本报讯（记者鲍仁）2月2日，上期所、广期所分别发布公告，对违规交易行为作出处理。 另外，上海久斯资产管理有限公司、上海久斯企业发展有限公司、海南韵澜实业有限公司3名客户存在 实际控制关系，2025年11月18日至12月9日连续15个交易日合并持仓超过PS2512合约持仓限额，违反 《广州期货交易所违规违约处理办法》第二十六条第一项"利用分仓等不正当手段，规避交易所持仓限 制"的规定。相关客户违规持仓行为盈利4156269元。广期所决定给予上海久斯资产管理有限公司、上海 久斯企业发展有限公司、海南韵澜实业有限公司没收违规所得4156269元、公开谴责、暂停开仓交易12 个月的纪律处分，并将上述当事人的纪律处分结果记入证券期货市场诚信档案。 （文章来源：期货日报网） 另外，2025年8月22日至2025年9月5日，刘烈军操纵自己账户与吴光宇账户在氧化铝、天然橡胶期权合 约上存在实施事先约定的相互交易、转移资金，扰乱市场秩序的行为。上述行为已构成《上海期货交易 所违规处理办法》第三十二条第一款第三项规定的违规行为，依据该办法第三十二条，上期所给予刘烈 军通报批评处分，并责令改正，给予刘烈军自收到违规处理决定书次日起 ...

全球金融市场遭遇"黑色星期一"，大宗资产价格上演史诗级暴跌。 继上周五暴跌后，今日贵金属继续重挫。其中，现货白银一度抹去今年迄今全部涨幅，盘中一度暴跌超15%，黄金暴跌近10%。此外，国内多个期货品种 跌停。 广期所处理两起违规交易行为 上期所处理3起违规交易行为并提示风险 上期所发布的3份公告如下： 2025年8月12日，张某运账户与王某克账户在铝合金期权合约上，存在实施事先约定的相互交易、转移资金的行为。上述行为已构成《上海期货交易所违 规处理办法》第三十二条第一款第三项规定的违规行为，依据该办法第三十二条，交易所决定给予张某运、王某克通报批评处分。责令改正，给予张某 运、王某克自收到违规处理决定书次日起暂停开仓交易2个月的处分。 2025年8月22日至2025年9月5日，刘某军操纵自己账户与吴某宇账户在氧化铝、天然橡胶期权合约上存在实施事先约定的相互交易、转移资金，扰乱市场 秩序的行为。上述行为已构成《上海期货交易所违规处理办法》第三十二条第一款第三项规定的违规行为，依据该办法第三十二条，交易所决定给予刘某 军通报批评处分。责令改正，给予刘某军自收到违规处理决定书次日起暂停开仓交易2个月的处分。 202 ...

Group 1 - The internationalization of the futures market in China is being enhanced, with plans to expand the number of futures and options products available for foreign investors to 100 [1] - Three futures exchanges in China have announced the addition of 16 new futures and options products for qualified foreign institutional investors (QFII) [1][2] - The total number of futures and options products available for QFII has increased from 46 to 75 in the first quarter of this year, covering major sectors of the economy [2] Group 2 - After the addition of 16 new products, the total number of futures and options available for qualified foreign investors has reached 91, laying a solid foundation for further market opening [3] - The expansion of products available for foreign investors is expected to enhance China's influence in the global commodity market and provide better price signals for industrial enterprises [3] - Starting from October 9, 2025, qualified foreign investors will be allowed to participate in on-exchange ETF options trading, limited to hedging purposes [3]

Group 1 - The central financial committee issued opinions to accelerate the construction of Shanghai as an international financial center, aiming for significant improvements in financial system adaptability, competitiveness, and inclusiveness over the next five to ten years [1] - The opinions emphasize enhancing Shanghai's role as a global hub for RMB asset allocation and risk management, aligning its status with China's comprehensive national strength and international influence [1] Group 2 - The first meeting of the Shanghai International Financial Center Construction Coordination Promotion Mechanism was held, attended by key financial leaders, discussing the support from central financial institutions [2] - The meeting reviewed the progress of the Shanghai International Financial Center construction and deliberated on related topics [2] Group 3 - The 2025 Lujiazui Forum opened with a theme focused on financial openness and high-quality development amid global economic changes, featuring speeches from prominent financial officials [3] Group 4 - The China Securities Regulatory Commission (CSRC) announced the formal implementation of a third set of standards for the ChiNext board, allowing unprofitable companies to list under specific conditions [4] - The CSRC is also promoting the development of sci-tech bonds and accelerating the launch of sci-tech bond ETFs [4] Group 5 - The CSRC announced that qualified foreign investors will be allowed to participate in ETF options trading starting from October 9, 2025, with a focus on hedging [5] - Further reforms to optimize the qualified foreign investor system are expected to enhance the capital market's openness [5] Group 6 - The Financial Regulatory Bureau and Shanghai Municipal Government jointly issued an action plan to support the construction of the Shanghai International Financial Center, aiming to enhance its competitiveness and influence [6] Group 7 - The Shanghai Futures Exchange will expand the range of commodities available for trading by qualified foreign institutional investors, including natural rubber, lead, and tin [8]

Financial Policy and Market Developments - The People's Bank of China announced eight significant financial opening measures at the 2025 Lujiazui Forum, including the establishment of an interbank market trading report library and a digital RMB international operation center [3] - The China Securities Regulatory Commission (CSRC) introduced a "1+6" policy to deepen the reform of the Sci-Tech Innovation Board, aiming to enhance market attractiveness and competitiveness [3][4] - The State Administration of Foreign Exchange (SAFE) will implement a package of foreign exchange innovation policies in the free trade pilot zone, including optimizing international trade settlement [3][4] Regulatory and Institutional Support - The Financial Regulatory Bureau and Shanghai Municipal Government jointly released an action plan to support the construction of Shanghai as an international financial center, promoting innovation in technology finance and cross-border finance [3][4] - The CSRC announced that starting from October 9, 2025, qualified foreign investors will be allowed to participate in on-market ETF options trading, aimed at expanding investment opportunities for foreign institutions [3][4] Market Expansion and Investment Opportunities - The Shanghai Futures Exchange will expand the range of commodities available for qualified foreign institutional investors, including natural rubber and lead futures contracts [4] - The Shanghai Stock Exchange is drafting guidelines to support the listing of unprofitable technology companies, enhancing the inclusivity and adaptability of the capital market [3][4] International Financial Cooperation - The Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan was signed, supporting the optimization of free trade account functions and encouraging the use of RMB for cross-border transactions [4] - The Central Financial Committee issued opinions to accelerate the construction of Shanghai as an international financial center, promoting high-quality development of multi-level equity markets [4]

Group 1 - The China Securities Regulatory Commission (CSRC) announced that starting from October 9, 2025, qualified foreign institutional investors (QFIIs) will be allowed to participate in on-exchange ETF options trading, with the purpose limited to hedging [1] - This initiative is part of the CSRC's efforts to implement the decisions made during the 20th National Congress of the Communist Party of China, aimed at optimizing the QFII system [1] - The CSRC has already relaxed restrictions for QFIIs in participating in domestic commodity futures and options earlier this year, aiming to expand the investment scope for foreign investors and enhance the stability of their investment behavior in A-shares [1] Group 2 - The Zhengzhou Commodity Exchange announced that starting from June 20, 2025, it will expand the range of tradable products for QFIIs to include futures and options contracts for glass, soda ash, and silicon manganese [2] - The Shanghai Futures Exchange will also expand its tradable products for QFIIs from June 20, 2025, adding futures and options contracts for natural rubber, lead, and tin [2] - The Dalian Commodity Exchange will similarly expand its offerings for QFIIs from June 20, 2025, to include futures and options contracts for ethylene glycol and liquefied petroleum gas [2]

Key Points - The 2025 Lujiazui Forum highlighted significant financial reforms and initiatives aimed at enhancing China's capital market and international financial center status [1][2][3] - The People's Bank of China announced eight major financial opening measures, including the establishment of a trading report database and a digital RMB international operation center [1][2] - The China Securities Regulatory Commission (CSRC) is focusing on enhancing the inclusiveness and adaptability of the capital market, particularly through reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market [1][3] - The Financial Supervision Administration is collaborating with the Shanghai government to release an action plan to support the construction of Shanghai as an international financial center, promoting innovation in technology finance and cross-border finance [2][3] - The CSRC has announced that starting from October 9, 2025, qualified foreign investors will be allowed to participate in on-exchange ETF options trading, limited to hedging purposes [2][3] - The Shanghai Futures Exchange is expanding the range of commodities available for qualified foreign institutional investors, adding natural rubber, lead, and tin futures and options [5] - The joint action plan between Shanghai and Hong Kong aims to enhance cross-border financial services and facilitate the establishment of non-resident accounts [4][5]

Core Viewpoint - The Shanghai Futures Exchange (SHFE) is expanding the range of commodities available for trading by qualified foreign institutional investors (QFIIs) and Renminbi qualified foreign institutional investors (RQFIIs) starting from June 20, 2025 [1] Group 1 - The SHFE will add new commodity futures and options contracts for trading, including natural rubber, lead, and tin [1] - The expansion aims to enhance the participation of foreign investors in China's commodity futures and options market [1]