Any overseas institutional investor intending to participate in 

China’s crude oil futures market should meet the requirements set 

in the Futures Trading Participant Eligibility Management Rules of 

the Shanghai International Energy Exchange, including but not 

limited to the following: having relevant business professionals 

who understand the essentials of futures trading and the rules of 

INE and have passed relevant tests; having futures trading history 

and record; having a cash balance of no less than RMB 1 million

or its foreign currency equivalent in its margin account last for 

more than five business days before applying for a trading code; 

having in place sound futures trading management rules; having 

no material adverse credit record and not banned from the futures

market by the relevant regulatory authority; having never been 

prohibited or banned from engaging in trading futures pursuant 

to any laws, rules and regulation of China or rules of INE.

All Eligible traders need to abide by the laws and regulations 

of China, the rules of INE, as well as the laws, regulations, and 

regulatory rules of their home jurisdiction. INE encourages

investors and oil-related commercial clients to engage in hedging 

trades in China’s crude oil futures market.

Overseas investors may participate in China’s crude oil futures 

market using any of following accesses: (a) Global customer may 

trade through a domestic Futures Firm (FF); (b) An INE-recognized 

Overseas Intermediaries may help its global customers execute 

and clear trades through a carry broker, either a domestic FF or an 

Overseas Special Brokerage Participant (OSBP); (c) An INE OSBP 

having direct trading right on the Exchange may help their global 

customers execute trades on the Exchange; or (d) an Overseas 

Special Non-Brokerage Participants (OSNBP) of INE that trades 

directly on the Exchange.

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