【SFE】Shanghai Futures Exchange Announced on Amendment of the Gold Contracts Specifications.

 

[SFE]Shanghai Futures Exchange Announced on Amendment of the Gold Contracts Specifications.

Updated on: 16/04/2015

In order to carry out relevant requirements for developing commodity futures market as raised in the Opinions of the State Council on Further Promoting the Healthy Development of Capital Market and the spirits rasied from national securities and futures regulatory meeting, better meet the market demands, satisfy the actual needs of physical ecomony and investors, and promote futures market’s function, the Exchange hereby makes amendments to the Gold Contract Specifications of the Shanghai Futures Exchange and the Risk Management Rules of the Shanghai Futures Exchange. The amended Gold Contract Specifications of the Shanghai Futures Exchange is approved by the China Securities Regulatory Committee. The amended Risk Management Rules of the Shanghai Futures Exchange is reviewed and adopted at the interim meeting of the 2nd Board of Directors of the Exchange and reported to the China Securities Regulatory Commission.

In order for the amended contract and existing contract, as well as the corresponding enforcement rules to achieve a smooth transition, the decisions below are made upon our consideration:

1.   The amended Gold Contract Specifications of the Shanghai Futures Exchange comes into force as from the listing date of the AU1604 contract.

2. The amended Risk Management Rules of the Shanghai Futures Exchange comes into force as from the market close and settlement on April 7, 2015.  

Source from:

http://www.shfe.com.cn/en/AnnouncementandNews/SHFEAnnouncement/911322553.html

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