Shanghai Futures Exchange (hereinafter referred to as “the Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in January 2024 is listed as follows:

In the aspect of administration of abnormal trading behaviors, the Exchange has dealt with 19 cases, among which 17 cases were self-trades, 2 cases were exceeding the intraday position opening volume prescribed by the Exchange.

The Exchange has separately notified the relevant clients by phone through the members. The Exchange has suspended 2 groups of clients that exist the actual control relationship from opening new positions on the relevant futures contracts and notified to the market.

In the aspect of identification and cooperative investigation of accounts with actual control relationship, the Exchange has identified 273 groups of 688 clients that exist the actual control relationship to cooperate with the investigation of the actual control relationship and urged 4 groups of 9 clients to cooperate with the investigation of the actual control relationship. The Exchange has suspended some of these clients from opening new positions and restricted the fund withdrawal.

In the aspect of inspecting cases violating trading rules, the Exchange has dealt with 4 cases suspected of violation trading rules, of which 1 case was price fluctuation caused by market price order, 1 case was price fluctuation caused by self trade, 2 cases were wrong orders. The Exchange has not filed and investigated any case suspected of violating trading rules in January.

The Exchange reminds market traders to be in compliance with its rules in the trading activities and report accounts with actual control relationship.

SHFE hereby notifies as the above.

Shanghai Futures Exchange
February 8, 2024