Core Points - The article outlines the foreign exchange derivatives trading management system of SiKan Technology (Hangzhou) Co., Ltd, aiming to standardize trading practices and enhance risk management [1][2] - The system is established in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, and is designed to ensure the safety of the company's assets [1][2] Group 1: General Principles - The foreign exchange derivatives trading business includes various products such as forward foreign exchange, swaps, options, and interest rate derivatives, aimed at mitigating exchange rate and interest rate risks [2][3] - The system applies to the company and its consolidated subsidiaries, requiring unified management and operation of foreign exchange derivatives trading by the company [2][3] Group 2: Basic Principles of Trading - The company must adhere to principles of legality, prudence, safety, and effectiveness in foreign exchange derivatives trading, focusing on normal business operations and avoiding speculative activities [2][3] - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [3] Group 3: Approval Authority - The company's shareholders' meeting or board of directors serves as the decision-making and approval body for foreign exchange derivatives trading, with specific thresholds for approval based on transaction size and impact on net profit [4][5] - The board of directors can authorize the chairman to make investment decisions within approved limits [4][5] Group 4: Management and Operational Procedures - The management layer proposes trading limits based on estimated business scale and market analysis, which must be approved by the board of directors or shareholders' meeting [12] - The financial department is responsible for the specific operation and management of foreign exchange derivatives trading [12][13] Group 5: Risk Management Procedures - The financial department must monitor and report any significant abnormal situations in trading that may pose risks, ensuring timely communication with the board of directors [18][19] - Losses exceeding 10% of the company's most recent audited net profit must be disclosed promptly [19] Group 6: Confidentiality and Compliance - All personnel involved in foreign exchange derivatives trading must adhere to confidentiality protocols, ensuring that sensitive information is not disclosed without authorization [15][16] - The internal audit institution is responsible for supervising compliance with risk control policies and procedures [16]
思看科技: 外汇衍生品交易业务管理制度