Any domestic 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. INE 

encourages investors and oil-related commercial clients to engage 

in hedging trades in the crude oil futures market.

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