Odaily Planet Daily report: In early trading on Monday, several previously high-premium LOFs experienced synchronized corrections. Among them, the Global Chips LOF hit the daily trading limit down, yet its premium remained elevated at 18%; the Sinopec Silver LOF plunged more than 8% intraday, with its premium rate also exceeding 18%.
The market volatility may stem from significant new regulatory guidelines issued over the weekend. The Shanghai and Shenzhen stock exchanges jointly released a draft for public comment on new delisting rules for LOFs, clearly defining mandatory delisting scenarios for two categories of products, directly targeting long-standing market issues such as excessive premium speculation, liquidity drought in mini funds, and price manipulation within exchange-traded LOFs. A representative from a public fund house in Shanghai noted that the expectation of delisting could directly dampen speculative sentiment toward QDII or commodity futures LOFs currently trading at high premiums. (Yicai)