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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) |
| Contract Month |
Short-dated Futures: Spot, next three calendar month & next three calendar quarter months; and Long-dated Futures: The three months of June and December plus the next three months of December |
| 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) |
| Contract Month |
Short-dated Futures: Spot, next three calendar month & next three calendar quarter months; and Long-dated Futures: The three months of June and December plus the next three months of December |
| 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) |
| Contract Month |
Short-dated Futures: Spot, next three calendar month & next three calendar quarter months; and Long-dated Futures: The three months of June and December plus the next three months of December |
| 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) This contract can be traded on Hong Kong public holidays |
| 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:
