中国银行2月3日发布公告，为保护投资者权益，防范市场风险，根据上海黄金交易所（简称"上金所"） 2026年2月3日发布的《关于调整白银延期合约保证金水平和涨跌停板的通知》和《关于调整黄金部分合 约保证金水平和涨跌停板的通知》，中国银行将对代理个人上金所业务（包括白银延期合约和黄金延期 合约）的交易保证金比例、涨跌幅度限制及交易时间进行相应调整。具体如下： 二、自2026年2月4日（星期三）收盘清算时起，上金所黄金延期合约保证金比例从16%调整为17%，我 行黄金延期合约客户保证金比例由42.24%调整为44.88%,上金所下一交易日（2月4日20:00）起涨跌幅度 限制从15%调整为16%。 一、自2026年2月3日（星期二）收盘清算时起，上金所白银延期合约保证金比例从26%调整为23%，我 行白银延期合约的保证金比例乘数由254%调整为287%，由此，我行白银延期合约的客户保证金比例由 66.04%调整为66.01%，上金所下一交易日（2月3日20:00）起涨跌幅度限制从25%调整为22%。 ...

Core Viewpoint - The Shanghai International Energy Exchange has announced adjustments to the trading margin ratios and price fluctuation limits for international copper futures contracts, effective from January 22, 2026 [1] Group 1: Trading Margin Adjustments - The trading margin ratio for holding positions in international copper futures will be adjusted to 9% for hedging positions and 10% for general positions [1] - The price fluctuation limit for listed international copper futures contracts will be set at 8% [1] Group 2: Risk Management Provisions - Adjustments to the trading margin ratios and price fluctuation limits may occur based on the provisions outlined in Article 16 of the Shanghai International Energy Exchange Risk Control Management Rules [1] - Other matters regarding price fluctuation limits and trading margin ratios will be executed according to the relevant business rules and risk control management guidelines [1]

Market Closure Schedule - The A-share market will be closed from October 1 (Wednesday) to October 8 (Wednesday) for the National Day and Mid-Autumn Festival, resuming normal trading on October 9 (Thursday) [2] - The weekend closures include September 28 (Sunday) and October 11 (Saturday) [2] Hong Kong Stock Connect - The Shenzhen Stock Exchange announced that the Hong Kong Stock Connect service will not be available from October 1 (Wednesday) to October 8 (Wednesday), resuming on October 9 (Thursday) [5] - Weekend closures for the Hong Kong Stock Connect also include September 28 (Sunday) and October 11 (Saturday) [5] Future Trading Arrangements - The Shanghai International Energy Exchange has announced that there will be no night trading on September 30, 2025, and the market will be closed from October 1 (Wednesday) to October 8 (Wednesday) in 2025 [8][9] - On October 9, 2025, trading will resume with a collection auction from 08:55 to 09:00, followed by the restoration of night trading [10] Margin and Price Limit Adjustments - Starting from the closing settlement on September 29, 2025, margin ratios and price limit adjustments for various futures contracts will be implemented, including: - International copper futures: price limit adjusted to 9%, margin for holding positions at 10% [11] - Crude oil and low-sulfur fuel oil futures: price limit adjusted to 12%, margin for holding positions at 13% [11] - 20 rubber futures: price limit adjusted to 11%, margin for holding positions at 12% [11] - Shipping index (European line) futures: price limit adjusted to 20%, margin at 22% [11] Post-Adjustment Trading Conditions - After trading on October 9, 2025, the price limits and margin ratios for all futures contracts will revert to their original levels after the first trading day without a one-sided market [13]