diff --git a/packages/loopx-finance-execution/src/loopx_finance_execution/transient_retry.py b/packages/loopx-finance-execution/src/loopx_finance_execution/transient_retry.py
new file mode 100644
index 0000000000..5d79f1f631
--- /dev/null
+++ b/packages/loopx-finance-execution/src/loopx_finance_execution/transient_retry.py
@@ -0,0 +1,108 @@
+"""Bounded retry policy for transient venue refusals.
+
+A venue refuses an order for many reasons. Some are transient (rate limits,
+request timeouts) and worth one bounded wait-and-retry. Others are terminal
+(insufficient balance, invalid precision) and must stop immediately. Retrying a
+submission is only safe when the executor first proves that the earlier attempt
+produced no effect, so every decision helper here takes that observation.
+
+The module is deliberately provider-neutral: it classifies a bounded set of
+public refusal signals, computes the next backoff, and refuses to retry when the
+operation deadline passed, the attempt budget is spent or a venue effect is
+already visible. It performs no IO and grants no execution authority.
+"""
+
+from __future__ import annotations
+
+from dataclasses import dataclass
+from datetime import datetime, timezone
+import re
+
+
+RETRY_POLICY_SCHEMA_VERSION = "finance_transient_retry_policy_v0"
+
+#: Fixed patterns for transient venue refusals. Anything not matched here is
+#: treated as terminal: an unknown refusal is never retried.
+RETRYABLE_PATTERNS = (
+    r"请求过于频繁",
+    r"rate.?limit",
+    r"too many requests",
+    r"too frequent",
+    r"timeout|timed out",
+    r"超时",
+    r"稍后重试",
+    r"try again",
+)
+
+RETRYABLE = "retryable"
+TERMINAL = "terminal"
+
+
+@dataclass(frozen=True)
+class RetryPolicy:
+    """Attempt budget, backoff schedule and wall-clock ceiling."""
+
+    max_attempts: int = 4
+    waits_seconds: tuple[float, ...] = (12.0, 25.0, 35.0)
+    max_total_seconds: float = 150.0
+
+    def __post_init__(self) -> None:
+        if self.max_attempts < 1:
+            raise ValueError("max_attempts must be positive")
+        if not self.waits_seconds or any(wait < 0 for wait in self.waits_seconds):
+            raise ValueError("waits_seconds must be non-negative")
+        if self.max_total_seconds <= 0:
+            raise ValueError("max_total_seconds must be positive")
+
+
+def classify_venue_refusal(message: object) -> str:
+    """Return RETRYABLE or TERMINAL for one venue refusal message."""
+
+    text = str(message or "").strip()
+    if not text:
+        return TERMINAL
+    for pattern in RETRYABLE_PATTERNS:
+        if re.search(pattern, text, re.IGNORECASE):
+            return RETRYABLE
+    return TERMINAL
+
+
+def next_wait_seconds(policy: RetryPolicy, attempt: int) -> float:
+    """Backoff before ``attempt`` (1-based). The last entry repeats."""
+
+    if attempt < 2:
+        return 0.0
+    index = min(attempt - 2, len(policy.waits_seconds) - 1)
+    return float(policy.waits_seconds[index])
+
+
+def may_retry(
+    *,
+    policy: RetryPolicy,
+    attempt: int,
+    elapsed_seconds: float,
+    venue_effect_observed: bool,
+    refusal: object,
+    deadline: datetime | None = None,
+    now: datetime | None = None,
+) -> tuple[bool, str]:
+    """Decide whether one more submission attempt is admissible.
+
+    Returns ``(allowed, reason)``. ``reason`` is a stable public token, never a
+    venue payload.
+    """
+
+    if venue_effect_observed:
+        return False, "venue_effect_observed"
+    if attempt >= policy.max_attempts:
+        return False, "attempt_budget_spent"
+    if elapsed_seconds + next_wait_seconds(policy, attempt + 1) > policy.max_total_seconds:
+        return False, "time_budget_spent"
+    if classify_venue_refusal(refusal) != RETRYABLE:
+        return False, "refusal_not_retryable"
+    if deadline is not None and now is not None:
+        clock = now.astimezone(timezone.utc)
+        expiry = deadline if deadline.tzinfo else deadline.replace(tzinfo=timezone.utc)
+        if clock >= expiry.astimezone(timezone.utc):
+            return False, "operation_expired"
+    return True, "retry_admissible"
diff --git a/tests/extensions/test_finance_transient_retry.py b/tests/extensions/test_finance_transient_retry.py
new file mode 100644
index 0000000000..8853a1a857
--- /dev/null
+++ b/tests/extensions/test_finance_transient_retry.py
@@ -0,0 +1,94 @@
+"""Synthetic coverage for the bounded venue-refusal retry policy."""
+
+from __future__ import annotations
+
+from datetime import datetime, timedelta, timezone
+from pathlib import Path
+import sys
+
+
+ROOT = Path(__file__).resolve().parents[2]
+sys.path.insert(0, str(ROOT / "packages" / "loopx-finance-execution" / "src"))
+
+from loopx_finance_execution.transient_retry import (  # noqa: E402
+    RETRYABLE,
+    TERMINAL,
+    RetryPolicy,
+    classify_venue_refusal,
+    may_retry,
+    next_wait_seconds,
+)
+
+
+NOW = datetime(2026, 10, 17, 4, 0, tzinfo=timezone.utc)
+POLICY = RetryPolicy()
+
+
+def _decide(**overrides):
+    arguments = {
+        "policy": POLICY,
+        "attempt": 1,
+        "elapsed_seconds": 0.0,
+        "venue_effect_observed": False,
+        "refusal": "Hyperliquid 请求过于频繁，请等待 10 秒后重试。",
+    }
+    arguments.update(overrides)
+    return may_retry(**arguments)
+
+
+def test_rate_limit_is_retryable() -> None:
+    assert classify_venue_refusal("Hyperliquid 请求过于频繁，请等待 10 秒后重试。") == RETRYABLE
+    assert classify_venue_refusal("rate limit exceeded") == RETRYABLE
+    assert classify_venue_refusal("Request timeout after 30000ms") == RETRYABLE
+
+
+def test_terminal_refusals_are_not_retried() -> None:
+    for message in ("余额不足", "invalid price precision", "", None, "order rejected"):
+        assert classify_venue_refusal(message) == TERMINAL
+        allowed, reason = _decide(refusal=message)
+        assert allowed is False and reason == "refusal_not_retryable"
+
+
+def test_visible_effect_never_retries() -> None:
+    allowed, reason = _decide(venue_effect_observed=True)
+    assert allowed is False and reason == "venue_effect_observed"
+
+
+def test_attempt_budget_is_enforced() -> None:
+    allowed, reason = _decide(attempt=POLICY.max_attempts)
+    assert allowed is False and reason == "attempt_budget_spent"
+
+
+def test_time_budget_is_enforced() -> None:
+    allowed, reason = _decide(elapsed_seconds=POLICY.max_total_seconds - 1)
+    assert allowed is False and reason == "time_budget_spent"
+
+
+def test_deadline_stops_retries() -> None:
+    allowed, reason = _decide(deadline=NOW, now=NOW)
+    assert allowed is False and reason == "operation_expired"
+    allowed, reason = _decide(deadline=NOW + timedelta(minutes=1), now=NOW)
+    assert allowed is True and reason == "retry_admissible"
+
+
+def test_backoff_schedule() -> None:
+    assert next_wait_seconds(POLICY, 1) == 0.0
+    assert next_wait_seconds(POLICY, 2) == 12.0
+    assert next_wait_seconds(POLICY, 3) == 25.0
+    assert next_wait_seconds(POLICY, 4) == 35.0
+    # The last entry repeats instead of wrapping to zero.
+    assert next_wait_seconds(POLICY, 9) == 35.0
+
+
+def test_invalid_policy_is_rejected() -> None:
+    for kwargs in (
+        {"max_attempts": 0},
+        {"waits_seconds": ()},
+        {"waits_seconds": (-1.0,)},
+        {"max_total_seconds": 0},
+    ):
+        try:
+            RetryPolicy(**kwargs)
+        except ValueError:
+            continue
+        raise AssertionError(f"expected RetryPolicy to reject {kwargs}")