Local Futures Introduction
Fee and Commissions
Contract Specification

Hang Seng Index

 

The Hang Seng Index is a tool for recording and monitoring the daily performance of Hong Kong's largest listed companies; it is the main indicator of overall market performance, therefore it is widely used as a measure of fund performance.

 

The Index is calculated using a weighted capital market valuation method and its constituent stocks includes the categories of: Finance, Industrial and Commercial, Real Estate and Public Utility.

 

The impact on the share price movement of a certain listed company relative to the Index depends on the market value of the listed company; the higher market value of listed company’s effect on the volatility of the Hang Seng is greater than those with lower market values.

 

Benefits of Trading Index Futures

Hang Seng Index Futures provides investors with an effective tool for managing risk of a portfolio and able for arbitrage. Also because of participation from local and global investors, the Hang Seng Index Futures’ popularity and liquidity has raised.

 

 

Internationalization and High Acceptance
Hang Seng Index has been established closed to 50 years (established since 1969), it has a global presence and regarded as a market benchmark on a personal and institutional perspective.
Hang Seng Index Futures as a hedging and investment vehicle is also popular among the local and global market participants.

 

High Cost Efficiency
Hang Seng Index Futures contracts provides a cost efficient investment opportunity. Investors trading in Hang Seng Index Futures contracts only need to pay margin and such margin is only a fraction of the contract value which makes it a cost efficient hedging
Investment.
 

 

 

Relatively low trading cost
Each Hang Seng Index futures contract is equivalent to a basket of high market value stocks, and only one commission is charged for each transaction, so the transaction cost is lower than the transaction cost of buying or selling stocks.

 

 

Reduce counterparty risk
Just like other futures contracts traded on the Futures Exchange, the Hang Seng Index Futures Contracts are now registered, settled and provided with performance guarantees by Hong Kong Futures Clearing Limited,
which is wholly owned by the Futures Exchange. As the clearing house is the counterparty to all open contracts, participants will not be subject to counterparty risk.

 

Hong Kong Futures Trading Fees

 

Exchange Code Product Online Offline
Day Trade Over Night Day Trade Over Night
Each Each Each Each
HKEX HSI Hang Seng Index Futures HKD25 HKD50 HKD50 HKD90
HKEX MHI Mini Hang Seng Index Futures HKD10 HKD20 HKD20 HKD40
HKEX HHI H-share Index Futures HKD25 HKD50 HKD50 HKD90
HKEX MCH Mini H-share Index Futures HKD10 HKD20 HKD20 HKD40
HKEX HTI Hang Seng Tech Index Futures HKD25 HKD50 HKD50 HKD90
  • Day trading is a form of speculation in which a trader buys and sells a financial instrument within the same trading day.
  • For any enquiry of our financial products that have not been mentioned above, please feel free to call us.
  • Rates for large size transactions and electronic trading are negotiable, feel free to contact us.

 

HANG SENG INDEX FUTURES / MINI HANG SEND INDEX FUTURES

Contract Spec

 

 

Contract Multiplier HK$50 / HK$10 per index point
Margin requirement Refer to HKEX margin level table
Minimum Fluctuation One index point
Trading Hour

  08:45 am - 09:15 am (Pre Martket)
  09:15 am - 12:00 noon
  12:30 am - 01:00 pm (Pre Martket)
  01:00 pm - 04:30 pm
  05:15 pm - 03:00 am (T + 1)

Contract Month  Spot, next calendar month and next two calendar months and the following 5 December month
Last Trading Day  The Business Day immediately preceding the last Business Day of the contract month

 


 

HANG SENG CHINA ENTERPRISES INDEX Futures / MINI HANG SENG CHINA ENTERPRISES INDEX Futures

Contract Spec

 

 Contract Multiplier  HK$50 / HK$10 per index point
 Margin requirement  Refer to HKEX margin levels table
 Minimum Fluctuation  One index point
 Trading Hour

 08:45 am - 09:15 am (Pre Market)
 09:15 am - 12 :00 noon
 12:30 noon - 01:00 pm (Pre Market)
 01:00 pm - 04:30 pm
 05:15 pm - 03:00 am (T + 1)

 Contract Month Spot, next calendar month and next two calendar months and the following 5 December month
 Last Trading Day  The Business Day immediately preceding the last Business Day of the contract month

 

HANG SENG TECH INDEX Futures

Contract Spec

 

 Contract Multiplier  HK$50
 Margin requirement  Refer to HKEX margin levels table
 Minimum Fluctuation  One index point
 Trading Hour

 08:45 am - 09:15 am (Pre Market)
 09:15 am - 12 :00 noon
 12:30 noon - 01:00 pm (Pre Market)
 01:00 pm - 04:30 pm
 05:15 pm - 03:00 am (T + 1)

 Contract Month Spot, next calendar month and next two calendar months and the following 5 December month
 Last Trading Day  The Business Day immediately preceding the last Business Day of the contract month

 

 

MSCI China A 50 Connect (USD) Index Futures 

Contract Spec

 

 Contract Multiplier  USD$25
 Margin requirement  Refer to HKEX margin levels table
 Minimum Fluctuation  0.2 index point
 Trading Hour

 08:45 am - 09:00 am (Pre Market)
 09:00 am - 04:30 pm
 05:15 pm - 03:00 am (T + 1)

 Contract Month Spot month, next calendar month and the following 4 quarterly months
 Last Trading Day The third Friday of the contract month
(If it is not a Hong Kong business day, or if it falls on a Mainland Chinese public holiday, the LTD will be the preceding Hong Kong business day which is also a business day in Mainland China)

 

Other Hong Kong Futures Exchange product specifications, please refer to Hong Kong Exchange's website:

 

https://www.hkex.com.hk/Products/Listed-Derivatives/Equity-Index/Hang-Seng-Index-(HSI)/Hang-Seng-Index-Futures?sc_lang=en#&product=HSI