Core Viewpoint - The China Securities Regulatory Commission has approved the registration of futures and options for coated printing paper on the Shanghai Futures Exchange, with trading set to commence on September 10, 2025 [1]. Group 1: Listing Details - The coated printing paper options will begin trading at 21:00 on September 10, 2025, with a pre-opening auction from 20:55 to 21:00 [1]. - The first listed option contracts will be OP2601 and OP2602 [3]. Group 2: Trading Hours - Trading will occur from Monday to Friday, with specific time slots: 9:00-10:15, 10:30-11:30, and 13:30-15:00, along with continuous trading from 21:00 to 23:00 [2]. Group 3: Contract Specifications - The minimum holding threshold for the underlying futures in the options contract is set at 5,000 lots (one-sided) [4]. - The base price for the options will be announced by the exchange on the trading day prior to listing, calculated using a binomial option pricing model [5]. Group 4: Trading Limits and Management - The maximum order quantity per transaction is limited to 100 lots [6]. - Position limits for options and futures contracts will be managed separately, with specific limits for different types of options [8]. - The hedging trading position limits will be shared between the coated printing paper options and futures [9]. Group 5: Inquiry and Fees - Non-futures company members and clients can inquire about all listed options contracts, with specific conditions on the inquiry process [10]. - Fees will be charged according to the agreed standards at the time of account opening, with additional charges as per exchange regulations [11].