1. Report Industry Investment Rating - No relevant information provided in the report. 2. Core Viewpoint of the Report - As the Chinese Spring Festival approaches, China's futures exchanges will be closed, and adjustments will be made to margin requirements and price limit ranges. Investors are advised to take note [1]. 3. Summary According to the Table of Contents 3.1 CFFEX (China Financial Futures Exchange) - The trading margin rate and the price limit remain unchanged for Spring Festival 2026 [14]. 3.2 SHFE (Shanghai Futures Exchange) - From the settlement of February 12, 2026, the trading margin rate and the price limit will be adjusted to the corresponding level. After the holiday, they will be adjusted to the corresponding level as from the settlement of the first non - one - direction trading day since February 24, 2026 [11]. - The report provides a table showing the current standard, holiday - period standard, and post - holiday standard of price limits and trading margin rates for various futures contracts such as copper, aluminum, etc. [15]. 3.3 INE (Shanghai International Energy Exchange) - The report provides a table showing the current standard, holiday - period standard, and post - holiday standard of price limits and trading margin rates for various futures contracts such as bonded copper, crude oil, etc. [17]. 3.4 GFEX (Guangzhou Futures Exchange) - The report provides a table showing the current standard, holiday - period standard, and post - holiday standard of price limits and trading margin rates for various futures contracts such as silicon metal, poly - silicon, etc. [18]. 3.5 ZCE (Zhengzhou Commodity Exchange) - From the settlement on February 9, 2026, margins and price limits of Methanol, Paraxylene, Purified Terephthalic Acid, Polyester Staple Fiber and Polyethylene Terephthalate Resin For Bottles futures will be adjusted to 10% and 9% respectively. From the settlement of February 12, 2026, the trading margin rate and the price limit of other futures contracts will be adjusted to the corresponding level. After the holiday, they will be adjusted to the corresponding level as from the settlement of the first trading day on which limit - locked market does not occur on the contract with the largest open interest of such product since February 24, 2026 [12][13]. - The report provides a table showing the present, February 9th, February 12th, and post - February 24th margin and price limit adjustments for various futures contracts [19]. 3.6 DCE (Dalian Commodity Exchange) - The report provides a table showing the present, holiday - period, and post - holiday price limits and trading margins for various products such as iron ore, coke, etc. [21]. 3.7 CITIC Futures International Research Reports - Regular reports include China Futures Annual Outlook, China Futures Monthly Report, etc. - Special topic reports cover various fields such as finance, commodities, emerging industries, policy reading, etc. [23][24]

格隆汇1月18日｜受马丁路德金纪念日假期影响，1月19日美股休市一日，CME旗下贵金属、美国原油 期货合约交易提前于北京时间20日03:30结束，美债、股指期货合约交易提前于北京时间20日02:00结 束，ICE、CBOT旗下农产品相关交易休市一日，敬请留意。 ...

【导读】上期所：调整锡期货交易保证金比例、涨跌停板幅度及交易限额 中国基金报记者 晨曦 有色金属期货波动加大，交易所出手了！ 1月15日，上期所发布《关于调整锡期货交易保证金比例、涨跌停板幅度及交易限额的通知》 （以下简称《通知》）。 《通知》主要包含两项重要内容： 一是关于调整锡期货交易保证金比例、涨跌停板幅度。 | 물판 | 米跌 | 现行标准(%) | | | 调整后标准(%) | | | --- | --- | --- | --- | --- | --- | --- | | | | 交易保证金 | | 涨跌 | 交易保证金 | | | | 停板 | 套保持 | 一般持 | 停板 | 套保持 | 股持 | | | | 日 | ਦਿ | | a | 日 | | ਸ | R | 9 | 10 | 11 | 12 | 13 | 关于交易保证金比例和涨跌停板幅度的其他事项按《上海期货交易所风险控制管理办法》及 相关业务规则执行。 二是关于调整锡期货合约交易限额。 自2026年1月16日（即1月15日夜盘）交易起，非期货公司会员、境外特殊非经纪参与者、 客户在锡期货各合约的日内开仓交易的最大数量为800手。实际控 ...

另外，自2026年1月9日（即1月8日夜盘）交易起，非期货公司会员、境外特殊非经纪参与者、客户在白 银期货各合约的日内开仓交易的最大数量为7000手。 本报讯 1月7日晚间，上期所发布通知称，自2026年1月9日（星期五）收盘结算时起，白银期货2601、 2602、2603、2604合约的涨跌停板幅度调整为16%，套保持仓交易保证金比例调整为17%，一般持仓交 易保证金比例调整为18%。 自2026年1月9日交易（即1月8日晚夜盘）起，白银期货2604合约日内平今仓交易手续费调整为成交金额 的万分之二点五，锡期货2602合约日内平今仓交易手续费调整为15元/手。 上期所还表示，近期国际形势复杂多变，金属品种波动较大，请各有关单位采取相应措施，提示投资者 做好风险防范工作，理性投资，共同维护市场平稳运行。（鲍仁） ...

1月7日晚间，上海期货交易所发布多条通知。 上期所提示，近期国际形势复杂多变，金属品种波动较大，请各有关单位采取相应措施，提示投资者做 好风险防范工作，理性投资，共同维护市场平稳运行。 上期所同时发布关于调整白银期货合约交易限额的通知。通知称，根据《上海期货交易所风险控制管理 办法》的有关规定，经研究决定，自2026年1月9日（即1月8日夜盘）交易起，非期货公司会员、境外特 殊非经纪参与者、客户在白银期货各合约的日内开仓交易的最大数量为7000手。实际控制关系账户组日 内开仓交易的最大数量按照单个客户执行。套期保值交易和做市交易的开仓数量不受此限制。 此外，上期所调整白银等期货品种相关合约交易手续费。根据通知，自2026年1月9日交易（即1月8日晚 夜盘）起：白银期货AG2604合约日内平今仓交易手续费调整为成交金额的万分之二点五。锡期货 SN2602合约日内平今仓交易手续费调整为15元/手。 综合自：上期所官方网站 责编：叶舒筠 校对：许欣 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追究相 关行为主体法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：Sec ...

Economic Information - The Shanghai Futures Exchange has adjusted the trading fees for silver futures contracts, effective from December 24, 2025. The trading fee for the AG2602 contract will be 0.025% of the transaction amount, while the AG2604 contract will be 0.005% [2] - The average price of second-hand residential properties in 100 cities in November was 13,143 yuan per square meter, a month-on-month decrease of 0.94% and a year-on-year decrease of 7.95%. The average price of new residential properties was 17,036 yuan per square meter, with a month-on-month increase of 0.37% and a year-on-year increase of 2.68% [2] Company Alerts - Chuangshi Technology's controlling shareholder and actual controller has been placed under detention [5] - Xiangyuan Cultural Tourism's actual controller, Yu Faxiang, has been subjected to criminal coercive measures due to suspected criminal activity [5] - Jiao Jian Co., Ltd.'s actual controller, Yu Faxiang, has also been subjected to criminal coercive measures [5] - Hongqi Chain's shareholder Yonghui Supermarket plans to reduce its holdings by no more than 3% [5] - Yuehai Feed's shareholders plan to reduce their holdings by no more than 3% [5] - *ST Dongtong has received a decision for stock delisting, with the last trading date expected to be January 21, 2026 [5] - Tianji Technology and related responsible persons are facing litigation for suspected collusion in bidding [5] Overseas Alerts - The Japanese government is increasingly likely to intervene in the foreign exchange market as the yen continues to depreciate following the recent interest rate hike by the Bank of Japan [7] - A report from a German economic research institute indicates that Germany's exports to the U.S. have significantly declined by 7.8% in the first three quarters of this year due to increased tariffs [7]