Contract Summary 

CES China 120 Index Futures 


Contract Terms

Underlying Index

CES China 120 Index  (CES 120)



Contract Multiplier

HK$50 per index point

Minimum Fluctuation

0.5 index point

Contract Months

Spot month, the next calendar month and the next two calendar quarter months

Trading Hours

9:15 a.m. - 12:00 noon & 1:00 p.m. - 4:30 p.m.
 (Expiring contract month closes at 3:00 p.m. on the Last Trading Day)

Last Trading Day

Business Day immediately preceding the last Business Day of the Contract Month

If it falls on a Mainland China public holiday, the Last Trading Day will be the previous Hong Kong and Mainland China Business Day.

Final Settlement Price

The average of the values of the CES China 120 Index compiled, computed and disseminated by China Exchanges Services Company Limited, rounded up to the nearest 1 decimal place, taken at five (5) minute intervals from 1:00 p.m. up to 3:00 p.m. on the Last Trading Day. 

Minimum Volume Threshold for Block Trading

100 contracts

Position Limit

30,000 contracts

Transaction Costs

Exchange Fee        HK$10.00^
Commission Levy   HK$0.54
Commission Rate   Negotiable

^ Exchange fee will be discounted to HK$5.00 till 31 December 2017