★上期所就业务规则国际化草案公开征求意见

Core Viewpoint - The Shanghai Futures Exchange (SHFE) is seeking public opinion on a draft for the internationalization of its business rules, aiming to enhance its role in the global market and support China's high-level opening-up strategy [1] Group 1: Internationalization Objectives - The SHFE's internationalization initiative focuses on enhancing regulatory oversight, risk prevention, and promoting high-quality development of the futures market [1] - The plan aims to create a safe, standardized, transparent, open, and predictable institutional framework that aligns with the internationalization of the SHFE platform [1] Group 2: Key Areas of Reform - The internationalization reform will involve the formulation and revision of 34 secondary-level business rules [2] - Market access rules will define the conditions, rights, and obligations for foreign participants in domestic futures trading [2] - Trading rules will be updated to facilitate the full participation of foreign participants in the trading process [2] - Risk control measures will be refined to manage risks associated with foreign participants in domestic futures trading [2] - The settlement system will establish the Renminbi as the settlement currency and allow foreign exchange as a margin asset, with mandatory currency exchange provisions [2] - Delivery rules will be improved to manage non-deliverable positions and enhance the overall management of the futures trading process [2]