INE’s LSFO futures will be traded on the basis of 

“international platform, net pricing, bonded delivery, and 

RMB denomination” to fully engage overseas traders.

As yet another futures product in China accessible to 

foreign investors (i.e., “specified domestic (futures) 

product”) after crude oil, iron ore, PTA, and TSR 20 

futures, LSFO futures will be subject to the same set of 

policies for crude oil futures and TSR 20 futures. These 

policies include those of the Ministry of Finance, the State 

Administration of Taxation, the People’s Bank of China 

(PBOC), the State Administration of Foreign Exchange 

(SAFE), the General Administration of Customs, and other 

relevant ministries and commissions on VAT, currency 

exchange, cross-border settlement, corporate and 

personal income tax, and customs supervision of bonded 

delivery for futures products.

声明：本资料仅用于投资者教育，不构成任何投资建议。我们力求本资料信息准确可靠，但对这些信息的准确性、完整性或及时性不作保证，亦不对因使用该等信息而引发的损失承担任何责任，投资者不应以该等信息取代其独立判断或仅根据该等信息做出决策。基金有风险，投资须谨慎。