CFFEX Circular [2026] No.7

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 April 2026.

CFFEX handled 2 cases of self-trade, 4 cases of frequent placement and cancellation of orders, and 1 case of aggregate position held through actual control accounts exceeding applicable position limit, involving 8 clients in total. 4 clients were suspended the opening of new positions, and 4 clients’ members received reminders via telephone.

CFFEX handled 11 cases of trading limits breaches, and took measures against the 31 clients involved by suspending their opening of new positions. 

CFFEX handled 4 cases of clients’ hedging positions exceeding their corresponding matching requirements, and took measures against the 4 clients involved by requesting rectification within a prescribed time period, and requesting reporting, among others. 

CFFEX handled 8 rule-breaking clues. CFFEX took disciplinary measures against 1 client in 1 violation case by issuing a reprimand and suspending the opening of new positions, and against another 2 clients by issuing a warning and suspending the opening of new positions. The violations of these cases were also recorded in the Capital Market Integrity Database. CFFEX took self-regulatory management measures against 7 members involved in 7 violation clues by giving verbal reminders.