[SHFE] Circular on Releasing the Revised Hedge Trading Rules of the Shanghai Futures Exchange, Risk Management Rules of the Shanghai Futures Exchange and Relevant Product Rules
The revised Hedge Trading Rules of the Shanghai Futures Exchange, Risk Management Rules of the Shanghai Futures Exchange and Relevant Product Rules have been reviewed and adopted by the Board of Directors of Shanghai Futures Exchange (SHFE), and reported to the China Securities Regulatory Commission. These rules are hereby released and shall take effect from January 1, 2026, however, the adjustments to the position limits for aluminum oxide and natural rubber futures in general months, first month prior to the delivery month and delivery month shall apply starting from the 2603 futures contract.
All members are requested to issue reminders before the implementation of the revised rules.
Please visit the official website of SHFE for the Chinese version. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.
Appendices:
2. Hedge Trading Rules of the Shanghai Futures Exchange (revised)
3. Risk Management Rules of the Shanghai Futures Exchange (revised)
4. Various Product Rules (Revised)
Shanghai Futures Exchange
November 28, 2025
For more details, please refer to the links:
https://www.shfe.com.cn/eng/CircularNews/Circular/202511/t20251128_829630.html