To streamline VAT invoicing procedures, the Shanghai Futures Exchange (SHFE) proposes to revise the Clearing Rules of the Shanghai Futures Exchange, Delivery Rules of the Shanghai Futures Exchange, Copper Cathode Futures Rules of the Shanghai Futures Exchange, Aluminum Futures Rules of the Shanghai Futures Exchange, Fuel Oil Futures Rules of the Shanghai Futures Exchange, and Cast Aluminum Alloy Futures Rules of the Shanghai Futures Exchange in accordance with the Futures and Derivatives Law, Regulations on the Administration of Futures Trading, Measures for the Administration of Futures Exchanges, and other applicable laws, administrative regulations, and administrative rules. SHFE is now welcoming public comments on the proposed changes.

Please send comments and suggestions on the revised rules to SHFE by mail or email before September 24, 2026. Please note that by responding, you agree that SHFE may use your contact information and materials for the sole purpose of this public comment process.

Contact:

Email: shfe.advice@shfe.com.cn

Tel.: +86-21-68400932; +86-21-68400937

Postal address: 300 Songlin Road, Pudong New District, Shanghai, 200122, China

Annexes:

1. Revision Notes

2. Comparative Tables

3. Clearing Rules of the Shanghai Futures Exchange (for public comments)

4. Delivery Rules of the Shanghai Futures Exchange (for public comments)

5. Copper Cathode Futures Rules of the Shanghai Futures Exchange (for public comments)

6. Aluminum Futures Rules of the Shanghai Futures Exchange (for public comments)

7. Fuel Oil Futures Rules of the Shanghai Futures Exchange (for public comments)

8. Cast Aluminum Alloy Futures Rules of the Shanghai Futures Exchange (for public comments)

Disclaimer: The rules of the Shanghai Futures Exchange are made in Chinese. The English version of these rules is for reference only and has no legal effect.

Shanghai Futures Exchange
September 17, 2026