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Guidelines for the Participation in Stock Index Futures Trading by Qualified Foreign Institutional Investors
合格境外机构投资者参与股指期货交易指引

Qualified foreign institutional investors allowed to trade stock index futures for hedging purposes.

合格境外机构投资者获准参与套期保值的股指期货交易。

Issue: June 2011

CLP Reference: 3700/11.05.04

PRC Reference: 证监会公告 [2011] 12号

Promulgated: 04 May 2011

Effective: 04 May 2011

Keywords (click to search): qualified foreign institutional investors QFII stock index futures hedging China Financial Futures Exchange CFFEx

(Promulgated by the China Securities Regulatory Commission on, and effective as of, May 4 2011.)

(中国证券监督管理委员会于二零一一年五月四日发布施行。)


Announcement of the CSRC [2011] No.12

证监会公告 [2011] 12号


Article 1: These Guidelines have been formulated pursuant to provisions such as the Measures for the Administration of Securities Investments in China by Qualified Foreign Institutional Investors (Order of the CSRC No.36) and the Provisions on Foreign Exchange Control in Connection with Securities Investments in China by Qualified Foreign Institutional Investors (Announcement of the State Administration of Foreign Exchange [2009] No.1) in order to regulate the participation in stock index futures trading by qualified foreign institutional investors (QFIIs).

第一条 为了规范合格境外机构投资者(以下简称合格投资者)参与股指期货交易的行为,根据《合格境外机构投资者境内证券投资管理办法》(证监会令第36号)、《合格境外机构投资者境内证券投资外汇管理规定》(国家外汇管理局公告〔2009〕第1号)等规定,制定本指引。


Article 2: For the purposes of these Guidelines, the term “stock index futures” means financial futures contracts, the subject matter of which is a stock price index, that are approved by the China Securities Regulatory Commission (the CSRC) and that are listed and traded on the China Financial Futures Exchange (the CFFEx).

第二条 本指引所称股指期货,是指经中国证券监督管理委员会(以下简称中国证监会)批准、在中国金融期货交易所(以下简称中金所)上市交易的、以股票价格指数为标的的金融期货合约。



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