China Financial Futures Exchange is actively planning to launch options, and in-depth research and development of financial derivatives such as treasury bonds, foreign exchange futures and options. 20 10 on April 6th, CICC officially launched the Shanghai and Shenzhen 300 stock index futures contracts, with the benchmark contract prices of IF 1005, IF 1006, IF 1009 and IF 10 12 as follows. In 20 15, CICC officially launched 10 treasury bond futures and SSE 50 and CSI 500 stock index futures.
China Financial Futures Exchange was listed in Shanghai Futures Building on September 8, 2006, becoming the fourth futures exchange in China after Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange, and the first financial derivatives exchange established in China. The Exchange is a company limited by shares, and it is the first exchange in China to adopt the form of corporate organization. China Financial Futures Exchange Co., Ltd. has a registered capital of 500 million yuan.
The contributing shareholders are: Shanghai Futures Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange. Five shareholders contributed 6,543.8+billion yuan respectively, and the listed products made their debut in Shanghai and Shenzhen 300 index futures.
China Financial Futures Exchange is actively planning to launch stock index futures and stock index options, and in-depth research and development of financial derivatives such as treasury bonds, foreign exchange futures and foreign exchange options.
The shareholders' meeting is the authority of the company. The company has a board of directors, which is responsible to the shareholders' meeting and exercises the powers granted by the shareholders' meeting. The board of directors shall set up an executive committee as the daily decision-making, management and execution organ of the board of directors. The Board of Directors has special committees on transaction, settlement, remuneration, risk control, supervision and mediation.
The price limit system is divided into fuse system and price limit system. The range of daily fuse and price limit shall be set by the Exchange, and the Exchange may adjust the range of fuse and price limit of futures contracts according to market conditions.
The fuse range of stock index futures contracts is 6% of the settlement price of the previous trading day, and the price limit range is10% of the settlement price of the previous trading day. There is no price limit on the last trading day. After the daily opening, the declared price of the stock index futures contract touches the fuse price for one minute, and the contract starts the fuse mechanism.