange, and the Guidelines on Futures Trading Participant Eligibility Management of Shanghai Futures Exchange, and properly manage the eligibility of QFIs.
3. Futures Firm Members shall properly interpret rules on trading access management and other relevant rules, fully remind QFIs of matters and risks related to the trading, clearing, delivery and other businesses, and guide QFIs to engage in trading commodity futures and options in an orderly manner.
4. All concerning parties are suggested to make full preparations for QFIs’ participation in trading commodity futures and options, strengthen risk prevention and control, and ensure the stable operation of the market.

Attachment:
1. Designated Depository Banks of Shanghai Futures Exchange

Shanghai Futures Exchange
September 2, 2022