CFFEX Is Still Discussing Potential Rule Changes for Stock Index Futures, Insiders Say

CFFEX Is Still Discussing Potential Rule Changes for Stock Index Futures, Insiders Say

Liao Shumin

Date: Fri, 04/13/2018 - 16:00 / source:Yicai
CFFEX Is Still Discussing Potential Rule Changes for Stock Index Futures, Insiders Say
CFFEX Is Still Discussing Potential Rule Changes for Stock Index Futures, Insiders Say

(Yicai Global) April 13 -- The China Financial Futures Exchange is still in talks with relevant companies to figure out the best way to relax rules on stock index futures before it seeks approval to make changes from the securities regulator, China Securities Journal cited sector insiders as saying.

Rumors that regulators are considering easing restrictions on stock index future transactions have resurfaced after Jiang Yang, vice chairman of the China Securities Regulatory Commission, hinted at the possibility during the 2018 Two Sessions, the annual assemblies of China's top legislative and political advisory bodies.

Watchdogs slapped a range of restrictive measures on stock index futures trading back in 2015 when China was host to wild stock market swings, but the CFFEX slackened the reins on index margins and services fees twice last year.

Further relaxation has a direct bearing on the current status of market operations, Zhu Ai, president of the financial research institute under Holly Futures, told China Securities Journal in an interview.

“The spike in trading volume was not that large when restrictions were relaxed the last two times,” he said, saying strict restrictions on intra-day transactions and close-out fees kept them down. “We think the next move will still depend on whether there will be major changes. If there will, trading volume is likely to see a notable surge.”

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Keywords: Stock Index Futures, Financial Futures, CSRC, CFFEX