Any domestic individual investor intending to participate in 

China’s crude oil futures market should meet the requirements 

under the Futures Trading Participant Eligibility Management 

Rules of the Shanghai International Energy Exchange, including 

but not limited to the following: having full capacity for civil 

conduct; understanding the essentials of futures trading and the 

rules of INE; having passed relevant tests; futures trading history 

and record; having a cash balance of no less than RMB 500,000 or 

its foreign currency equivalent in his/her margin account last for 

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

having no material adverse credit records and not banned from 

the futures market by the relevant regulatory authority; having 

never been prohibited or banned from engaging in futures trading 

pursuant to any laws, regulations, and any rules of INE.

All Eligible traders need to abide by the laws and regulations of 

China, the rules of INE, as well as. In addition, clients not able to 

accept or issue the tax invoices required by INE are not allowed to 

engage in physical delivery of the crude oil futures.

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