To prevent market risks, maintain the orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in November 2020.

CFFEX handled 13 cases of abnormal trading activities with 17 clients involved, including 2 cases of self-trade, 10 cases of frequent placement and cancellation of orders, and 1 case of intraday excessive trading. 8 clients were suspended the opening of new positions, and 5 members received reminders via telephone.

CFFEX handled 3 cases of clients’ hedging positions or arbitrage positions exceeding their corresponding asset ratio requirements, and took measures against the 3 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others. 

CFFEX handled 1 case of pre-arranging trade for illegally transferring benefits, and took self-regulatory measures against the 2 clients by reprimanding and suspending their opening of new positions in China government bond futures for 6 months. The violation by these 2 clients was recorded into China’s capital market integrity database.