The revised Clearing Rules of the Shanghai Futures Exchange and the revised Enforcement Rules of the Shanghai Futures Exchange have been reviewed and adopted by the Board of Directors Shanghai Futures Exchange (SHFE), and reported to the China Securities Regulatory Commission. These rules are hereby released and shall take effect from January 7, 2025.

Please visit the official website of SHFE for the Chinese version. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.

Appendices:
1. Comparative Table
2. Clearing Rules of the Shanghai Futures Exchange (revised)
3. Enforcement Rules of the Shanghai Futures Exchange (revised)

Shanghai Futures Exchange
January 7, 2025