DCE is committed to strengthening supervision on ore futures and firmly maintaining market stability

In order to stabilise market operation, Dalian Commodity Exchange (DCE) always adhered to its main responsibilities and main business, and kept taking “zero-tolerance” approach to strict supervision market and tight investigation of violations and illegal activities to protect legitimate rights and interests of traders. In response to highly volatility of ore spot and futures prices, this year DCE continued to strengthen the monitoring and investigation of market trading activities, strictly prevent and crack down on illegal activities that disrupted market order and affected prices, and strictly investigate and punish violations such as violations of actual control relationship reporting requirements, self-concluded transactions that affected prices, spread of false information, and false hedging transactions. DCE imposed multiple penalties on illegal traders, including fines, confiscation of illegal income, and ban on market entry. Among them, DCE tapped joint force of the "five-in-one" supervision to discover and report clues about Shanghai Esteel.com suspected of fabricating and spreading false information. The China Securities Regulatory Commission opened the case for investigation and imposed administrative penalties in May this year. DCE analysed and judged clues of violations discovered recently, and will report them to the China Securities Regulatory Commission in accordance with the law based on the investigation results.