The Shanghai Stock Exchange has issued a 2026 revision to its 2020 Securities
Company Stock Options Brokerage Business Guide with three market-facing changes.
It establishes full mutual recognition of Shanghai–Shenzhen derivatives contract
accounts—investors with existing Shenzhen accounts may open Shanghai derivative
accounts without further entry review. Qualified foreign institutional investors
(QFII/RQFII) are permitted to trade Shanghai-listed ETF options, with trading
explicitly limited to hedging. For new accounts, the basic long-position limit
rises from 20 to 100 contracts; the top-tier position quota asset threshold is
lowered from 5 million yuan to 3 million yuan; and the previous cap limiting
individuals and institutions to a maximum of five contract accounts is removed.
The SSE says the revisions are intended to facilitate securities firms’
participation in Shanghai equity options and support options market development,
liquidity and international competitiveness.
