Group 1 - The Zhengzhou Commodity Exchange announced the margin standard for the power coal futures contract 2701 to be set at 50% and the price fluctuation limit at 10% [1] Group 2 - The maximum number of contracts that non-futures company members or clients can open in a single day is limited to 20 lots, which includes both buy and sell positions [2] - For those who exceed the trading limit for the first time, the exchange will impose a suspension of opening new positions for no less than 5 trading days, and for a second violation, the suspension will last for no less than 1 month [2] - Severe violations will be handled according to the relevant provisions of the Zhengzhou Commodity Exchange's violation handling measures [2]

Core Viewpoint - The Zhengzhou Commodity Exchange has announced new trading margin standards and limits for the power coal futures contract 2701, indicating regulatory adjustments in the futures market [1] Group 1: Trading Margin and Limits - The trading margin standard for the power coal futures contract 2701 is set at 50% [1] - The price fluctuation limit for this contract is established at 10% [1] Group 2: Trading Quantity Restrictions - Non-futures company members or clients are limited to a maximum of 20 contracts for opening positions in a single day [1] - The daily opening position quantity is defined as the sum of the buy and sell opening positions in a single futures contract [1] - For accounts under actual control, the daily opening position limit is enforced per individual client [1] Group 3: Exemptions - Hedging transactions and market-making transactions are exempt from the trading quantity limits [1]

Group 1 - The Zhengzhou Commodity Exchange has set the margin requirement for the 2701 contract of thermal coal futures at 50% and the price limit at 10% [1] - Non-futures company members or clients are allowed to open a maximum of 20 contracts in a single trading day [1]