CSRC Spokesperson Answers Reporter's Questions on Disciplinary Measures Imposed by China Securities Regulatory Commission on Shanghai Gold Exchange

On February 28, the spokesperson of the China Securities Regulatory Commission (CSRC) answered questions from reporters regarding the disciplinary measures taken by the China Financial Futures Exchange (CFFEX). The reporter asked about CFFEX's recent disciplinary actions against a private fund management company and its controlling person for not reporting the actual control relationship accounts as required, and for engaging in high-frequency trading exceeding trading limits on stock index futures. What is CSRC's comment on this? Recently, CFFEX has taken regulatory measures against relevant clients for violating the management of actual control relationship accounts in the futures market, in accordance with regulations. This is a measure taken to fulfill the regulatory responsibilities of the exchange. CSRC has always upheld a strict regulatory tone, guiding securities exchanges and CFFEX to strengthen the coordination of spot and futures market regulation, and to penetrate surveillance into various trading behaviors, including high-frequency trading, and to strictly crack down on market violations according to law and regulations. In the next step, CSRC will continue to thoroughly implement the spirit of the Central Financial Work Conference, comprehensively strengthen regulation, and effectively ensure the stable and healthy operation of the market. This article is selected from the official WeChat account of CSRC. Editor: Yang Wanlin.