Shanghai Stock Exchange adjusts the stock period authority opening standard
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China's Shanghai Stock Exchange issued a notice on Monday saying that it will adjust the stock opening authority opening standard, further improve the stock option risk management, and protect the legitimate rights and interests of parties to stock options trading.
The notice states that if the contract is marked as a stock, the total number of contract objects corresponding to the non-virgin value open interest options of the same expiration month of a single contract product reaches or exceeds 30% of the total circulation of the stock, from the next trading day. Suspension of the opening and closing of the call option for the expiration month of the contract type (excluding the opening of the stock exchange).
The notice is clear that if the ratio falls below 28%, you can buy and open positions and open positions from the next trading day.
In addition, the contract is marked as an exchange-traded fund, and the non-virgin value open call option (including the stock exchange opening position) of the same expiration month for a single contract type, the total number of corresponding contract targets reaches or exceeds the circulation of the exchange-traded fund. 75% of the total amount (based on the trading system data of the Exchange), from the next trading day, suspend the opening and closing of the call option of the corresponding maturity month of the contract type (except for the open stock exchange) .
If the ratio falls below 70%, you can buy open positions and sell open positions from the next trading day.
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