CSRC Expands QFII and RQFII Access to Commodity Futures, Options
Summary
CSRC, in joint deliberation with the People's Bank of China and the State Administration of Foreign Exchange, announces that starting November 1, 2021, Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors will be eligible to trade commodity futures, commodity options and stock index options listed on approved trading venues. Stock index options trading is limited to hedging purposes only.
What changed
CSRC has announced that Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors will be eligible to trade commodity futures, commodity options and stock index options on exchanges approved by the State Council or CSRC, effective November 1, 2021. Stock index options trading is limited to hedging purposes only. This expands the investment scope previously available to foreign investors under CSRC Decree No. 176.
Affected investors and trading venues must prepare for expanded market access and ensure compliance systems accommodate new derivative products. Firms utilizing stock index options must restrict such trading to hedging purposes as specified in the announcement.
What to do next
- Prepare systems and compliance programs for November 1, 2021 effective date
- Update trading policies to reflect new eligible instruments
- Implement hedging controls for stock index options trading
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
CSRC Announcement [2021] No. 24
2021-10-15
C src A nnouncement on trading s by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors in fi nancia l deri va tives
[2021] No.2 4
Oc to ber 13, 2 0 21
Th is CS RC ann ounceme nt is made pe r the joint d eli b era tion s w ith the People ’ s Bank of China (PBC) and the State Administration of Foreign Exchange (SAFE) on matters concerning tradings by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively as Qualified Foreign Investors) in financial derivatives, i n accordance with the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (CSRC Decree No. 176), as follo w:
S tarti ng from N ov ember 1, 2 021, Qualified Foreign Investors wil l be e ligible to trade commodity futures, commodity options and stock index options listed and traded on futures trading venues approved by the State Council or the CSRC. Tr adin gs i n stock index options s hall be limited fo r the s ole p urpo se of hedging.
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