CFFEX Adjusts Fees for Equity Index Futures to Facilitate Market Functioning

With the approval of the China Securities Regulatory Commission (CSRC), China Financial Futures Exchange (CFFEX) adjusts the fees for closing out intraday positions in CSI 300, SSE 50, CSI 500 and CSI 1000 Index futures contracts to 0.023% of the notional value effective March 20, 2023.

The adjustment aims to further reduce transaction costs and facilitate equity index futures market functioning, and is expected to improve market liquidity to better cater to the risk management demands of various types of investors. This will also help attract more medium and long term investment into the capital market, further enhancing market resilience and competitiveness.

Next, in line with the CSRC's policy of "system building, no intervention, and zero tolerance" and the principle of "Four Awes" and "One Synergy", CFFEX will continue to strengthen market risk monitoring and trading supervision, so as to maintain the safe and stable operations and promote the high-quality development of the financial futures market.