On November 25, CSRC announced the launch of the listing preparations for Shenzhen 100 ETF Option and would approve SZSE to list Shenzhen 100 ETF Option in accordance with relevant procedures. Promoting the listing of Shenzhen 100 ETF Option is an important move for SZSE to implement the guiding principles of the 20th National Congress of CPC and continuously deepen the reform of the capital market. It will further improve the functions and the risk management system of the capital market, continuously enhance market vitality and resilience, and better meet the risk management needs of medium and long-term investors.

Since SZSE launched the CSI 300 ETF Option, ChiNext Board ETF Option and CSI 500 ETF Option from 2019, the market has been running smoothly. Trading was conducted rationally, with a steadily growing market size and gradually improving economic functions. The ETF options are widely recognized by the market. The introduction of ETF options will attract more funds to allocate ETF products, guide stable medium and long-term investors to invest in high-quality listed companies, and help the companies obtain better growth and development opportunities.

Shenzhen 100 ETF Option is the first exchange-traded derivative based on Shenzhen 100 Index in China, and the first option for innovative blue-chip stocks. Shenzhen 100 Index is composed of 100 SZSE-listed stocks with a large market capitalization and good liquidity, represented by innovative and growing leading enterprises which are innovative blue chips. Seventy percent of the stocks are with a market capitalization of CNY 100 billion or more and from strategic emerging industries. Therefore, Shenzhen 100 ETF Option is highly complementary to the indices of currently listed options. After the launch of Shenzhen 100 ETF Option, the domestic capital market will form an ETF option product system covering large-cap blue chips, innovative blue chips, innovative and growing stocks, and small- and medium-cap stocks, which is more conducive to giving full play to the risk hedging function of options.

Shenzhen 100 ETF Option has entered the pre-listing preparation stage. SZSE is earnestly making business and technical preparations with all parties in the market in accordance with the unified deployment of CSRC to ensure the smooth launch of Shenzhen 100 ETF Option.