


Core Insights - The main contract of the Shanghai Stock Exchange 50 Index futures closed at 2506 with a slight increase of 0.05% as of June 3, 2025, with a total trading volume of 29,200 contracts, indicating a decrease in trading activity compared to the previous day [1][3]. Group 1: Market Positioning - The top 20 positions in the futures market show a net short position with a difference of 5,290 contracts [1]. - Total trading volume for all contracts was 40,100 contracts, which is a decrease of 9,296 contracts from the previous day [1][4]. - The long positions among the top 20 members increased to 53,600 contracts, up by 1,928 contracts, while short positions rose to 64,900 contracts, an increase of 2,637 contracts [1]. Group 2: Major Players - The top three long positions are held by Guotai Junan with a total of 10,085 contracts, CITIC Futures with 8,264 contracts, and Dongzheng Futures with 4,380 contracts [1][4]. - The top three short positions are also led by Guotai Junan with 11,768 contracts, followed by CITIC Futures with 10,437 contracts, and GF Futures with 8,252 contracts [1][4]. - Among the top 20 positions, Guotai Junan saw an increase in long positions by 1,048 contracts, while CITIC Futures increased by 411 contracts [1][3]. Group 3: Changes in Positions - The top three members with the largest increase in long positions are Guotai Junan (+1,048), CITIC Futures (+411), and Huatai Futures (+152) [1][3]. - The top three members with the largest decrease in long positions are Yong'an Futures (-386), GF Futures (-230), and Guoxin Futures (-182) [1][3]. - For short positions, the largest increases were seen in Guotai Junan (+956), CITIC Futures (+622), and Haitong Futures (+330) [1][3].