Hong Kong Exchanges and Clearing Limited (HKEx) will introduce MSCI China Free Index Futures for trading on Hong Kong Futures Exchange, a wholly-owned subsidiary of HKEx, on Monday, 7 May.

The index represents the universe of Chinese stocks open to investors outside Mainland China and can include H-shares and Red-chip stocks listed in Hong Kong, B-shares listed in Shanghai and Shenzhen and N-shares listed in New York. The contract multiplier for MSCI China Free Index Futures will be HK$100 per index point. As a result, when the index level is 2,000, the value of one futures contract will be HK$200,000.

"MSCI China Free Index Futures will provide hedging and trading tools for the China concept sector of the international equity markets," said Frederick Grede, Chief Operating Officer of HKEx. "MSCI China Free Index Futures will also complement our H-share and Red-chip markets and strengthen Hong Kongs position as the most effective channel for Chinese enterprises to raise equity capital internationally. "

Investors can get more information on MSCI China Free Index Futures by visiting the HKEx's website at www.hkex.com.hk. For more information on the index, investors can visit MSCI's website at www.msci.com. Price quotes for MSCI China Free Index Futures will be available on Teletext Page 785 and from quote vendors.