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HKEx Announces Details of Temporary Holiday Risk Management Arrangements

Market Operations
21 Dec 2011

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangementsbelow,following its news release dated 12 December 2011.

HSI, MHI, HHI and MCH Futures Markets

The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures contracts will be temporarily increased after the close of business on 22 December 2011 (Thursday) as outlined in the table below:

Futures Contract

Full Margin Rate

Initial Margin(HK$)

Maintenance Margin(HK$)

HSI

Current Level

93,300

per lot

74,650

per lot

Temporarily Increased Level

97,300

per lot

77,800

per lot

MHI

Current Level

18,660

per lot

14,930

per lot

Temporarily Increased Level

19,460

per lot

15,560

per lot

HHI

Current Level

59,650

per lot

47,700

per lot

Temporarily Increased Level

67,100

per lot

53,700

per lot

MCH

Current Level

11,930

per lot

9,540

per lot

Temporarily Increased Level

13,420

per lot

10,740

per lot

The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI, HHI and MCH futures contracts will be restored to the current levels after the close of business on 23 December 2011.

Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 22 December 2011 (see Appendix). The margin intervals will be restored to normal after the close of business on 23 December 2011.

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 19 Dec
(%)

Temporary Client Margin Intervals
(%)

iShares FTSE A50 China Index ETF

9

11

Agricultural Bank of China Limited

15

19

Anhui Conch Cement Company Limited

19

23

AIAGroup Limited

9

11

Aluminum Corporation of China Limited

17

20

Bank of China Limited

13

17

Bank of Communications Co., Ltd.

14

17

The Bank of East Asia, Limited

12

14

Belle International Holdings Limited

14

15

BOC Hong Kong (Holdings) Limited

10

12

BYDCompany Limited

22

25

China Construction Bank Corporation

10

12

China Communications Construction Company Limited

13

18

China Coal Energy Company Limited

15

18

China COSCO Holdings Company Limited

20

25

China Mobile Limited

6

6

ChinaUnicom (Hong Kong) Limited

10

11

CITIC Pacific Limited

12

15

Cheung Kong (Holdings) Limited

10

12

China Life Insurance Company Limited

14

18

CLPHoldings Limited

5

5

China Merchants Bank Co., Ltd.

17

23

CNOOC Limited

14

17

ChinaOverseas Land & Investment Limited

19

24

Cathay Pacific Airways Limited

9

10

China Petroleum & Chemical Corporation

8

9

ChinaPacific Insurance (Group) Co., Ltd.

14

19

China Railway Construction Corporation Limited

21

27

China Railway Group Limited

22

29

W.I.S.E. – CSI 300 China Tracker

9

11

China Shenhua Energy Company Limited

11

14

ChinaCITIC Bank Corporation Limited

13

16

China Telecom Corporation Limited

7

8

Esprit Holdings Limited

22

28

Foxconn International Holdings Limited

14

17

Power Assets Holdings Ltd.

5

6

Hong KongExchanges and Clearing Limited

12

15

HSBC Holdings Plc.

10

13

The Hong Kong and China Gas Company Limited

5

5

Henderson Land Development Company Limited

11

12

Huaneng Power International, Inc.

12

15

Hang Seng Bank Limited

8

9

Hutchison Whampoa Limited

10

12

Industrial and Commercial Bank of China Limited

14

18

Jiangxi Copper Company Limited

20

24

Li & Fung Limited

15

20

MTRCorporation Limited

7

7

China National Building Material Company Limited

22

27

New World Development Company Limited

13

16

Ping An Insurance (Group) Company of China, Ltd.

18

23

PetroChina Company Limited

10

12

PICC Property and Casualty Company Limited

15

20

Guangzhou R&F Properties Co., Ltd.

16

21

Sun Hung Kai Properties Limited

9

11

Swire Pacific Limited 'A'

8

9

Tencent Holdings Limited

12

15

Tracker Fund of Hong Kong

9

10

The Wharf (Holdings) Limited

13

16

Yanzhou Coal Mining Company Limited

17

21

Zijin Mining Group Company Limited

18

25


Ends

Updated 21 Dec 2011

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