Page 64 - 期货和衍生品行业监管动态（2024年3月）
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期货和衍生品行业监管动态
supervision, guiding stock exchanges and CFFEX to strengthen the linkage of futures
and spot regulation, look-through regulation of various types of trading behavior,
including high-frequency trading, and cracking down on market violations in
accordance with the law. Moving forward, CSRC will continue to implement the spirit
of the Central Financial Work Conference, comprehensively strengthen supervision,
and effectively protect the smooth and healthy operation of the market.
http://www.csrc.gov.cn/csrc/c100028/c7465088/content.shtml
2. 中国证监会新闻发言人就私募基金 DMA 业务有关情况答记者问（2024 年 2
月 28 日）
问：近日，有媒体报道私募基金 DMA 业务收紧，证监会对此有何评价？
答：多空收益互换（DMA）是私募基金与证券公司开展的市场中性策略交
易，私募基金多头选择一篮子股票，同时使用股指期货套期保值，获得对冲后的
选股收益。前期，私募基金因策略原因在市场波动过程中出现了部分净值回撤，
证券公司和私募基金等主动加强风险防控，稳步降杠杆、降规模，风险得到了一
定程度消化。根据中证机构间报价系统股份有限公司数据，春节后开市以来 DMA
业务规模稳步下降，日均成交量占全市场成交比例约 3%。DMA 业务平稳降杠
杆，有助于市场风险防控，有利于市场的平稳健康运行。
下一步，证监会将对 DMA 等场外衍生品业务继续强化监管、完善制度，指
导行业控制好业务规模和杠杆，严厉打击违法违规行为，维护市场平稳运行。
China Securities Regulatory Commission Spokesperson Responses to the Press’
Inquiries on DMA Tradings of Private Equities (2024/2/28)
Q: Recently, there have been media reports that DMA tradings of private equity
funds has been tightened, what are the China Securities Regulatory Commission
(CSRC)’s comments on this?
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