The CSRC just announced officially!CSI 1,000 stock index futures and options are listed on Friday this Friday

Economic Observer reporter Chen Shan on July 18, the CSRC issued an announcement through its official website that the CSRC recently approved the China Financial Futures Exchange (hereinafter referred to as the "China Gold Institute") to carry out 1,000 stock index futures and options transactions, related contracts, related contracts, and related contracts. The official listing transaction time was July 22, 2022.

According to public information, the target of the 1,000 -stock index futures and option contracts of CSI is the CSI 1000 index compiled and released by CSI Index Co., Ltd. The CSI 1,000 index is composed of 1,000 stocks after the market value of the A -share 300 and the CSI 500 index.

Specifically, the number of contract multiplications of the 1,000 -stock index futures of CSI is 200 yuan per point. Based on the current CSI 1,000 index of about 7000 points, the contract value of the contract for 1,000 stock index futures is about 1.4 million yuan. At present, the scale of the three stock index futures product contracts is between 900,000 and 1.3 million yuan. The scale of the contract of the 1,000 stock index futures of China C Securities is equivalent to the current scale of the three stock index futures products that have been listed.

In addition, the other main terms of the 1,000 stock index futures contract of CSI are basically consistent with the existing three stock index futures products. The quotation unit is index point. The minimum change price is 0.2 points. The contract month is the month, next month, and the next two quarters. The transaction time is 9: 30-11: 30 and 13: 00-15: 00. The range of ups and downs is ± 10%of the settlement price of the previous trading day. The limit of the final trading day of the contract during the expiration month was ± 20%of the settlement price of the previous trading day. The minimum transaction margin standard is designed to 8%of the contract value. The last trading day is the third Friday of the contract expiration month, and the national statutory holiday is postponed. The final trading day is the delivery day. The delivery method is cash delivery. The contract code of the 1,000 -stock index futures of CSI is IM.

The number of contracts for the 1,000 -stock index option contract of CSI is 100 yuan per point, consistent with the listed 300 -Shenzhen -Shenzhen -stock index options. Based on the current CSI 1,000 index about 7000 points, the contract value of the contract for the 1,000 -share index options of the CSI is about 700,000 yuan, which is slightly higher than the 300 -Shenzhen -Shenzhen stock index options (about 450,000 yuan). The other main terms of the 1,000 -stock index option contract of China C Secort are basically consistent with the listed 300 -Shenzhen -Shenzhen -stock index options. The type of contract is to see the options and see the options. The quotation unit is index point. The minimum change price is 0.2 points. The maximum daily price fluctuation limit is ± 10%of the closing price of the 1000 index of the 1000 index on the previous trading day. The contract month is the month, the next two months and the subsequent three quarters. Exhancement price coverage of the CSI 1000 index on the closing price on the previous trading price of 10%of the corresponding price range. The way to do is European style. The transaction time is 9: 30-11: 30, 13: 00-15: 00. The last trading day is the third Friday of the contract expiration month, and the national statutory holiday is postponed. The maturity date is the same as the last trading day. The delivery method is cash delivery. CSI 1,000-stock index option contracts to watch option code for the MO contract month-C-, and the decline in option transaction code is the MO contract month -P- permit price.

Ma Wensheng, chairman of Xinhu Futures, told reporters that the CSI 1000 Index ingredients and the target index of the stock index futures varieties of the China Stock Exchange and the market index futures have the Shanghai and Shenzhen 300 Index, the Shanghai Stock 50 Index, and the CSI 500 Index. Listing 1,000 stock index futures and options will help the formation of a relatively complete risk management product system covering large, medium and small -cap stocks.

The CSRC also pointed out in the above announcement that stock index futures and options are risk management tools for the capital market and an important part of multi -level capital markets. In recent years, my country's stock market has expanded steadily, and the demand for risk management of investors has increased. The listing of 1,000 stock indexes and options of CSI is an important measure to comprehensively deepen the capital market reform, which helps to further meet investors' risk aversion needs, improve and improve the stability mechanism of the stock market, and help the capital market steadily and healthy development. In the next step, the CSRC will urge CICC to do all the work to ensure the steady launch and steady operation of 1,000 stock index futures and options.

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