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HKEx Announces Details of Temporary Holiday Risk Management Arrangements

Market Operations
30 Mar 2015

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following details of its holiday risk management arrangements for the upcoming holiday period, following its news release dated 20 March 2015.

Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 1 April 2015 (see Appendix).  The margin intervals will be restored to normal after the close of business on 2 April 2015.

There will be special intra-day margin calls at around 3:00 pm on 2 April 2015 in respect of all open positions in the market.

HSI, MHI, HHI, MCH, DHH and CUS Futures Markets

There will be mandatory intra-day variation adjustment calls in the Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-Shares Index (HHI), Mini-H-Shares Index (MCH), HSCEI Dividend Point Index (DHH) and USD/CNH Futures (CUS) futures markets at around 3:00 pm on 2 April 2015.

The above arrangements are based on the clearing houses’ normal procedures. Exchange Participants have been advised to give advance notice to their clients regarding the arrangements where appropriate.

Appendix

Stock Options Classes Client Margin Intervals as of 27 Mar (%) Temporary Client Margin Intervals (%)
iShares FTSE A50 China Index ETF 9 14
Anhui Conch Cement Company Limited 6 10
AIA Group Limited 6 8
Aluminum Corporation of China Limited 9 13
ChinaAMC CSI 300 Index ETF  8 12
Bank of Communications Co., Ltd. 8 12
The Bank of East Asia, Limited 6 7
Belle International Holdings Limited 7 9
BOC Hong Kong (Holdings) Limited 6 6
BYD Company Limited 15 27
China Communications Construction Company Limited 11 15
China Coal Energy Company Limited 7 11
China COSCO Holdings Company Limited 8 10
China Cinda Asset Management Co., Ltd 6 9
China Mobile Limited 7 11
China Unicom (Hong Kong) Limited 8 12
CITIC Limited 6 7
CK Hutchison Holdings Ltd. 7 10
China Life Insurance Company Limited 8 13
CLP Holdings Limited 6 6
China Merchants Bank Co., Ltd. 8 13
CNOOC Limited 7 11
China Overseas Land & Investment Limited 8 14
Cathay Pacific Airways Limited 6 10
China Petroleum & Chemical Corporation 6 9
China Pacific Insurance (Group) Co., Ltd. 10 15
China Railway Construction Corporation Limited 10 14
China Railway Group Limited 10 15
China Resources Land Ltd. 8 13
W.I.S.E. - CSI 300 China Tracker 9 12
CSOP FTSE China A50 ETF  9 13
China Shenhua Energy Company Limited 8 12
China CITIC Bank Corporation Limited 6 10
China Telecom Corporation Limited 7 12
Dongfeng Motor Group Co. Ltd. 7 10
Esprit Holdings Limited 8 15
FIH Mobile Limited 10 17
Galaxy Entertainment Group Limited 11 18
Great Wall Motor Co. Limited 9 14
Haitong Securities Co., Ltd. 12 17
Power Assets Holdings Limited 6 8
Hong Kong Exchanges and Clearing Limited 6 6
Hengan International Group Co. Ltd. 7 11
HSBC Holdings Plc. 6 8
The Hong Kong and China Gas Company Limited 6 6
Henderson Land Development Company Limited 6 10
Huaneng Power International, Inc. 11 18
Hang Seng Bank Limited 6 7
Hutchison Whampoa Limited 6 10
Jiangxi Copper Company Limited 6 9
Kunlun Energy Co. Ltd. 7 11
Kingsoft Corporation Ltd. 12 23
Lenovo Group Limited 9 15
Li & Fung Limited 9 14
China Mengniu Dairy Co. Ltd. 9 11
MGM China Holdings Limited 10 18
China Minsheng Banking Corporation Limited 8 13
MTR Corporation Limited 6 7
China National Building Material Company Limited 6 8
New World Development Company Limited 6 6
Ping An Insurance (Group) Company of China, Ltd. 8 12
PetroChina Company Limited 6 10
PICC Property and Casualty Company Limited 9 14
The People’s Insurance Company (Group) of China Ltd. 7 11
GCL-Poly Energy Holdings Ltd. 11 18
Guangzhou R&F Properties Co., Ltd. 9 17
Sands China Ltd. 10 17
Sun Hung Kai Properties Limited 6 7
Standard Chartered PLC 10 17
Swire Pacific Limited ‘A’ 6 6
Tencent Holdings Limited 8 12
Tracker Fund of Hong Kong 6 6
The Wharf (Holdings) Limited 7 12
Want Want China Holdings Ltd. 6 9
Agricultural Bank of China Limited  6 7
Bank of China Limited 6 9
China Construction Bank Corporation 6 8
Industrial and Commercial Bank of China Limited 6 9
Yanzhou Coal Mining Company Limited 6 8
Zijin Mining Group Company Limited 10 14
 

Ends

Updated 30 Mar 2015