| Primary Markets |
|---|
| New share issuance, bond issuance, asset-backed securities issuance, follow-on share offerings, and subscription for allotment on stock exchanges and the National Equities Exchange and Quotations (NEEQ) |
| Secondary Markets |
| 1. Stocks, depository receipts, bonds, bond repurchases*, and asset-backed securities traded or transferred on stock exchanges |
| 2. Shares and other types of securities transferred on the NEEQ |
| 3. Products and derivatives on bonds, interest rates and foreign exchange traded on the domestic inter-bank bond market (CIBM) according to the regulations of the People's Bank of China (PBC) |
| 4. Publicly offered securities investment funds |
| 5. Financial futures contracts listed and traded on the China Financial Futures Exchange (CFFEX)** |
| 6. Commodity futures contracts listed and traded on futures exchanges approved by the CSRC |
| 7. Options listed and traded on exchanges with approved of the State Council or the CSRC** |
| 8. Foreign exchange derivatives traded for hedging purposes according to the regulation of the State Administration of Foreign Exchange (SAFE) |
| 9. Private investment fund*** |
| A qualified investor can also engage in margin trading and securities lending in stock exchanges. |
| A qualified foreign investor can appoint a domestic private investment fund manager, which is under its control or under the same control with it, as its investment adviser. |
* bond repurchases are not yet accessible.
** The CSRC announced that, starting from November 1, 2021, commodity futures, commodity options, and stock index options were added as eligible financial derivatives accessible to Qualified Foreign Investors, of which tradings in stock index options shall be limited for the sole purpose of hedging. However, stock options (ETF options) and CGB Futures are not yet accessible.
*** The investment scope of such private investment funds invested by a qualified investor shall conform to 1 and 2 in the table.