【导读】上期所连发多条公告提示风险、调整交易限额等 中国基金报记者 李智 1月7日，上海期货交易所（以下简称上期所）连发多条公告提示风险、调整交易限额等。 | 公告通知 | | | --- | --- | | · 关于调整白银期货相关合约交易保证金比例和涨跌停板幅度的通知 | 2026-01-07 | | · 关于调整白银期货合约交易限额的通知 | 2026-01-07 | | · 关于做好市场风险控制工作的通知 | 2026-01-07 | | · 关于调整白银等期货品种相关合约交易手续费的通知 | 2026-01-07 | | · 关于对部分客户采取限制开仓监管措施的公告 | 2026-01-07 | | · 关于2025年12月自律监管信息的公告 | 2026-01-07 | 公告称，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。 同日，上期所发布关于调整白银期货合约交易限额的通知。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 ...

上期所还调整了白银期货相关合约交易保证金比例和涨跌停板幅度。根据通知，自2026年1月9日（星期五）收盘结算时起，交易保证金比例和涨跌停板幅 度调整如下：白银期货AG2601、AG2602、AG2603、AG2604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%。 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。 | 合约 | 一般交易手 续费额(元/ | 套期保值交 易手续费额 | 日内平今仓 交易手续费 | 日内平今仓 套期保值交 | | --- | ...

Core Insights - The "Tongzhou Cup" special award has gained significant attention in the market due to its distinct industry characteristics and professional competition design [1] - Participants in the peanut category, such as Han Jingbo and Huang Liwei, shared their practical experiences and insights from the competition, highlighting their deep industry backgrounds and trading strategies [1][2] Group 1: Participants' Backgrounds - Han Jingbo from Henan Chishu Agricultural Development Co., Ltd. has 16 years of experience in the futures industry, focusing on peanut futures since its inception [1] - Huang Liwei, known as "Mifei Agricultural Products," has been involved in futures since 2009, with a strong focus on agricultural products, particularly peanuts [2] Group 2: Trading Strategies - Han Jingbo employs a strategy combining arbitrage and options selling, leveraging his background in risk management and physical trade to make subjective arbitrage decisions [3] - Huang Liwei emphasizes flexibility in strategy, adjusting approaches based on market conditions and utilizing options to enhance capital efficiency and returns [3] Group 3: Risk Management - Han Jingbo maintained a maximum drawdown of approximately 2.2% during the competition, adhering to strict stop-loss disciplines based on absolute amounts [4] - Huang Liwei highlighted the importance of adapting to market changes, using his deep industry understanding to manage risks effectively, keeping drawdowns within acceptable limits [4] Group 4: Value of the Competition - Both participants acknowledged the value of the "Tongzhou Cup" in expanding their trading perspectives and enhancing their market understanding through interaction with other skilled traders [5] - The competition serves as a professional platform for industry participants to exchange ideas and learn from each other, contributing to the growth of the futures market [6]