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HKEX to Introduce New Stock Option Classes and Stock Futures Contracts

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15 Jun 2018

  • 7 new stock futures contracts to be introduced on 3 July 2018
  • 5 new stock option classes to be introduced on 16 July 2018
  • Commission levy for new stock futures to be waived for the first 6 months

 

Hong Kong Exchanges and Clearing Limited (HKEX) will introduce seven new stock futures contracts on Tuesday, 3 July 2018 and five new stock option classes on Monday, 16 July 2018.

Stock futures and stock options trading volumes at HKEX were up 115.1 per cent and 74.4 per cent respectively in the first five months of this year compared with the same period last year.

HKEX has invited applications for market makers for the new options and futures. The Commission levy for the new stock futures will be waived for the first six months upon commencement of trading.

New Stock Futures Contracts to be Introduced on 3 July 2018

Underlying Stock Name (Stock Code)

Contract Size (Shares)

Number of Board Lots

Tier

Anhui Conch Cement (914)

500

1

2

China Pacific Insurance (2601)

1,000

2

1

China Overseas Land & Investment (688)*

2,000

5

1

Galaxy Entertainment (27)*

1,000

1

1

Geely Automobile (175)*

5,000

1

1

Link Real Estate Investment Trust (823)*

1,000

1

1

Sands China (1928)*

400

2

2

* Hang Seng Index constituent

Notes

  • Stock Futures Trading Fee - Tier 1: $3 per contract per side, Tier 2: $1 per contract per side.
  • Commission Levy: waived for the first six months upon commencement of trading.
  • Five Contract Months available for trading on launch day: Jul, Aug, Sep, Dec 2018; Mar 2019.

New Stock Option Classes to be Introduced on 16 July 2018

Underlying Stock Name (Stock Code)

Contract Size (Shares)

Number of Board Lots

Tier

Air China (753)

2,000

1

2

CSPC Pharmaceutical (1093)*

2,000

1

1

China Vanke (2202)

1,000

10

1

Postal Savings Bank of China (1658)

5,000

5

1

Sinopharm (1099)

800

2

1

* Hang Seng Index constituent

Notes

  • Stock Options Trading Tariff -Stock Futures Trading Fee - Tier 1: $3 per contract per side, Tier 2: $1 per contract per side.
  • Seven Contract Months available for trading on launch day: Jul, Aug, Sep, Oct, Dec 2018; Mar, Jun 19.

Details of the new options and futures are available in circulars issued today.  General contract summaries (Stock Options / Stock Futures) are posted on the HKEX website.

In addition, HKEX will discontinue trading in the stock futures contracts listed below by taking the following actions:

  1. No new contract months will be introduced for trading with immediate effect;
  2. Contract months without open positions and trades for five consecutive trading days will be suspended; and
  3. Contract months with open positions will be available for trading until expiry.

Stock Futures Contracts to be Discontinued

Underlying Stock Name (Stock Code)
Alibaba Pictures (1060)
AVChina Industry & Technology (2357)
China South City (1668)
Digital China (861)
GOME Retail (493)
Guangzhou Baiyunshan Pharmaceutical (874)
Poly Property (119)
SOHO China (410)

 

Ends

Updated 31 Oct 2018

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