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HKEx Announces Changes to its Stock Options and Stock Futures

Market Operations
10 Jun 2009

Hong Kong Exchanges and Clearing Limited (HKEx) will introduce three new stock option classes on 6 July this year and is gradually discontinuing trading in three stock option classes and the corresponding stock futures contracts.

New Stock Option Classes

The new stock option classes comprise China Overseas Land, Tencent and Zijin Mining.  The table below shows contract highlights.  A general contract summary is on the HKEx website at:
http://www.hkex.com.hk/eng/prod/drprod/so/conspec.htm.

Stock Option Classes to be Introduced on 6 July

Underlying Stock Stock Code Contract Size*
(Shares)
Expiry Months Available on
First Day of Trading
China Overseas Land & Investment Limited 688 2,000 July, August, September,
 December 2009;
and March 2010
Tencent Holdings Limited 700 200
Zijin Mining Group Company Limited 2899 2,000

* One board lot of the underlying stock

Other Changes 

HKEx has decided to gradually discontinue the trading of Cheung Kong Infrastructure options and futures, Denway Motors options and futures and Johnson Electric options and futures with immediate effect due to limited trading.

The table below shows key details.

Stock Options and Futures Being Phased Out 

Underlying Stock
Stock Code Outstanding Expiry/Contract Months
Cheung Kong Infrastructure Holdings Limited (CKI)   1038 June, July, August, September and December 2009
Denway Motors Limited (DWM) 203 June, July, August, September and December 2009
Johnson Electric Holdings Limited (JSE) 179 June, July, August, September and December 2009

CKI, DWM, JSE Options: No new expiry months or series will be introduced for trading with immediate effect.  All existing expiry months and series will be available for trading until the expiration of the respective expiry months.

CKI, DWM JSE Futures: No new contract months will be introduced for trading with immediate effect.  All outstanding contract months will be available for trading until expiration of the respective contract months.

The changes resulted from a routine market review and reflect HKEx’s commitment to providing products and services that meet the needs of its markets’ participants.

The attached tables show all pending changes to the stock option classes and stock futures contracts available for trading at HKEx.


Stock Option Classes Available for Trading

Stock Code
Underlying Stock Contract Size (Shares)
1 Cheung Kong (Holdings) Limited 1,000
2 CLP Holdings Limited 500
3 The Hong Kong and China Gas Company Limited 1,000
4 The Wharf (Holdings) Limited 1,000
5 HSBC Holdings Plc. 400
6 Hongkong Electric Holdings Limited 500
8 PCCW Limited  ** 1,000
11 Hang Seng Bank Limited 100
12 Henderson Land Development Company Limited 1,000
13 Hutchison Whampoa Limited 1,000
16 Sun Hung Kai Properties Limited 1,000
17 New World Development Company Limited 1,000
19 Swire Pacific Limited 'A' 500
23 The Bank of East Asia, Limited 200
66 MTR Corporation Limited 500
179 Johnson Electric Holdings Limited  *** 500
203 Denway Motors Limited  *** 2,000
267 CITIC Pacific Limited 1,000
293 Cathay Pacific Airways Limited 1,000
330 Esprit Holdings Limited 100
358 Jiangxi Copper Company Limited 1,000
386 China Petroleum & Chemical Corporation 2,000
388 Hong Kong Exchanges and Clearing Limited 100
390 China Railway Group Limited 1,000
494 Li & Fung Limited 2,000
688 China Overseas Land & Investment Limited  * 2,000
700 Tencent Holdings Limited  * 200
728 China Telecom Corporation Limited 2,000
762 China Unicom (Hong Kong) Limited 2,000
857 PetroChina Company Limited 2,000
883 CNOOC Limited 1,000
902 Huaneng Power International, Inc. 2,000
939 China Construction Bank Corporation 1,000
941 China Mobile Limited 500
998 China CITIC Bank Corporation Limited 1,000
1038 Cheung Kong Infrastructure Holdings Limited  *** 1,000
1088 China Shenhua Energy Company Limited 500
1186 China Railway Construction Corporation Limited 500
1398 Industrial and Commercial Bank of China Limited  1,000
1800 China Communications Construction Company Limited 1,000
1898 China Coal Energy Company Limited 1,000
2038 Foxconn International Holdings Limited 1,000
2318 Ping An Insurance (Group) Company of China, Ltd. 500
2328 PICC Property and Casualty Company Limited 2,000
2388 BOC Hong Kong (Holdings) Limited 500
2600 Aluminum Corporation of China Limited 2,000
2628 China Life Insurance Company Limited 1,000
2800 Tracker Fund of Hong Kong 500
2899 Zijin Mining Group Company Limited  * 2,000
3328 Bank of Communications Co., Ltd. 1,000
3968 China Merchants Bank Co., Ltd.  500
3988 Bank of China Limited 1,000
*             New classes, commence trading on 6 July 2009
**           Gradual discontinuation of trading until 29 June 2009
***         Gradual discontinuation of trading until 30 December 2009

 


Stock Futures Contracts Available for Trading

Stock Code
Underlying Stock Contract Multiplier (Shares)
1 Cheung Kong (Holdings) Limited 1,000
2 CLP Holdings Limited 500
3 The Hong Kong and China Gas Company Limited 1,000
4 The Wharf (Holdings) Limited 1,000
5 HSBC Holdings Plc. 400
6 Hongkong Electric Holdings Limited 500
11 Hang Seng Bank Limited 100
12 Henderson Land Development Company Limited 1,000
13 Hutchison Whampoa Limited 1,000
16 Sun Hung Kai Properties Limited 1,000
17 New World Development Company Limited 1,000
19 Swire Pacific Limited 'A' 500
23 The Bank of East Asia, Limited 200
66 MTR Corporation Limited 500
179 Johnson Electric Holdings Limited  + 500
203 Denway Motors Limited  + 2,000
267 CITIC Pacific Limited 1,000
293 Cathay Pacific Airways Limited 1,000
330 Esprit Holdings Limited 100
386 China Petroleum & Chemical Corporation 2,000
388 Hong Kong Exchanges and Clearing Limited 100
494 Li & Fung Limited 2,000
728 China Telecom Corporation Limited 2,000
762 China Unicom (Hong Kong) Limited 2,000
857 PetroChina Company Limited 2,000
883 CNOOC Limited 1,000
902 Huaneng Power International, Inc. 2,000
939 China Construction Bank Corporation 1,000
941 China Mobile Limited 500
1038 Cheung Kong Infrastructure Holdings Limited  + 1,000
1398 Industrial and Commercial Bank of China Limited  1,000
1800 China Communications Construction Company Limited 1,000
2038 Foxconn International Holdings Limited 1,000
2318 Ping An Insurance (Group) Company of China, Ltd. 500
2328 PICC Property and Casualty Company Limited 2,000
2388 BOC Hong Kong (Holdings) Limited 500
2600 Aluminum Corporation of China Limited 2,000
2628 China Life Insurance Company Limited 1,000
3328 Bank of Communications Co., Ltd. 1,000
3968 China Merchants Bank Co., Ltd.  500
3988 Bank of China Limited 1,000

+             Gradual discontinuation of trading until 30 December 2009

Updated 10 Jun 2009