I.Individual Clients
When an Account Opening Institution applies for a trading code or trading
access on behalf of an individual Client, such individual Client should meet the
following criteria:
(i)having full capacity for civil conduct;
(ii)having basic knowledge about futures trading and an understanding of the
relevant rules;
(iii)having records of no fewer than 20 simulated futures or options trades
from at least 10 days of trading on Chinese futures exchanges; or having no
fewer than 10 trades in futures, options or other centrally cleared derivatives
at a Chinese trading venue in the past three years; or having no fewer than
10 trades in futures, options or other centrally cleared derivatives in the past
three years on overseas exchanges regulated by competent futures regulatory
authorities that have signed an MOU on regulatory cooperation with the CSRC
(such overseas trading records are hereinafter referred to as the “Recognized
Overseas Trading Record”);
(iv)having an available balance of no less than RMB 500,000 or its equivalent
in foreign currency in his or her margin account on each of the five consecutive
trading days before applying for the trading code or trading access;
(v)having no material adverse credibility records, having never been subjected
to a ban from the futures market by any competent regulatory authority, and
pursuant to any laws, rules and regulations, or the rules of the Exchange, having
never been banned or restricted from engaging in futures trading; and
(vi)meeting any other conditions required by the Exchange.
II.Institutional Clients
When an Account Opening Institution applies for a trading code or trading
access on behalf of an institutional Client, such institutional Client should meet
the following criteria:
(i)having the corresponding personnel with basic knowledge about futures
trading and an understanding of the relevant rules;
(ii)having records of no fewer than 20 simulated futures or options trades from at
least 10 days of trading on Chinese futures exchanges; or having no fewer than
10 trades in futures, options or other centrally cleared derivatives at a Chinese
trading venue in the past three years; or having a Recognized Overseas Trading
Record for no fewer than 10 trades in the past three years;
(iii)having an available balance of no less than RMB 1,000,000 or its equivalent
in foreign currency in its margin account on each of the five consecutive trading
days before applying for the trading code or trading access;
(iv)having sound internal control, risk management and other relevant rules on
futures trading;
(v)having no material adverse credibility records, having never been subjected
to a ban from the futures market by any competent regulatory authority, and
pursuant to any laws, rules and regulations, or the rules of the Exchange, having
never been banned or restricted from engaging in futures trading; and
(vi)meeting any other conditions required by the Exchange.
III.Exemptions
(i)When assessing the eligibility of a Client who meets any of the following
criteria, the Account Opening Institution may waive the basic knowledge and
trading experience requirements. In addition, if the Client is already trading a
listed product subject to investor eligibility requirements (“eligibility-restricted
product”), and the available fund balance required by that product is no lower
than what is required by the product the Client is currently applying for, then the
available fund balance requirement may also be waived:
1.having obtained trading access to any eligibility-restricted product listed on
another Chinese commodity futures exchange;
2.having obtained a trading code for financial futures;
3.having obtained trading access to options listed on Chinese stock exchanges;
and
4.having obtained a trading code from the Exchange and trading access to an
eligibility-restricted product listed on the Exchange, and currently applying for
trading access to another product listed on the Exchange.
The Client needs to provide supporting materials for the above-mentioned
qualifications.
(ii)When assessing a Client’s eligibility, an Account Opening Institution should
make full use of existing information and assessment results. Accordingly, it may
skip an assessment item that was examined before and any supporting material
that has been submitted before.
If a Client already has trading access to an INE product, then at the same
Account Opening Institution, it may automatically acquire the trading access to
other INE products subject to the same or lower requirement on available fund
balance.
(iii)An Account Opening Institution may waive the basic knowledge, trading
experience, or available fund balance requirements when applying for a trading
code or trading access to an eligibility-restricted product on the behalf of a
Client, if the Client:
1.is a professional investor as defined in the Measures for the Administration of
Securities and Futures Investors Suitability;
2.has trading access to an eligibility-restricted product and is applying for access
to the same product at a different Account Opening Institution (the Client shall
furnish the corresponding supporting materials);
3.has the records for executing trades in futures, options, or any centrally
cleared derivatives at a Chinese trading venue for no fewer than 50 trading
days within the past year, or the Recognized Overseas Trading Record for the
equivalent (the Client shall furnish the corresponding detailed trading records,
settlement statements, or similar supporting documents); or
4.is a market maker, Special Institutional Client, or another type of trader
specially recognized by the Exchange.
“Special Institutional Client” refers to an institutional Client that is required by
laws, administrative regulations, or ministry-level rules to manage assets in
segregated accounts. The term includes but is not limited to financial institutions
such as futures firms, securities companies, fund management companies,
and trust companies, social security funds, and Qualified Foreign Institutional
Investors.
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。
