CFFEX Circular [2025] No.3

To prevent market risks, maintain 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 January 2025.

CFFEX handled 5 cases of self-trade, and 8 cases of frequent placement and cancellation of orders, involving 34 clients in total. 27 clients were suspended the opening of new positions, and 7 clients’ members received reminders via telephone.

CFFEX handled 15 cases of trading limits breaches, and took measures against the 46 clients involved by suspending their opening of new positions. 

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

CFFEX took self-regulatory measures against 25 clients who failed to truthfully report actual control relationship or committed other voilations by suspending their opening of new positions.