New QFI Products
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中国期货及期权市场对外开放再进一步。自2026年9月10日起,合格境外投资者(QFI)将可参与三个新的期权品种交易。

此次新增的品种包括上海期货交易所(SHFE)的热轧卷板期权、不锈钢期权,以及上海国际能源交易中心(INE)的低硫燃料油期权,进一步拓宽了境外投资者可参与的中国大宗商品衍生品范围。

在中国市场开放的整体框架下,除了 境内特定国际化品种(“国际化品种”)外,QFI制度为境外合格投资者提供了更广泛的中国期货及期权品种参与渠道。

三个新增期权品种

2026年9月10日起,境外投资者可参与以下品种:

交易所 品种 市场接入
上海期货交易所(SHFE) 热轧卷板期权 QFI
不锈钢期权 QFI
上海国际能源交易中心(INE) 低硫燃料油期权 QFI和国际化产品

上述三个期权品种已于2026年7月获批上市。其中热轧卷板和不锈钢期权在上期所挂牌,低硫燃料油期权在上期能源挂牌。

这些新品种的推出,进一步拓宽了国际投资者通过中国期货市场可参与的大宗商品衍生品范围。

QFI可参与品种达118个

此次扩容是中国期货及期权市场持续对外开放的一部分。

自2026年9月10日起,中国各大期货交易所上市的170个期货及期权品种(含仅限对冲品种)中,QFI可参与的品种将达到118个。

对国际投资者而言,此次扩容带来更多机会:

  • 对冲大宗商品价格及经营风险
  • 通过配置中国境内大宗商品市场实现投资组合多元化
  • 围绕中国工业及能源板块构建交易策略
  • 对实物商品供应链进行风险管理

对冲大宗商品价格及经营风险  

聚焦三大品种的核心价值

热轧卷板期权

热轧卷板是重要的钢材品种,广泛应用于中国制造业、建筑业及工业领域。

上期所热轧卷板期权的推出,为市场参与者提供了管理钢材价格风险的新工具,可与现有热轧卷板期货配合使用,丰富策略组合。

不锈钢期权

不锈钢广泛应用于制造、建筑、消费品及工业领域。

上期所不锈钢期权的上市,为参与者提供了又一个价格风险管理工具,可与现有期货头寸互补,并增加了期权策略的灵活性。

低硫燃料油期权

低硫燃料油是全球航运业的重要船用燃料。

上期所能源中心低硫燃料油期权的推出,为已具备国际参与属性的燃料油期货市场增添了期权类的风险管理工具。

对于参与船用燃料油市场的大宗商品贸易商及机构而言,新期权合约为管理价格波动和构建对冲策略提供了更多选择。

中国期货市场持续对外开放

此次品种扩容标志着中国期货市场持续演进和国际参与渠道不断拓宽。

对境外投资者而言,了解 哪些品种可参与、通过何种框架参与、以及通过哪条路径进入市场 ,变得越来越重要。

目前,QFI制度覆盖的品种范围已远超单纯的国际化品种。随着中国持续扩大开放,国际投资者在能源、金属、农产品及工业品领域的配置机会日趋多元化。

参与中国期货及期权市场

东证期货新加坡为机构客户提供中国主要期货交易所的接入服务及广泛的境内大宗商品衍生品交易支持。

我司的 中国市场接入 方案覆盖 上期所、上期能源、大商所、郑商所及广期所,可通过适用的境外投资者机制参与交易;中金所品种则可通过QFI渠道参与。

联系我司团队 ,了解具体的市场准入路径及贵机构参与中国期货及期权市场的可行方案。

 

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