To all concerning parties:

To facilitate the further participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter collectively referred to as “Qualified Foreign Investors”, or QFIs) in the trading of commodity futures and options of Shanghai Futures Exchange (SHFE), SHFE is hereby notifying the following matters:

1. Please see the attachment for the list of banks with the qualification to conduct futures margin depository business for QFIs.

2. Futures Firm Members entrusted by QFIs to trade SHFE’s commodity futures and options shall open accounts for QFIs in accordance with the Management Rules on the Account Opening of Futures Market Clients, and the Business Guidelines on the Account Opening of Special Corporate Clients issued by the China Futures Market Monitoring Center (CFMMC), and manage the trading access of their clients in strict compliance with the Circular on Further Expanding the Investment Scope of Qualified Foreign Investors in Commodity Futures and Options and other relevant requirements.

For QFIs trading products with investor eligibility requirements, Futures Firm Members shall strictly comply with the relevant requirements in the Futures Trading Participant Eligibility Management Rules of the Shanghai Futures Exchange, and the Guidelines on Futures Trading Participant Eligibility Management of Shanghai Futures Exchange, and properly manage the eligibility of QFIs.

3. Futures Firm Members shall properly interpret rules on trading access management and other relevant rules, fully remind QFIs of matters and risks related to the trading, clearing, and other businesses, and guide QFIs to engage in trading commodity futures and options in an orderly manner.

4. All concerning parties are suggested to make full preparations for QFIs’ participation in trading commodity futures and options, strengthen risk prevention and control, and ensure the stable operation of the market.

Attachment:

1. Designated Depository Banks of Shanghai Futures Exchange

Shanghai Futures Exchange

September 1, 2025

关于进一步扩大合格境外投资者参与商品期货、期权交易范围的公告

〔2025〕105号

经中国证监会同意，自2025年9月10日（即当日9:00开盘）起，上海期货交易所（以下简称上期所）将进一步扩大合格境外机构投资者和人民币合格境外机构投资者（以下统称合格境外投资者）可交易品种范围，新增开放以下商品期货、期权合约：

一、石油沥青期货合约。

二、燃料油、石油沥青、纸浆期权合约。

特此公告。

上海期货交易所

2025年9月1日