Hong Kong Exchanges and Clearing : Margin Rates Set for New Stock Futures Contracts
November 24, 2015 at 03:56 am EST
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THE STOCK EXCHANGE OF HONG KONG LIMITED
香港期貨交易所有限公司
(香港交易及結算所有限公司全資附屬公司)
Hong Kong Futures Exchange Limited
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
NEWS RELEASE
24 November 2015
Margin Rates Set for New Stock Futures Contracts
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has set margin rates for new stock futures contracts, which will be introduced on Monday, 30 November 2015.
The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the contract:
Futures Contract
Margin Rate
Initial Margin (HK$)
Maintenance Margin (HK$)
Agricultural Bank of China Ltd
Full Rate
9,730
/lot
7,780
/lot
Spread Rate
2,920
/spread
2,340
/spread
Alibaba Pictures Group Ltd
Full Rate
13,010
/lot
10,410
/lot
Spread Rate
3,910
/spread
3,130
/spread
China Cinda Asset Management Co Ltd
Full Rate
13,630
/lot
10,900
/lot
Spread Rate
4,090
/spread
3,270
/spread
CGN Power Co Ltd.
Full Rate
15,180
/lot
12,140
/lot
Spread Rate
4,560
/spread
3,650
/spread
China Hongqiao Group Ltd
Full Rate
5,230
/lot
4,190
/lot
Spread Rate
1,570
/spread
1,260
/spread
CRRC Corporation Ltd
Full Rate
10,010
/lot
8,010
/lot
Spread Rate
3,010
/spread
2,410
/spread
…/2
香 港 中 環 港 景 街 一 號 國 際 金 融 中 心 一 期 1 2 樓
12/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
Hong Kong Exchanges and Clearing Limited is one of the Asian largest Stock Exchange. Net sales break down by activity as follows:
- negotiation services (52%): execution and management of operations on derivatives and cash (shares, bonds, warrants, etc.);
- settlement and securities custody services (34.7%);
- data and market index issuance (5.3%);
- other (8%).
Net sales are distributed geographically as follows: Hong Kong (88.4%), China (0.4%) and the United Kingdom (11.2%).
HONG KONG EXCHANGES AND CLEARING LIMITED 
