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[SHANGHAI] The China Financial Futures Exchange said on Wednesday it would take further steps to curb excessive speculation in stock index futures trading, in its second tightening of rules in less than a week.
Starting from September 7, margin requirements for non-hedging futures contracts will rise to 40 per cent of contract values from 30 per cent now, the exchange said on its microblog Weibo feed.
Margin requirements for hedging futures contracts will also rise to 20 per cent from 10 per cent.
Last week, the China Securities Regulatory Commission said the futures exchange would raise requirements for non-hedging futures contracts to 30 per cent of contract values from Monday.