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Stock Options

The List of Stock Option Classes Available for Trading 


a)
 Stock Option Classes with Contract Size More Than One Underlying Board Lot Shares 

No. SEHK Code Underlying Stock Name HKATS Code Contract Size (shares) Number of Board Lots Tier No.* Position Limit ##
(1 June 2017)
Approved by FSC Taiwan
 1  175 Geely Automobile Holdings Ltd.  GAH  5,000  100,000   
 2 823 Link Real Estate Investment Trust LNK 1,000 2 1 50,000
            3 1113 CK Asset Holdings Limited CKP 1,000 2 1 50,000
            4 1288 Agricultural Bank of China Limited  XAB 10,000 10 1 100,000
5 1299 AIA Group Limited AIA 1,000 5 1 150,000
6 1336 New China Life Insurance Co. Ltd. NCL 1,000 10 1 50,000
7 1339 The People's Insurance Company (Group) of China Limited PIN 5,000 5 2 50,000
8 1359 China Cinda Asset Management Co., Ltd CDA 5,000 5 2 50,000
9 1816 CGN Power Co., Ltd CGN 10,000 10 2 50,000
10 1988 China Minsheng Banking Corporation Limited MSB 2,500 5 2 50,000
11 2018 AAC Technologies Holdings Inc. AAC 1,000 2 1 50,000
12 2601 China Pacific Insurance (Group) Co., Ltd. CPI 1,000 5 1 50,000
13 2822 CSOP FTSE China A50 ETF  CSA 5,000 25 1 50,000
14 2823 iShares FTSE A50 China Index ETF A50 5,000 50 1 50,000
15 2827 W.I.S.E. - CSI 300 China Tracker # ^ CS3 1,000 5 1 50,000
16 2828 Hang Seng H-Share Index ETF HCF 1,000 5 1 50,000
17 3188 ChinaAMC CSI 300 Index ETF  AMC 2,000 10 1 50,000
18 3800 GCL-Poly Energy Holdings Ltd. PLE 5,000 5 3 100,000
19 6030 CITIC Securities Co. Ltd. CTS 1,000 2 2 50,000
20 6837 Haitong Securities Co., Ltd. HAI 2,000 5 1 50,000


b)   Stock Option Classes with Contract Size Equal to One Underlying Board Lot Shares
   

No. SEHK Code Underlying Stock Name HKATS Code Contract Size (shares) Tier
No.*
Position
Limit ##
Approved by FSC Taiwan+
1 1 CK Hutchison Holdings Ltd. CKH 500 1 50,000
2 2 CLP Holdings Limited CLP 500 1 50,000
3 3 The Hong Kong and China Gas Company Limited HKG 1,000 2 50,000
4 4 The Wharf (Holdings) Limited WHL 1,000 1 50,000
5 5 HSBC Holdings Plc. HKB 400 2 150,000
6 6 Power Assets Holdings Limited HEH 500 1 50,000
7 11 Hang Seng Bank Limited HSB 100 2 50,000
8 12 Henderson Land Development Company Limited HLD 1,000 1 50,000
9 16 Sun Hung Kai Properties Limited SHK 1,000 1 50,000
10 17 New World Development Company Limited NWD 1,000 3 100,000
11 19 Swire Pacific Limited SWA 500 1 50,000
12 23 The Bank of East Asia, Limited BEA 200 3 50,000
13 27 Galaxy Entertainment Group Limited GLX 1,000 1 100,000
14 66 MTR Corporation Limited MTR 500 2 50,000
15 135 Kunlun Energy Co. Ltd. KLE 2,000 2 50,000
16 151 Want Want China Holdings Ltd. WWC 1,000 3 100,000
17 267 CITIC Limited CIT 1,000 2 50,000
18 293 Cathay Pacific Airways Limited CPA 1,000 2 50,000
19 330 Esprit Holdings Limited ESP 100 3 150,000
20 358 Jiangxi Copper Company Limited JXC 1,000 3 100,000
21 386 China Petroleum & Chemical Corporation CPC 2,000 2 150,000
22 388 Hong Kong Exchanges and Clearing Limited HEX 100 2 150,000
23 390 China Railway Group Limited CRG 1,000 3 150,000
24 489 Dongfeng Motor Group Co. Ltd. DFM 2,000 2 50,000
25 494 Li & Fung Limited LIF 2,000 3 150,000
26 688 China Overseas Land & Investment Limited COL 2,000 1 50,000
27 700 Tencent Holdings Limited TCH 100 2 150,000
28 728 China Telecom Corporation Limited CTC 2,000 3 150,000
29 762 China Unicom (Hong Kong) Limited CHU 2,000 2 150,000
30 857 PetroChina Company Limited PEC 2,000 2 150,000
31 883 CNOOC Limited CNC 1,000 3 150,000
32 902 Huaneng Power International, Inc. HNP 2,000 3 100,000
33 914 Anhui Conch Cement Company Limited ACC 500 2 150,000
34 939 China Construction Bank Corporation XCC 1,000 3 150,000
35 941 China Mobile Limited CHT 500 1 150,000
36 992 Lenovo Group Limited LEN 2,000 2 150,000
37 998 China CITIC Bank Corporation Limited CTB 1,000 3 150,000
38 1044 Hengan International Group Co. Ltd. HGN 500 1 50,000
39 1088 China Shenhua Energy Company Limited CSE 500 3 150,000
40 1109 China Resources Land Ltd. CRL 2,000 1 50,000
41 1171 Yanzhou Coal Mining Company Limited YZC 2,000 3 50,000
42 1186 China Railway Construction Corporation Limited CRC 500 3 150,000
43 1211 BYD Company Limited BYD 500 2 50,000
44 1398 Industrial and Commercial Bank of China Limited XIC 1,000 3 150,000
45 1800 China Communications Construction Company Limited CCC 1,000 3 150,000
46            1898 China Coal Energy Company Limited CCE 1,000 3 100,000
47 1919 COSCO Shipping Holdings Company Limited CCS 500 3 150,000
48 1928 Sands China Ltd. SAN 400 2 150,000
49 2038 FIH Mobile Limited FIH 1,000 3 50,000
50 2282 MGM China Holdings Limited MGM 400 3 100,000
51 2318 Ping An Insurance (Group) Company of China, Ltd. PAI 500 2 150,000
52 2319 China Mengniu Dairy Co. Ltd. MEN 1,000 2 50,000
53 2328 PICC Property and Casualty Company Limited PIC 2,000 1 100,000
54 2333 Great Wall Motor Co. Limited GWM 500 3 150,000
55 2388 BOC Hong Kong (Holdings) Limited BOC 500 2 150,000
56 2600 Aluminum Corporation of China Limited ALC 2,000 3 100,000
57 2628 China Life Insurance Company Limited CLI 1,000 2 150,000
58 2777 Guangzhou R&F Properties Co., Ltd. RFP 400 3 100,000
59 2800 Tracker Fund of Hong Kong TRF 500 2 150,000
60 2888 Standard Chartered PLC STC 50 3 150,000
61 2899 Zijin Mining Group Company Limited ZJM 2,000 3 100,000
62 3323 China National Building Material Company Limited NBM 2,000 3 100,000
63 3328 Bank of Communications Co., Ltd. BCM 1,000 3 150,000
64 3888 Kingsoft Corporation Ltd. KSO 1,000 2 50,000
65 3968 China Merchants Bank Co., Ltd. CMB 500 3 150,000
66 3988 Bank of China Limited XBC 1,000 3 150,000
*Unless otherwise specified, tier levels of adjusted contracts shall be the same as their standard contracts.

^ Trading will be discontinued. Please refer Exchange circular (ref: MKD/EQD/05/17) for the details.

# The fund is a Synthetic ETF

## Position Limit represents the maximum number of open contracts a single party can hold for any stock option class in any one market direction for all expiry months combined (N.B. long calls/short puts combined are in one direction and short calls/long puts combined are in another direction)
+ Stock Option Classes approved by the Securities and Futures Bureau, Financial Supervisory Commission (“FSC”) of Taiwan to be included in the list of “Foreign Contracts for which Futures Commission Merchants have Trading Authorization".These option classes are eligible for trading by Taiwan investors.


Updated 21 Nov 2017

Contract Summary

 Stock Options


Item


Contract Terms

Underlying Stocks & HKATS Codes

Please refer to the list of stock options
Option Types

Puts and calls
Contract Size

One board lot of the underlying shares ^
Except for:
SEHK Code Underlying Stock Name HKATS Code Contract Size (shares) Number of Board Lots
175 Geely Automobile Holdings Ltd. GAH 5,000 5
823 Link Real Estate Investment Trust LNK 1,000 2
1113 CK Asset Holdings Limited                         CKP 1,000 2
1288 Agricultural Bank of China Limited XAB 10,000 10
1299 AIA Group Limited AIA 1,000 5
1336 New China Life Insurance CO. Ltd. NCL 1,000 10
1339 The People's Insurance Company (Group) of China Limited PIN 5,000 5
1359 China Cinda Asset Management Co., Ltd CDA 5,000 5
1816 CGN Power Co., Ltd. CGN 10,000 10
1988 China Minsheng Banking Corporation Limited MSB 2,500 5
 2018 ACC Technologies Holdings Inc.   ACC 1,000 
2601 China Pacific Insurance (Group) Co., Ltd. CPI 1,000 5
2822 CSOP FTSE China A50 ETF CSA 5,000 25
2823 iShares FTSE A50 China Index ETF# A50 5,000 50
2827 W.I.S.E. - CSI 300 China Tracker # CS3 1,000 5
2828 Hang Seng H-Share Index ETF HCF 1,000 5
3188 ChinaAMC CSI 300 Index ETF AMC 2,000 10
3800 GCL-Poly Energy Holdings Ltd. PLE 5,000 5
6030 CITIC Securities Co. Ltd.^ CTS 1,000 2
6837 Haitong Securities Co., Ltd, HAI 2,000 5



#Synthetic ETF
^Relevant information regarding contract size and tier level of individual stock option classes can be found in the list of stock options
Contracted Value Option Premium multiplied by the Contract Size
Contract Months Spot, the next three calendar months and thenext threecalendar quarter months
(The Exchange may introduceany other longer-dated expiry month in selected stock option classes as it deems necessary)

Minimum Fluctuation

HK$0.01
Effective from 9 December 2013, HK$0.001 be introduced in four stock option classes:
1) Bank of China Limited
2) China Construction Bank Corporation
3) Industrial and Commercial Bank of China Limited
4) Agricultural Bank of China Limited

Option Premium

Quoted in HK dollars on a per share basis
Strike Prices


Underlying Prices Interval
From To
(HK$) (HK$) (HK$)
0 2 0.05
2 5 0.1
5 10 0.25
10 20 0.5
20 50 1
50 100 2.5
100 200 2.5
200 300 5
300 500 10

Trading Hours

9:30 am - 12:00 noon & 1:00 pm - 4:00 pm
Expiry Day

The business day immediately preceding the last business day of the contract month
Exercise style
(American)

Options can be exercised at any time up to 6:45 p.m. on any business day and including the last trading day
Exercise Fee
HK$2.00
Settlement



Physical delivery of underlying shares on exercise and settlement period are :
T + 1 (options premium, payable in full) or
T + 2 (stock transfer following exercise)
Trading Tariff Tier 1^HK$3.00
Tier 2^HK$1.00
Tier 3^HK$0.50
Brokerage Commission Negotiable

 

Please visit HKEx website for full contract specifications under Operational Trading Procedures for Options Trading Exchange Participants of the Stock Exchange 

Updated 16 Nov 2017

Trading Fees and Commission

Tier 1 Stock Options
HK$3.00 per contract per side
Tier 2 Stock Options
HK$1.00 per contract per side
Tier 3 Stock Options
HK$0.50 per contract per side
Commission
Negotiable
* The amount indicated above is subject to change from time to time.

Online Derivatives Trading

Below is the list of the Exchange Participants who provide online derivatives trading services for investors.

(Product: Index Futures and Options / Currency Futures / Commodity Futures / Interest Rate Futures)

Exchange Participant Contact Number Email
BOCI Securities Ltd. (852) 2121-0088 service@bocigroup.com
BOCOM International Securities Ltd. (852) 2297-9888 enquiry@bocomgroup.com
Bright Smart Futures & Commodities Co. Ltd. (852) 2537-1371 broker@bsgroup.com.hk
Celestial Commodities Ltd. (852) 2663-8888 hotline@cashon-line.com
CES Capital International (Hong Kong) Co. Ltd. (852) 3971 1052 cescapital@kiiik.com
Changjiang Futures (HK) Ltd. (852) 2823-0389 futuresCS@cjsc.com.hk
China Maike Futures International Limited (852) 2885 2968 cs@maike.com.hk
Chief Commodities Ltd. (852) 2500-9128 futures_dept@chiefgroup.com.hk
Chong Hing Commodities & Futures Ltd. (852) 3768-9988 info@chcf.com.hk
Chow Sang Sang Futures Ltd. (852) 2581-7338 cs.trade@338.net
Christfund Futures Ltd. (852) 2147-9898 maggie.lam@christfund.com
una.zhao@christfund.com
Cinda International Futures Ltd. (852) 2235-7789 cs@cinda.com.hk
CITIC Securities Futures (HK) Ltd. (852) 2237-6899 info@citics.com.hk
Core Pacific - Yamaichi Futures (H.K.) Ltd. (852) 2166-3888 info@cpy.com.hk
CSC Futures (HK) Ltd. (852) 2105-1299 futures@e-capital.com.hk
East Asia Futures Ltd. (852) 3608-8181 info@eafutures.com.hk
Emperor Futures Ltd. (852) 2919-2919 efl.cs@emperor.com.hk
Enlighten Futures Ltd. (852) 2152-3321 services@enlighten.com.hk
Excalibur Global Finanical Group Ltd. (852) 2844-9868 jannylee@excalibur.com.hk
Finet Securities Ltd. (852) 2169-0088 cs@finet365.com
First Shanghai Futures Ltd. (852) 2532-1580 cs@mystockhk.com
Fuji Hong Kong Commodities Co. Ltd. (852) 2559-1041 sales@fujihk.com
admin@fujihk.com
Fulbright Futures Ltd. (852) 2121-8333 cs@fulbright.com.hk
Gelin Dahua Futures (Hong Kong) Ltd. (852) 3192-1000 cs@greenfutures.com.hk
GF Futures (HK) Co. Ltd. (852) 3719-1199 futurescs@gfgroup.com.hk
Glory Sky Global Markets Ltd. (852) 3420-1000 enquiry@glorysky.ws
Goldenway Investments (HK) Ltd. (852) 3719-9733 cs@gwtrade.hk
Goldin Equities Ltd. (852) 3960-7827 enquiry@goldinequities.hk
Grand Investment (Futures) Ltd. (852) 3550-6988 cs@grandfg.com
GuocoCommodities Ltd. (852) 2218-2818 info@guococap.com
Guotai Junan Futures (Hong Kong) Ltd. (852) 2509-9277 futures@gfjas.com.hk
Guoyuan Futures (Hong Kong) Ltd. (852) 3769-6888 gyzq@gyzq.com.hk
Haitong International Futures Ltd. (852) 3583-3388 csdept@htisec.com
Hantec Futures Ltd. (852) 2523-7571 thomasmo@hantec.hk
Hong Kong International Futures Ltd. (852) 2853-8027 enquiry@hnahki.com
I-Access Investors Ltd. (852) 3741-0373 info@i-access.com
ICBC International Futures Ltd. (852) 2683-6216 freeman.to@icbci.com.hk
iSTAR International Futures Co. Limited (852) 3900-1701 cs@istartrade.com
Kaiser Futures Ltd. (852) 2815-8033 cs@kaisergroup.com.hk
Karl-Thomson Commodities Co. Ltd. (852) 2810-9062 admin@ktg.com.hk
KGI Futures (Hong Kong) Ltd. (852) 2878-5555 info@kgia.com
Kim Eng Futures (Hong Kong) Ltd. (852) 2268-0660 cs@kimeng.com.hk
Kingsway Financial Services Group Ltd. (852) 2283-7373 customerservice@sunwahkingsway.com
Marigold International Securities Ltd. (852) 3750-8898 cs@misl.com.hk
Mayfair Pacific Financial Group Ltd. (852) 3192-1108 simpson.yam@mayfairpacific.com
Metro Capital Futures Limited (852) 3944-8008 metrocap@metrocap.com.hk
Oriental Wealth Futures Ltd. (852) 2879-9868 admin@o-wealth.com
Peace Town Financial Services Ltd. (852) 2822-8338 info@pt123.com
Phillip Commodities (HK) Ltd. (852) 2277-6611 futures@phillip.com.hk
Po Sang Futures Ltd. (852) 2815-4655 psf@bochk.com
Prudential Index Trading Co. Ltd. (852) 2143-3999 samng@pru.com.hk
Quam Securities Co. Ltd. (852) 2847-2203 qscs@quamgroup.com
RHB OSK Futures Hong Kong Ltd. (852) 2103 5657 rhboshk.hk.customer.service@rhbgroup.com
RealinkFinancial TradeLtd. (852) 2823-2828 cs@realink.com.hk
Sanfull Futures Ltd. (852) 2853-2128 futures@sanfull.com.hk
Shacom Futures Ltd. (852) 2207-2837 contact@shacomfutures.com.hk
Shenyin Wanguo Futures (H.K.) Ltd. (852) 2250-8298 customer.service@sywg.com.hk
Skyway Futures Ltd. (852) 2907-2300 cs@sws.hk
South China Commodities Ltd. (852) 2111-2222 hotline@sctrade.com
Stockwell Commodities Ltd. (852) 2509-4384 bennylo@stockwellonline.com
Success Futures and Foreign Exchange Ltd. (852) 2598-1027 enquiry@successfn.com
Sun Hung Kai Commodities Ltd. (852) 2822-5001 cs@shkf.com
futures.trader@shkf.com
Tanrich Futures Ltd. (852) 2238-9225 enquiry@tanrich.com
Taiwan Concord Capital Securities (HK) Ltd. (852) 3405-7305 fdealer@concordcapital.com.hk
Telecom Digital Securities Ltd. (852) 8118-1133 ftcontact@tdsecurities.com.hk
T G Securities Ltd. (852) 2905-9529 info@tgshk.com
Tianda Securities Ltd. (852) 3972-0688 enquiry@tiandafinancial.com
Timber Hill Securities Hong Kong Ltd. (852) 2156-7907 sales@interactivebrokers.com.hk
Tung Shing Securities (Brokers) Ltd. (852) 3609-6809 tsfinancialservices@tsbrokers.com
United Simsen Securities Ltd. (852) 2740-9688
(852) 2179-3992
cs@simsen.com
Upbest Commodities Co. Ltd. (852) 2545 3298 upc@upbest.com
VC Futures Ltd. (852) 2913-6332 enquiry@vcgroup.com.hk
Wing Fung Futures Ltd. (852) 2303-8690 cs@wfgold.com
Wing Lung Futures Ltd. (852) 2543-3622 wlfutures@winglungbank.com
Yuanta Securities (Hong Kong) Co. Ltd. (852) 3555-7878 hk.services.brk@yuanta.com

 

Below is the list of the Exchange Participants who provide online derivatives trading services for investors.

(Product: Stock Options)

Exchange Participant Contact Number Email
Bright Smart Securities (International (H.K.) Ltd. (852) 2537-1371 broker@bsgroup.com.hk
Chief Securities Ltd. (852) 2500-9128 equitiesoption@chiefgroup.com
Core Pacific - Yamaichi Securities (H.K.) Ltd. (852) 2166-3888 info@cpy.com.hk
Emperor Securities Ltd. (852) 2919-2919 esl.cs@emperorgroup.com
Grand Investment (Securities) Ltd. (852) 3550-6988 cs@grandfg.com
I-Access Investors Ltd. (852) 2890-8019 info@i-access.com
ICBC International Securities Ltd. (852) 2683-6216 freeman.to@icbci.com.hk
KGI Securities (Hong Kong) Ltd. (852) 2878-5555 info@kgia.com
Phillip Securities (HK) Ltd. (852) 2277-6622 option@phillip.com.hk
Prudential Brokerage Ltd. (852) 2143-3999 samng@pru.com.hk
South China Secuirties Ltd. (852) 2111-2222 hotline@sctrade.com
Sun Hung Kai Investment Services Ltd. (852) 2822-5001 enquiry@SHKdirect.com
Tanrich Securities Co. Ltd. (852) 2238-9222 option@tanrich.com
Timber Hill Securities Hong Kong Ltd. (852) 2156-7907 sales@interactivebrokers.com.hk

 

Disclaimer :

Hong Kong Exchanges and Clearing Ltd endeavors to ensure the accuracy and reliability of the information provided, but does not guarantee its accuracy and reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccurancies or omissions.


List of Market Makers/Liquidity Providers

There are 3 types of market makers in the stock options market:

- Primary Market Maker (PMM); and

- Market maker providing continuous quotes (CQMM); and

- Market maker responding to quote request (QRMM). 

 

For the lists of PMM, CQMM and QRMM please refer to the tables below 

Market Makers
HKATS
Code
Underlying Stocks BNP BOC CFB CTD EAF FUL GSF HBF
1 A50 iShares FTSE A50 China Index ETF# *
* P

*
2 AAC AAC Technologies Holdings Inc.
3 XAB Agricultural Bank of China Ltd. * * * *
4 ACC Anhui Conch Cement Co. Ltd. *
* *
*
5 AIA AIA Group Ltd. *

* P *
6 ALC Aluminum Corporation of China Ltd.

* *

7 AMC ChinaAMC CSI 300 Index ETF






8 XBC Bank of China Ltd. * * * *
9 BCM Bank of Communications Co. Ltd. * * *
10 BEA The Bank of East Asia, Ltd. *
* *

11 BOC BOC Hong Kong (Holdings) Ltd. * * * *
12 BYD BYD Company Ltd.





*
13 XCC China Construction Bank Corporation P * * *
14 CCC China Communications Construction Co. Ltd. * * *
*
15 CCE China Coal Energy Company Ltd.
*
* *
16 CCS China COSCO Holdings Company Ltd           






17 CDA China Cinda Asset Management Co. Ltd. * *
*
*
18 CGN CGN Power Co. Ltd. * * *
19 CHT China MobileLtd. P * P *
20 CHU China Unicom (Hong Kong) Ltd. *
* *


*
21 CIT CITIC Ltd. *
* * *

22 CKH CK Hutchison Holdings Ltd. * * *



*
23 CKP CK Asset Holdings Ltd. * * * *
24 CLI China Life Insurance Co. Ltd. P * P *
25 CLP CLP Holdings Ltd. *
* *

*
26 CMB China Merchants Bank Co. Ltd. * * * *
27 CNC CNOOC Ltd. P * P *
28 COL China Overseas Land & Investment Ltd. *
* *
*
29 CPA Cathay Pacific Airways Ltd.





30 CPC China Petroleum & Chemical Corporation * * P   *
31 CPI China Pacific Insurance (Group) Co. Ltd. *
* * *
32 CRC China Railway Construction Corp. Ltd.





33 CRG China Railway Group Ltd. *

* *



*
34 CRL China Resources Land Ltd. *

* *


*
35 CS3 W.I.S.E. - CSI 300 China Tracker#






36 CSA CSOP FTSE China A50 ETF


*

*

37 CSE China Shenhua Energy Co. Ltd. * * *

*
38 CTB China CITIC Bank Corporation Ltd. *
* *
*
39 CTC China Telecom Corporation Ltd. * * *

*
40 CTS CITIC Securities Co. Ltd. * * * *
41 DFM Dongfeng Motor Group Co. Ltd. * * *
42 ESP Esprit Holdings Ltd.






43 FIH FIH Mobile Limited






44 GAH Geely Automobile Holdings Ltd.
*
45 GLX Galaxy Entertainment Group Ltd. *

* P *

46 GWM Great Wall Motor Company Ltd. *
* *


*
47 HAI Haitong Securities Co. Ltd. *

*

*



*
48 HCF Hang Seng H-Share Index ETF
49 HEH Power Assets Holdings Ltd. *
* *

*
50 HEX Hong Kong Exchanges and Clearing Ltd. * * P *
51 HGN Hengan International Group Ltd. * * *
52 HKB HSBC Holdings plc. * * P *
53 HKG The Hong Kong and China Gas Co. Ltd. * * *



54 HLD Henderson Land Development Co. Ltd. *
* *


55 HNP Huaneng Power International, Inc. *
* *

*
56 HSB Hang Seng Bank Ltd. *

* *



*
57 XIC Industrial and Commercial Bank of China Ltd. P * *
*
58 JXC Jiangxi Copper Company Ltd. *
* *

59 KLE Kunlun Energy Co. Ltd. * * * *
60 KSO Kingsoft Corporation Ltd. * *
61 LEN Lenovo Group Ltd. *
* *
*
62 LIF Li & Fung Ltd. * * * *
63 LNK Link Real Estate Investment Trust * *
64 MEN China Mengniu Dairy Co. Ltd. *


*

65 MGM MGM China Holdings Ltd.


*


66 MSB China Minsheng Banking Corporation Ltd. *

* *

*
67 MTR MTR Corporation Ltd. * * *


68 NBM China National Building Material Co. Ltd. *
* *
69 NCL New China Life Insurance Co. Ltd. * * *
70 NWD New World Development Co. Ltd. *
* *

71 PAI Pin An Insurance (Group) Co. of China, Ltd. * * P *
72 PEC PetroChina Co. Ltd. * * P *
73 PIC PICC Property and Casualty Co. Ltd. *
* *
*
74 PIN The People’s Insurance Company (Group) of China Ltd. *
* *

*
75 PLE GCL-Poly Energy Holdings Ltd.
76 RFP Guangzhou R&F Properties Co. Ltd.



 

77 SAN Sands China Ltd. * * P

*
78 SHK Sun Hung Kai Properties Ltd. *
* *
*
79 STC Standard Chartered PLC







*
80 SWA Swire Pacific Ltd. 'A' *
* *
*
81 TCH Tencent Holdings Ltd. * * P

*
82 TRF Tracker Fund of Hong Kong






83 WHL The Wharf (Holdings) Ltd. *
* *


84 WWC Want Want China Holdings Ltd. * *
85 YZC Yanzhou Coal Mining Company Ltd. *
*

86 ZJM Zijin Mining Group Company Ltd. *

* *



 

Market Makers
HKATS
Code
Underlying Stocks HKF IBG IMC ISS JPM LTS
1 A50 iShares FTSE A50 China Index ETF#
* *



2 AAC AAC Technologies Holdings Inc. *
3 XAB Agricultural Bank of China Ltd.
* *
*
4 ACC Anhui Conch Cement Co. Ltd.
* *



*
5 AIA AIA Group Ltd.
* *

6 ALC Aluminum Corporation of China Ltd.
*


7 AMC ChinaAMC CSI 300 Index ETF
*



8 XBC Bank of China Ltd. * * *
* *
9 BCM Bank of Communications Co. Ltd.
* *
*
10 BEA The Bank of East Asia, Ltd.
*


11 BOC BOC Hong Kong (Holdings) Ltd.
* *
12 BYD BYD Company Ltd.
* *



13 XCC China Construction Bank Corporation
* * * *
14 CCC China Communications Construction Co. Ltd.
* *



15 CCE China Coal Energy Company Ltd.
*


16 CCS China COSCO Holdings Company Ltd.
*


17 CDA China Cinda Asset Management Co. Ltd. *
18 CGN CGN Power Co. Ltd. *
19 CHT China MobileLtd.
* *

20 CHU China Unicom (Hong Kong) Ltd.
* * *
21 CIT CITIC Ltd.
*


22 CKH CK Hutchison Holdings Ltd.
* *


23 CKP Cheung Kong Property Holdings Ltd. * *
24 CLI China Life Insurance Co. Ltd.
* *

*
25 CLP CLP Holdings Ltd.
*


26 CMB China Merchants Bank Co. Ltd.
* * *
27 CNC CNOOC Ltd.
* *
*
28 COL China Overseas Land & Investment Ltd.
* *
*
29 CPA Cathay Pacific Airways Ltd.
*


30 CPC China Petroleum & Chemical Corporation
* * *
31 CPI China Pacific Insurance (Group) Co. Ltd.
* *
*
32 CRC China Railway Construction Corp. Ltd.
*


33 CRG China Railway Group Ltd.
*


34 CRL China Resources Land Ltd.
* *

*
35 CS3 W.I.S.E. - CSI 300 China Tracker#




36 CSA CSOP FTSE China A50 ETF
* *

37 CSE China Shenhua Energy Co. Ltd.
* *

*
38 CTB China CITIC Bank Corporation Ltd.
* *

*
39 CTC China Telecom Corporation Ltd.
* *
*
40 CTS CITIC Securities Co. Ltd. * *
41 DFM Dongfeng Motor Group Co. Ltd. *


42 ESP Esprit Holdings Ltd.
 



43 FIH FIH Mobile Limited



44 GAH Geely Automobile Holdings Ltd. * *
45 GLX Galaxy Entertainment Group Ltd.
* *
46 GWM Great Wall Motor Company Ltd.
* *


47 HAI Haitong Securities Co. Ltd.
*

*





48 HCF Hang Seng H-Share Index ETF *
49 HEH Power Assets Holdings Ltd.
*


50 HEX Hong Kong Exchanges and Clearing Ltd.


* *


51 HGN Hengan International Group Ltd. *
52 HKB HSBC Holdings plc.
* * *
53 HKG The Hong Kong and China Gas Co. Ltd.
*



54 HLD Henderson Land Development Co. Ltd.
* *


55 HNP Huaneng Power International, Inc.
*


56 HSB Hang Seng Bank Ltd.
*
*


57 XIC Industrial and Commercial Bank of China Ltd.
* * * *
58 JXC Jiangxi Copper Company Ltd.
* *

59 KLE Kunlun Energy Co. Ltd. *
60 KSO Kingsoft Corporation Ltd. *
61 LEN Lenovo Group Ltd.
* *


62 LIF Li & Fung Ltd.
*


63 LNK Link Real Estate Investment Trust *
64 MEN China Mengniu Dairy Co. Ltd. *  
65 MGM MGM China Holdings Ltd.
*




66 MSB China Minsheng Banking Corporation Ltd.
* *

*
67 MTR MTR Corporation Ltd.
* *





68 NBM China National Building Material Co. Ltd.
* *

69 NCL New China Life Insurance Co. Ltd. * *
70 NWD New World Development Co. Ltd.
* *


71 PAI Ping An Insurance (Group) Co. of China, Ltd.
* *
* *
72 PEC PetroChina Co. Ltd.
* *
*
73 PIC PICC Property and Casualty Co. Ltd.
* *
*
74 PIN The People’s Insurance Company (Group) of China Ltd.
*


75 PLE GCL-Poly Energy Holdings Ltd.
76 RFP Guangzhou R&F Properties Co. Ltd.
*


77 SAN Sands China Ltd.
* *


78 SHK Sun Hung Kai Properties Ltd.
* *


79 STC Standard Chartered PLC
*



80 SWA Swire Pacific Ltd. 'A'
*


81 TCH Tencent Holdings Ltd.
* *
 *
82 TRF Tracker Fund of Hong Kong
*


83 WHL The Wharf (Holdings) Ltd.
* *

84 WWC Want Want China Holdings Ltd. *
85 YZC Yanzhou Coal Mining Company Ltd.
*


86 ZJM Zijin Mining Group Company Ltd.
*


 

Market Makers
HKATS
Code
Underlying Stocks MEA MSA NHT NTX OPT PHL SGM SGS
1 A50 iShares FTSE A50 China Index ETF# P P

*
2 AAC AAC Technologies Holdings Inc. *
3 XAB Agricultural Bank of China Ltd. * P
*
4 ACC Anhui Conch Cement Co. Ltd.

* *
*
5 AIA AIA Group Ltd. P P
*
6 ALC Aluminum Corporation of China Ltd.

*


7 AMC ChinaAMC CSI 300 Index ETF

* *


8 XBC Bank of China Ltd. * P
*
9 BCM Bank of Communications Co. Ltd.

* *
*
10 BEA The Bank of East Asia, Ltd.


*


11 BOC BOC Hong Kong (Holdings) Ltd. *
*
*
12 BYD BYD Company Ltd.
*
*



13 XCC China Construction Bank Corporation P P
* *
14 CCC China Communications Construction Co. Ltd.

* *
*
15 CCE China Coal Energy Company Ltd.

*


16 CCS China COSCO Holdings Company Ltd.





17 CDA China Cinda Asset Management Co. Ltd. *
18 CGN CGN Power Co. Ltd. *
19 CHT China MobileLtd. P P
*
20 CHU China Unicom (Hong Kong) Ltd. * *
*
21 CIT CITIC Ltd.
* *
*
22 CKH CK Hutchison Holdings Ltd.

* *
*
23 CKP Cheung Kong Property Holdings Ltd. * * *
24 CLI China Life Insurance Co. Ltd. P P
*
25 CLP CLP Holdings Ltd.
* *
*
26 CMB China Merchants Bank Co. Ltd. * *
*
27 CNC CNOOC Ltd. P P
*
28 COL China Overseas Land & Investment Ltd. * *
*
29 CPA Cathay Pacific Airways Ltd.





30 CPC China Petroleum & Chemical Corporation P P
*
31 CPI China Pacific Insurance (Group) Co. Ltd.

* *
*
32 CRC China Railway Construction Corp. Ltd.


*


33 CRG China Railway Group Ltd.


*


34 CRL China Resources Land Ltd.



*

*



35 CS3 W.I.S.E. - CSI 300 China Tracker#






36 CSA CSOP FTSE China A50 ETF P P


37 CSE China Shenhua Energy Co. Ltd. * *
*
38 CTB China CITIC Bank Corporation Ltd.

* *
*
39 CTC China Telecom Corporation Ltd. * *
*
40 CTS CITIC Securities Co. Ltd. * * *
41 DFM Dongfeng Motor Group Co. Ltd. *
42 ESP Esprit Holdings Ltd.






43 FIH FIH Mobile Limited    





44 GAH Geely Automobile Holdings Ltd. *
45 GLX Galaxy Entertainment Group Ltd.

* P
*
46 GWM Great Wall Motor Company Ltd.

* *


47 HAI Haitong Securities Co. Ltd. * * *
48 HCF Hang Seng H-Share Index ETF
*
49 HEH Power Assets Holdings Ltd.
*

*
*
50 HEX Hong Kong Exchanges and Clearing Ltd. P P
* *
51 HGN Hengan International Group Ltd. * *
52 HKB HSBC Holdings plc. P
* *
53 HKG The Hong Kong and China Gas Co. Ltd.

*
*
54 HLD Henderson Land Development Co. Ltd. *

*


55 HNP Huaneng Power International, Inc.
* *


56 HSB Hang Seng Bank Ltd. *

*
*
57 XIC Industrial and Commercial Bank of China Ltd. P
*
58 JXC Jiangxi Copper Company Ltd.

* *
*
59 KLE Kunlun Energy Co. Ltd. *
60 KSO Kingsoft Corporation Ltd. * *
61 LEN Lenovo Group Ltd. * *
*
62 LIF Li & Fung Ltd.


*
*
63 LNK Link Real Estate Investment Trust *
64 MEN China Mengniu Dairy Co. Ltd.




*



65 MGM MGM China Holdings Ltd.  

*


66 MSB China Minsheng Banking Corporation Ltd.

* *
*
67 MTR MTR Corporation Ltd.
*

*
*
68 NBM China National Building Material Co. Ltd.  
* *
*
69 NCL New China Life Insurance Co. Ltd. *
70 NWD New World Development Co. Ltd.

*


71 PAI Ping An Insurance (Group) Co. of China, Ltd. P
*
72 PEC PetroChina Co. Ltd. P
*
73 PIC PICC Property and Casualty Co. Ltd.

* *


74 PIN The People’s Insurance Company (Group) of China Ltd.

*


75 PLE GCL-Poly Energy Holdings Ltd. *
76 RFP Guangzhou R&F Properties Co. Ltd.  





77 SAN Sands China Ltd. *
*
78 SHK Sun Hung Kai Properties Ltd. * *
*
79 STC Standard Chartered PLC





80 SWA Swire Pacific Ltd. 'A'
*

*


81 TCH Tencent Holdings Ltd. P
* *
82 TRF Tracker Fund of Hong Kong





83 WHL The Wharf (Holdings) Ltd.

*

*
*
84 WWC Want Want China Holdings Ltd. *
85 YZC Yanzhou Coal Mining Company Ltd.
* *


86 ZJM Zijin Mining Group Company Ltd.

*


 

Market Makers
HKATS
Code
Underlying Stocks SQH TBR TGS TFF UWD YKR
1 A50 iShares FTSE A50 China Index ETF# * *



2 AAC AAC Technologies Holdings Inc.
3 XAB Agricultural Bank of China Ltd. *

*
4 ACC Anhui Conch Cement Co. Ltd.


*
5 AIA AIA Group Ltd. *


*
6 ALC Aluminum Corporation of China Ltd.


7 AMC ChinaAMC CSI 300 Index ETF


8 XBC Bank of China Ltd. *
*
9 BCM Bank of Communications Co. Ltd.


*
10 BEA The Bank of East Asia Ltd.


 
11 BOC BOC Hong Kong (Holdings) Ltd. *

*
12 BYD BYD Company Ltd.


*
13 XCC China Construction Bank Corporation *
  *
14 CCC China Communications Construction Co. Ltd.


*
15 CCE China Coal Energy Company Ltd.


16 CCS China COSCO Holdings Company Ltd.


17 CDA China Cinda Asset Management Co. Ltd. *
18 CGN CGN Power Co. Ltd. *
19 CHT China MobileLtd. * * * *
20 CHU China Unicom (Hong Kong) Ltd.
 
*
21 CIT CITIC Ltd.




*
22 CKH CK Hutchison Holdings Ltd.


 
23 CKP Cheung Kong Property Holdings Ltd.  
24 CLI China Life Insurance Co. Ltd. *   *
25 CLP CLP Holdings Ltd.


26 CMB China Merchants Bank Co. Ltd.




*
27 CNC CNOOC Ltd. *
*
28 COL China Overseas Land & Investment Ltd.

*
29 CPA Cathay Pacific Airways Ltd.


 
30 CPC China Petroleum & Chemical Corporation *
*
31 CPI China Pacific Insurance (Group) Co. Ltd. *



*
32 CRC China Railway Construction Corp. Ltd.


*
33 CRG China Railway Group Ltd.



*
34 CRL China Resources Land Ltd.



*
35 CS3 W.I.S.E. - CSI 300 China Tracker#


36 CSA CSOP FTSE China A50 ETF * *




37 CSE China Shenhua Energy Co. Ltd. *



*
38 CTB China CITIC Bank Corporation Ltd.


*
39 CTS CITIC Securities Co. Ltd. *
40 CTC China Telecom Corporation Ltd.

*
41 DFM Dongfeng Motor Group Co. Ltd. *
42 ESP Esprit Holdings Ltd.


43 FIH FIH Mobile Limited


44 GAH Geely Automobile Holdings Ltd. *
45 GLX Galaxy Entertainment Group Ltd.

 
46 GWM Great Wall Motor Company Ltd.


*
47 HAI Haitong Securities Co. Ltd.



*
48 HCF Hang Seng H-Share Index ETF
49 HEH Power Assets Holdings Ltd.


 
50 HEX Hong Kong Exchanges and Clearing Ltd. * *





*
51 HGN Hengan International Group Ltd.  
52 HKB HSBC Holdings plc. * * *
53 HKG The Hong Kong and China Gas Co. Ltd.


 
54 HLD Henderson Land Development Co. Ltd.




 
55 HNP Huaneng Power International, Inc.


*
56 HSB Hang Seng Bank Ltd.


 
57 XIC Industrial and Commercial Bank of China Ltd. *
  *
58 JXC Jiangxi Copper Company Ltd.


59 KLE Kunlun Energy Co. Ltd. *
60 KSO Kingsoft Corporation Ltd.


61 LEN Lenovo Group Ltd.  
62 LIF Li & Fung Ltd.


 
63 LNK Link Real Estate Investment Trust  
64 MEN China Mengniu Dairy Co. Ltd.

*
65 MGM MGM China Holdings Ltd.




66 MSB China Minsheng Banking Corporation Ltd.


*
67 MTR MTR Corporation Ltd.


 
68 NBM China National Building Material Co. Ltd.
 
69 NCL New China Life Insurance Co. Ltd.
*
70 NWD New World Development Co. Ltd.


 
71 PAI Ping An Insurance (Group) Co. of China, Ltd. *

*
72 PEC PetroChina Co. Ltd. *

*
73 PIC PICC Property and Casualty Co. Ltd.

*
74 PIN The People’s Insurance Company (Group) of China Ltd.


*
75 PLE GCL-Poly Energy Holdings Ltd.
76 RFP Guangzhou R&F Properties Co. Ltd.


77 SAN Sands China Ltd.
√ 
 
78 SHK Sun Hung Kai Properties Ltd.




 
79 STC Standard Chartered PLC


80 SWA Swire Pacific Ltd. 'A'


 
81 TCH Tencent Holdings Ltd. * *

  *
82 TRF Tracker Fund of Hong Kong


83 WHL The Wharf (Holdings) Ltd.




 
84 WWC Want Want China Holdings Ltd.  
85 YZC Yanzhou Coal Mining Company Ltd.




86 ZJM Zijin Mining Group Company Ltd.


 

 

P - Dentes PMM
* - Denotes CQMM
- Denotes QRMM
# - Synthetic ETF

Market Making obligations and Incentives

Stock Options

There are three types of market makers in HKEX’s stock options market: 

- Primary Market Maker (PMM);

- Market maker providing continuous quotes (CQMM); and

- Market maker responding to quote request (QRMM). 

For details of PMM Program, please refer to the hyperlink below:

http://www.hkex.com.hk/eng/market/dv_tradfinfo/pmm.htm

 Below is a summary of the CQMM and QRMM program:

Market Making Obligation Provision of
Continuous Quotes (CQ)
Response to
Quote Requests (QR)
Assigned Series # Not less than50 option series in an option class QR issued in options series in an option class
Trading Requirement Provision of CQ for the assigned option series in an option class for 50% or more of the trading hours in a month Response to 50% or more QR in an option class in a month
Maximum Time Limit for Responding to QR N/A Response within 20 seconds on receipt ofa QR
Minimum Display Time (QR) N/A At least 20 seconds, unless a change in the underlying stock price occurs during the 20 seconds display period
Maximum Bid/Offer Spread Option Series Liquidity Level 1* Liquidity Level 2*
Spot month with 3 days or less to expiry 20% of the bid price of the quote or 3 times the best bid/offer spread of the underlying securities, whichever is the lower. 20% of the bid price of the quote or 4 times the best bid/offer spread of the underlying securities, whichever is the lower.
Spot month with 4 days or more to expiry and the next 3calendar expiry months 10% of the bid price of the quote or 3 times the best bid/offer spread of the underlying securities, whichever is the lower. 10% of the bid price of the quote or 4 times the best bid/offer spread of the underlying securities, whichever is the lower.
The next 2 calendar quarter expiry months 20% of the bid price of the quote or 4 times the best bid/offer spread of the underlying securities, whichever is the lower. 20% of the bid price of the quote or 6 times the best bid/offer spread of the underlying securities, whichever is the lower.
The 3rd calendar quarter expiry month and any other longer-dated expiry month as the Exchange deems necessary 20% of the bid price of the quote or 8 times the best bid/offer spread of the underlying securities, whichever is the lower. 20% of the bid price of the quote or 12 times the best bid/offer spread of the underlying securities, whichever is the lower.
Minimum Quote Size Liquidity Level1 -30 contracts
Liquidity Level2 -15 contracts

# Stock Options

CQMM should provide bid / offer quotes in at least 50 option series chosen from the following option series:

Contract Month Option Series
Series For Selection

Call Series
Put Series
Spot month Nearest Out-of-the-Money 7 7
Nearest In-the-Money 2 2
Second Calendar month Nearest Out-of-the-Money 7 7
Nearest In-the-Money 2 2
Third Calendar month Nearest Out-the-Money 7 7
Nearest In-of-the-Money 2 2
Fourth Calendar month Nearest Out-the-Money 7 7
Nearest In-of-the-Money 2 2
First Quarter month Nearest Out-the-Money 7 7
Nearest In-of-the-Money 2 2
Second Quarter month Nearest Out-the-Money 7 7
Nearest In-of-the-Money 2 2
Third Quarter month Nearest Out-the-Money 7 7
Nearest In-of-the-Money 2 2
Total 126

 

Market Maker Incentives for Stock Options 

Stock
Options
Tier
Trading Requirement Market
Maker
Fee (HK$)
Standard
Exchange
Fee (HK$)
Tier 1

Response to Total
Quote Requests in a Month
70% or more 1.50 3.00
less than 70% 3.00 3.00
Provision of Continuous Quotes
in the Trading Hours in a Month
70% or more 1.50 3.00
less than 70% 3.00 3.00
Tier 2



Response to Total
Quote Requests in a Month
70% or more 0.80 1.00
less than 70% 1.00 1.00
Provision of Continuous Quotes
in the Trading Hours in a Month
70% or more 0.80 1.00
less than 70% 1.00 1.00
Tier 3^



Response to Total
Quote Requests in a Month
70% or more 0.40 0.50
less than 70% 0.50 0.50
Provision of Continuous Quotes
in the Trading Hours in a Month
70% or more 0.40 0.50
less than 70% 0.50 0.50

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