Dear Members,

In accordance with the holiday schedule for the Mid-Autumn Festival, SGE will be closed from September 14 (Saturday) to September 17 (Tuesday), and will resume normal trading on September 18 (Wednesday).There will be no night trading session on September 13 (Friday).

In case of volatile international gold and silver prices during the holiday, , SGE will adjust the margin rates and price limits of gold and silver deferred contracts and margin for performance-guarantee price asking contracts according to the Measures for the Administration of Risk Control of the Shanghai Gold Exchange. Detailed adjustments are as below: 

As of after-hours clearing on September 12 (Thursday), the margin rates for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 will be adjusted from 9% to 11%, and the price limit will be adjusted from 8% to 10% starting from the next trading day; the margin rates for Ag(T+D) will be adjusted from 13% to 16%, and the price limit will be adjusted from 12% to 15% starting from the next trading day; the margin for the CAu99.99 will be adjusted from 60,000 yuan per lot to 71,000 yuan per lot.

If a limit-locked market occur on September 12, higher level of margin rates and price limits will be adopted if the above adjustments are below the rates formulated in the Measures for the Administration of Risk Control of the Shanghai Gold Exchange.

Any subsequent adjustments to the margin rate and price limit will be notified separately by SGE.

All members shall raise risk prevention awareness, make detailed risk contingency plans, remind investors to be prudent in risk prevention, reasonably control positions, be rational during trading and ensure the stable and healthy operation of the market.