Page 65 - 期货和衍生品行业监管动态（2024年3月）

期货和衍生品行业监管动态

A: Direct Market Access Swap (DMA) is a market-neutral strategy transactions

carried out by private equity funds and securities companies, private equity funds

choose a basket of stocks on the long side, while using stock index futures hedging, to

obtain hedged stock selection gains. In the previous period, private equity funds

experienced some net value retraction in the process of market volatility due to

strategy, securities companies and private equity funds, and other initiatives to

strengthen risk prevention and control and steadily reduce leverage and scale. The risk

has been digested to a certain extent. According to the data of China Securities

Internet System Co., Ltd, the scale of DMA business has steadily declined since the

opening of the market after the Spring Festival, and the average daily turnover

accounted for about 3% of the total market turnover.The smooth reduction of leverage

in DMA business helps market risk prevention and control, and is conducive to the

smooth and healthy operation of the market.

Moving forward, the CSRC will continue to strengthen the supervision of DMA

and other over-the-counter derivatives business, improve the system, guide the

industry to control the scale of business and leverage, crack down on illegal behavior,

and maintain the smooth operation of the market.

http://www.csrc.gov.cn/csrc/c100028/c7465086/content.shtml

3. 国家外汇管理局关于印发《对外金融资产负债及交易统计业务指引（2024

年版）》的通知（2024 年 3 月 15 日）

为进一步完善对外金融资产负债及交易统计申报业务，指导申报主体更准确

地理解具体报送要求，国家外汇管理局根据《国际收支统计申报办法》和《对外

金融资产负债及交易统计制度》，修订形成《对外金融资产负债及交易统计业务

指引（2024 年版）》。

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