All Members,

To better meet the requirement that finance serves for the real economy, further reduce trading and holding costs for market participants, and duly play the role of optimizing resource allocation and benefiting industrial enterprises, Shanghai Gold Exchange (SGE) will cut the deferred contracts rates starting from 1st November, according to the Trading Rules of Shanghai Gold Exchange and other relevant provisions. The rates are as follows:

In the future, SGE will prompt assess and adjust deferred contracts rates based on the market conditions. All members are advised to update the deferred contracts rates in their systems and to enhance investor education and publicity.