Ref: No.71 [2025] GFEX
February 28, 2025
Guangzhou Futures Exchange
To all parties concerned:
To facilitate the participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively referred to as “Qualified Foreign Investors”, or QFIs) in the trading of commodity futures and options contracts of Guangzhou Futures Exchange (GFEX), GFEX is hereby notifying the following matters:
1.Banks with futures margin depository qualification for domestic clients of GFEX can directly engage in the futures margin depository business for QFIs (please see attachment for the list of designated depository banks);
2.Futures Company Members entrusted by QFIs to trade GFEX’s commodity futures and options shall open accounts for QFIs in accordance with the Management Rules on the Account Opening of Futures Market Clients, and the Business Guidelines on the Account Opening of Special Corporate Clients issued by the China Futures Market Monitoring Center (CFMMC), and strictly follow the requirements in the Circular on the Participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors in Commodity Futures and Options Trading, properly manage clients’ trading access to the relevant futures and options contracts.
For QFIs trading products with investor suitability requirements, Futures Company Members shall strictly comply with the relevant requirements in the Management Measures on Futures Trader Suitability of Guangzhou Futures Exchange, and properly manage the eligibility of QFIs.
3.Futures Company Members shall properly interpret rules on trading access management and other relevant rules, fully remind QFIs of matters and risks related to the trading, clearing, delivery and other businesses, and guide QFIs to engage in trading commodity futures and options in an orderly manner.
4.All parties concerned are suggested to make full preparations for QFIs’ participation in trading commodity futures and options, strengthen risk prevention and control, and ensure the stable operation of the market.
Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Guangzhou Futures Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.
