The Dalian Commodity Exchange Risk Management Measures Have Been Amended.

Reporter from

It was learned that DAC has revised the risk management measures of the Dalian commodity exchange and increased the trading quota system. Now it will issue the Rules Amendment and take effect as of today.

The specific standard and implementation plan of the trading quota system will be announced separately by the big business office.

Increase the trading quota system after revision.

It is stated that the paction limit refers to the maximum number of contracts that a member or client can make to a contract within a certain period.

The exchange can, according to the market conditions, formulate different kinds of listing, contracts, and some or all of its members and clients.

The specific standards shall be announced separately by the exchange.

The quantity of trading in hedging pactions is not restricted by the preceding paragraph of this article.

In addition, the revised method points out that the number of non Futures Company members or customers should not exceed the limit specified by the exchange.

For non Futures Company members or clients who exceed the trading limit, the exchange may take telephone prompting, request report, request for written commitment and key points.

Suspend trading and other measures.

Related links:

Jeremy Grantham, founder and chief strategist of Asset Management Co GMO, is famous for predicting the market bubble, but this time he has lost sight of it.

Jeremy Grantham has warned since 2011 that the world will deplete natural resources and the price of mineral resources will remain high.

But he admitted in a quarterly letter to investors on Tuesday that he was wrong.

"I could have made a lot of money by shorting up the mineral bubble, just like we were shorting the other three major asset bubbles in the past 20 years," he said in his letter. "My positive proposal for the medium term (10 years) of mineral resources seems to be a major mistake, especially for iron ore and bauxite."

How could he make such a big mistake? Jeremy Grantham said he saw a series of unusual resource statistics in 2011, which convinced him that China's economic growth, coupled with the global population growth, will bring all the demand to its peak.

He wrote, "I have warned before that if China's demand for metals slows down rapidly, then there will be trouble.

But China's demand is much lower than I thought before. China has almost ceased its demand for iron ore, and I have completely ignored the possibility of such extreme consequences.

He added that metal demand may not rebound quickly or sharply.

Speaking of the stock market, Jeremy Grantham believes that the stock market is still overpriced.

At present prices, pension and other institutions are unlikely to achieve their long-term target of 5% yield per annus, let alone 7%.

If you are lucky, a portfolio of 60% stocks and 40% bonds may get a 3% gain.

The LMEX Metals Index, the London Metal Exchange, has fallen by 49% after hitting its five year high in February 2011.

Jeremy Grantham said he did not anticipate that China's demand for minerals would be reduced so rapidly.

GMO is a large Asset Management Co located in Boston, USA. As of March 31st, GMO's asset management scale was $99 billion. The investment strategy of the company is to integrate traditional investment methods and quantitative models to find undervalued securities and markets.