HKEx Announces Details of Temporary Holiday Risk Management Arrangements

Market Operations

04 Feb 2013

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 28 January 2013.

HSI, MHI, HHI, MCH and DHH 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 7 February 2013 (Thursday) as outlined in the table below:

Futures Contract	Full Margin Rate	Initial Margin (HK$)		Maintenance Margin (HK$)

HSI	Current Level	73,850	per lot	59,050	per lot
HSI	Temporarily Increased Level	74,250	per lot	59,400	per lot

MHI	Current Level	14,770	per lot	11,810	per lot
MHI	Temporarily Increased Level	14,850	per lot	11,880	per lot

HHI	Current Level	37,950	per lot	30,350	per lot
HHI	Temporarily Increased Level	39,900	per lot	31,950	per lot

MCH	Current Level	7,590	per lot	6,070	per lot
MCH	Temporarily Increased Level	7,980	per lot	6,390	per lot

The margin levels of HSCEI Dividend Point Index (DHH) futures contracts will remain unchanged.

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 8 February 2013.

Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 7 February 2013 (see Appendix). The margin intervals will be restored to normal after the close of business on 8 February 2013.

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 4 Feb (%)	Temporary Client Margin Intervals (%)
iShares FTSE A50 China Index ETF	7	10
Agricultural Bank of China Limited	6	9
Anhui Conch Cement Company Limited	8	13
AIA Group Limited	5	7
Aluminum Corporation of China Limited	9	13
ChinaAMC CSI 300 Index ETF	7	8
Bank of China Limited	5	6
Bank of Communications Co., Ltd.	6	8
The Bank of East Asia, Limited	5	5
Belle International Holdings Limited	9	12
BOC Hong Kong (Holdings) Limited	5	6
BYD Company Limited	11	17
China Construction Bank Corporation	5	6
China Communications Construction Company Limited	9	13
China Coal Energy Company Limited	7	10
China COSCO Holdings Company Limited	12	18
China Mobile Limited	5	7
China Unicom (Hong Kong) Limited	8	12
CITIC Pacific Limited	10	19
Cheung Kong (Holdings) Limited	5	7
China Life Insurance Company Limited	8	12
CLP Holdings Limited	5	5
China Merchants Bank Co., Ltd.	7	9
CNOOC Limited	5	8
China Overseas Land & Investment Limited	7	10
Cathay Pacific Airways Limited	6	8
China Petroleum & Chemical Corporation	6	8
China Pacific Insurance (Group) Co., Ltd.	8	12
China Railway Construction Corporation Limited	9	16
China Railway Group Limited	9	14
W.I.S.E. - CSI 300 China Tracker	7	10
CSOP FTSE China A50 ETF	7	9
China Shenhua Energy Company Limited	6	10
China CITIC Bank Corporation Limited	7	10
China Telecom Corporation Limited	6	8
Esprit Holdings Limited	10	16
Foxconn International Holdings Limited	13	20
Galaxy Entertainment Group Limited	7	12
Power Assets Holdings Limited	5	5
Hong Kong Exchanges and Clearing Limited	7	9
HSBC Holdings Plc.	5	5
The Hong Kong and China Gas Company Limited	5	5
Henderson Land Development Company Limited	6	9
Huaneng Power International, Inc.	7	12
Hang Seng Bank Limited	5	5
Hutchison Whampoa Limited	5	5
Industrial and Commercial Bank of China Limited	5	7
Jiangxi Copper Company Limited	7	10
Li & Fung Limited	13	21
MTR Corporation Limited	5	5
China National Building Material Company Limited	8	13
New World Development Company Limited	7	12
Ping An Insurance (Group) Company of China, Ltd.	7	11
PetroChina Company Limited	5	6
PICC Property and Casualty Company Limited	8	12
Guangzhou R&F Properties Co., Ltd.	11	19
Sands China Ltd.	7	11
Sun Hung Kai Properties Limited	5	7
Standard Chartered PLC	5	7
Swire Pacific Limited 'A'	5	5
Tencent Holdings Limited	6	9
Tracker Fund of Hong Kong	5	5
The Wharf (Holdings) Limited	6	7
Yanzhou Coal Mining Company Limited	8	12
Zijin Mining Group Company Limited	6	9

Ends

Updated 04 Feb 2013