Restrictions on domestic stock eased

Source: Xinhua | 2018-12-03

The China Financial Futures Exchange (CFFEX) is further easing restrictions on domestic stock index futures trading in a “sound and orderly” way in a bid to facilitate market functions.

The move was made after comprehensive evaluation of market risk and active improvement of supervision, the Shanghai-based exchange said.

The CFFEX said it will reduce the margin requirement for Hushen 300 index futures and SSE 50 index futures to 10 percent from 15 percent and for CSI 500 index futures to 15 percent from up to 30 percent from today’s clearing.

Commission fees for intraday position-closing will be lowered from 0.069 percent to 0.046 percent of the transaction value.

The exchange also raised the intraday trading limit on a single index futures contract by non-hedging accounts from 20 lots to 50 lots, with anything above seen as abnormal trading.