Your Request on Listing the Iron Ore Futures Contracts (DCE [2013] No. 239) has been received. In accordance with the relevant provisions of the “Regulations on Administration of Futures Trading” and the “Measures for the Administration of Futures Exchanges”, the official reply is hereby made as follows,
I. The listing of the iron ore futures contracts on your exchange is hereby approved.
II. Dalian Commodity Exchange (DCE) should determine the specific time of the listing of the contracts in accordance with the market conditions and the progress of the preparations.
III. In a highly responsible way and in accordance with the requirements for “high standards, steady start”, DCE should further make the preparations effectively before the listing so as to ensure the smooth introduction and stable operation of the iron ore futures.
IV. After the listing of the iron ore futures, DCE should, in line with the fundamental requirements for serving the real economy, pay close attention to the conditions of the iron ore spot market, and effectively prevent and resolve the market risks; your exchange should strengthen the market supervision over the iron ore futures, and effectively fulfill the responsibilities of regulation and service for trading, settlement, delivery, inspection and other important processes; your exchange should step up the efforts in the market training and the cultivation of the institutional investors, and vigorously introduce industrial clients.
DCE should inform the China Securities Regulatory Commission of important issues during the course of organizing the trading of the iron ore futures contracts.
China Securities Regulatory Commission