Hang Seng Index (HSI), the benchmark of the Hong Kong stock market and first introduced by the Hong Kong Futures Exchange in 1986, is one of the best known indices in Asia and widely used by fund managers as their performance benchmark.
The Hang Seng Index is a market capitalisation-weighted index of the constituent stocks. The influence of each stock on the index's performance is directly proportional to its relative market value. The constituent stocks are grouped under Commerce and Industry, Finance, Properties and Utilities sub-indices.
|
| Product |
Hang Seng Index Futures |
| Product Code |
HSI |
| Underlying Index |
Hang Seng Index |
| Exchange House |
Hong Kong Futures Exchange (HKFE) |
| Contract Month |
Spot, next calendar month & next two calendar quarter months |
Trading Hours
(HK Time) |
Pre-Market Opening Period:
|
8:45 am - 9:15 am & 1:00 pm - 1:30 pm |
| Trading Hours: |
9:15 am - 12:00 pm & 1:30 pm - 4:15 pm |
| (Expiring contract month closes at 4:00 pm on the Last Trading Day.) |
|
| Currency |
Hong Kong Dollar ($) |
| Last Trading Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
| Minimum Fluctuation |
One index point |
| Contract Multiplier |
HK$50 |
| Final Settlement Price |
Average of quotations of the underlying Index taken at five minute intervals during the Last Trading Day. |
* The content herein is for reference only and subject to amendments from time to time without prior notice.
| Product |
Mini-Hang Seng Index Futures |
| Product Code |
MHI |
| Underlying Index |
Hang Seng Index |
| Exchange House |
Hong Kong Futures Exchange (HKFE) |
| Contract Month |
Spot, next calendar month & next two calendar quarter months |
Trading Hours
(HK Time) |
Pre-Market Opening Period:
|
8:45 am - 9:15 am & 1:00 pm - 1:30 pm |
| Trading Hours: |
9:15 am - 12:00 pm & 1:30 pm - 4:15 pm |
| (Expiring contract month closes at 4:00 pm on the Last Trading Day.) |
|
| Currency |
Hong Kong Dollar ($) |
| Last Trading Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
| Minimum Fluctuation |
One index point |
| Contract Multiplier |
HK$10 |
| Final Settlement Price |
Average of quotations of the underlying Index taken at five minute intervals during the Last Trading Day. |
* The content herein is for reference only and subject to amendments from time to time without prior notice.
| As a result of the rapid expansion of China economy, there has been growing investors' interest in China-related securities. The Hong Kong Futures Exchange first introduced H-shares Index Futures in 2003 and the underlying index of H-shares Index Futures is Hang Seng China Enterprises Index (HSCEI). The HSCEI is a market capitalisation-weighted stock index which is compiled and calculated by Hang Seng Indexes Company Limited. The HSCEI tracks the performance of major H-shares. |
| Product |
H-shares Index Futures |
| Product Code |
HHI |
| Underlying Index |
Hang Seng China Enterprises Index |
| Exchange House |
Hong Kong Futures Exchange (HKFE) |
| Contract Month |
Spot, next calendar month & next two calendar quarter months |
Trading Hours
(HK Time) |
Pre-Market Opening Period:
|
8:45 am - 9:15 am & 1:00 pm - 1:30 pm |
| Trading Hours: |
9:15 am - 12:00 pm & 1:30 pm - 4:15 pm |
| (Expiring contract month closes at 4:00 pm on the Last Trading Day.) |
|
| Currency |
Hong Kong Dollar ($) |
| Last Trading Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
| Minimum Fluctuation |
One index point |
| Contract Multiplier |
HK$50 |
| Final Settlement Price |
Average of quotations of the underlying Index taken at five minute intervals during the Last Trading Day. |
* The content herein is for reference only and subject to amendments from time to time without prior notice.
| Product |
Mini H-shares Index Futures |
| Product Code |
MCH |
| Underlying Index |
Hang Seng China Enterprises Index |
| Exchange House |
Hong Kong Futures Exchange (HKFE) |
| Contract Month |
Spot, next calendar month & next two calendar quarter months |
Trading Hours
(HK Time) |
| Trading Hours: |
9:15 am - 12:00 pm & 1:30 pm - 4:15 pm |
| (Expiring contract month closes at 4:00 pm on the Last Trading Day.) |
|
| Currency |
Hong Kong Dollar ($) |
| Last Trading Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
| Minimum Fluctuation |
One index point |
| Contract Multiplier |
HK$10 |
| Final Settlement Price |
Average of quotations of the underlying Index taken at five minute intervals during the Last Trading Day. |
* The content herein is for reference only and subject to amendments from time to time without prior notice.
| Product |
Hang Seng Index Options |
| Product Code |
HSI |
| Underlying Index |
Hang Seng Index |
| Exchange House |
Hong Kong Futures Exchange (HKFE) |
| Contract Month |
| Short-dated Options: Spot, next two calendar months & next three calendar quarter months |
| Long-dated Options: the next five months of June & December |
|
| Exercise Style |
European Style |
Trading Hour
(HK Time) |
| Trading Hours: |
9:15 am - 12:00 pm & 1:30 pm - 4:15 pm |
| (Expiring contract month closes at 4:00 pm on the Expiry Day) |
|
| Currency |
HK Dollar |
| Expiry Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
Contract Multiplier
(per index point) |
HK$ 50 per index point |
| Minimum Fluctuation |
One index point |
| Option Premium |
Quoted in whole index points |
| Strike Prices |
| Short-dated options: |
|
| Index point |
Intervals |
| At or above 2,000 but below 8,000 |
100 |
| At or above 8,000 |
200 |
| |
|
| Long-dated options: |
|
| Index point |
Intervals |
| At or above 8,000 but below 12,000 |
400 |
| At or above 12,000 but below 15,000 |
600 |
| At or above 15,000 but below 19,000 |
800 |
| At or above 19,000 |
1,000 |
|
| Official Settlement Price |
The average of quotations taken at (i) five (5) minute intervals from five (5) minutes after the start of, and up to five (5) minutes before the end of, the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Last Trading Day. |
* The content herein is for reference only and subject to amendments from time to time without prior notice.
| Product |
Mini-Hang Seng Index Options |
| Product Code |
MHI |
| Underlying Index |
Hang Seng Index |
| Exchange House |
Hong Kong Futures Exchange (HKFE) |
| Contract Month |
Spot, next calendar month, & next two calendar quarter months |
| Exercise Style |
European Style |
Trading Hour
(HK Time) |
| Trading Hours: |
9:15 am - 12:00 pm & 1:30 pm - 4:15 pm |
| (Expiring contract month closes at 4:00 pm on the Expiry Day) |
|
| Currency |
HK Dollar |
| Expiry Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
Contract Multiplier
(per index point) |
HK$10 per index point |
| Minimum Fluctuation |
One index point |
| Option Premium |
Quoted in whole index points |
| Strike Prices |
| Index point |
Intervals |
| At or above 2,000 but below 8,000 |
100 |
| At or above 8,000 |
200 |
|
| Official Settlement Price |
The average of quotations taken at (i) five (5) minute intervals from five (5) minutes after the start of, and up to five (5) minutes before the end of, the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Last Trading Day. |
* The content herein is for reference only and subject to amendments from time to time without prior notice.
| Product |
H-shares Index Options |
| Product Code |
HHI |
| Underlying Index |
Hang Seng China Enterprises Index (HSCEI) |
| Exchange House |
Hong Kong Futures Exchange (HKFE) |
| Contract Month |
| Short-dated Options: Spot, next two calendar months & next three calendar quarter months |
| Long-dated Options: the next three months of June & December |
|
| Exercise Style |
European Style |
Trading Hour
(HK Time) |
| Trading Hours: |
9:15 am - 12:00 pm & 1:30 pm - 4:15 pm |
| (Expiring contract month closes at 4:00 pm on the Expiry Day) |
|
| Currency |
HK Dollar |
| Expiry Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
Contract Multiplier
(per index point) |
HK$ 50 per index point |
| Minimum Fluctuation |
One index point |
| Option Premium |
Quoted in whole index points |
| Strike Prices |
| Short-dated options:: |
|
| Index point |
Intervals |
| At or above 2,000 but below 8,000 |
100 |
| At or above 8,000 |
200 |
| |
|
| Long-dated options: |
|
| Index point |
Intervals |
| Below 4,000 |
100 |
| At or above 4,000 but below 8,000 |
200 |
| At or above 8,000 but below 12,000 |
400 |
| At or above 12,000 but below 15,000 |
600 |
| At or above 15,000 but below 19,000 |
800 |
|
Official Settlement
Price |
The average of quotations taken at (i) five (5) minute intervals from five (5) minutes after the start of, and up to five (5) minutes before the end of, the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Last Trading Day. |
* The content herein is for reference only and subject to amendments from time to time without prior notice.
|
