• Annual reviews conducted for possible reclassification within 3 trading-fee tiers
• 14 Stock Option classes to be reclassified from 2 January 2018

Hong Kong Exchanges and Clearing Limited (HKEX) will change the trading-fee tier of several of its Stock Option classes from 2 January 2018 based on its latest annual review of the classifications.

Trading-fee classifications

Tier 1: notional value above $25,000
Tier 2: notional value of $25,000 or below but above $10,000
Tier 3: notional value of $10,000 or below

The tier level of an option class is determined by the notional value of the total number of shares of the underlying stock in respect of an option contract during the review period.

The upcoming changes are shown in the table on the following page.

For full list of the Stock Options classes and their new tier levels, please refer to the circular on the latest review.

Stock Option Classes with New Trading-fee Classifications from 2 Jan 2018

 

Underlying Stock	Stock Code	HKATS Code1	Tier Change	Trading Fee Change
HSBC	5	HKB	T2 to T1	From $1 to $3
Tencent	700	TCH
Ping An	2318	PAI
BYD	1211	BYD
New World Development	17	NWD	T3 to T2	From $0.50 to $1
Jiangxi Copper	358	JXC
Huaneng Power	902	HNP
Yanzhou Coal	1171	YZC
China Communications Construction	1800	CCC
Chalco	2600	ALC
China National Building Material	3323	NBM
China Merchants Bank	3968	CMB
China Shenhua (Adjusted Series)	1088	CSB
Lenovo	992	LEN	T2 to T3	From $1 to $0.50

¹    HKATS, Hong Kong Futures Automated Trading System, is the trading system for HKEX’s futures and options contracts.

Ends