HKEx to Introduce New Stock Option Classes and Stock Futures Contracts
OREANDA-NEWS. Hong Kong Exchange and Clearing Limited (HKEx) will introduce two new stock option classes and 34 new stock futures contracts in batches on Monday, 30 November 2015 and Monday, 7 December 2015.
The two new option classes and 18 of the new stock futures contracts will be rolled out on 30 November. The other 16 new stock futures contracts will be available for trading from the following Monday. Details are in the tables below and there is additional information in the SEHK and HKFE circulars.
HKEx has invited applications for market makers for the new options and futures.
Stock options trading volume at HKEx was up 46 per cent in the first 10 months of the year from the same period last year, while stock futures trading rose 91 per cent. The totals were 82,476,043 contracts and 645,644 respectively. Stock options accounted for more than half of all futures and options trading at HKEx between January and October of this year.
Stock option classes to be introduced on 30 November:
Cheung Kong Property Holdings Ltd (1113) |
CKP |
1,000 |
2 |
CGN Power Co, Ltd (1816) |
CGN |
10,000 |
10 |
Stock futures contracts to be introduced on 30 November:
GOME Electrical Appliances Holding Ltd (493) |
GOM |
50,000 |
50 |
Fosun International Ltd (656) |
FOS |
10,000 |
20 |
Tencent Holdings Ltd (700) |
TCH |
10,000 |
100 |
Digital China Holdings Ltd (861) |
DIG |
5,000 |
5 |
China CITIC Bank Corporation Ltd (998) |
CTB |
50,000 |
50 |
Alibaba Pictures Group Ltd (1060) |
ALI |
50,000 |
5 |
China Shenhua Energy Co Ltd (1088) |
CSE |
10,000 |
20 |
Agricultural Bank of China Ltd (1288) |
ABC |
50,000 |
50 |
China Cinda Asset Management Co, Ltd (1359) |
CDA |
50,000 |
50 |
China Hongqiao Group Ltd (1378) |
CHQ |
10,000 |
20 |
CRRC Corporation Ltd (1766) |
CRR |
10,000 |
10 |
CGN Power Co, Ltd (1816) |
CGN |
50,000 |
50 |
Sunac China Holdings Ltd (1918) |
SUN |
10,000 |
10 |
Guangzhou Automobile Group Co, Ltd (2238) |
GAC |
10,000 |
5 |
Evergrande Real Estate Group Ltd (3333) |
EVG |
50,000 |
50 |
CITIC Securities Co Ltd (6030) |
CTS |
10,000 |
20 |
Haitong Securities Co Ltd (6837) |
HAI |
10,000 |
25 |
China Huishan Dairy Holdings Co Ltd (6863) |
HUD |
50,000 |
50 |
Stock futures contracts to be introduced on 7 December:
Poly Property Group Co, Ltd (119) |
POL |
10,000 |
10 |
SOHO China Ltd (410) |
SOH |
10,000 |
20 |
Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd (874) |
BAI |
2,000 |
1 |
Semiconductor Manufacturing International Corporation (981) |
SMC |
50,000 |
50 |
China Southern Airlines Co Ltd (1055) |
SOA |
10,000 |
5 |
Yanzhou Coal Mining Co Ltd (1171) |
YZC |
10,000 |
5 |
New China Life Insurance Co Ltd (1336) |
NCL |
5,000 |
50 |
China South City Holdings Ltd (1668) |
CTY |
10,000 |
5 |
China Coal Energy Co Ltd (1898) |
CCE |
10,000 |
10 |
China Minsheng Banking Corp, Ltd (1988) |
MSB |
10,000 |
20 |
Great Wall Motor Co Ltd (2333) |
GWM |
10,000 |
20 |
AviChina Industry & Technology Co Ltd (2357) |
AVI |
10,000 |
10 |
China Oilfield Services Ltd (2883) |
CHO |
10,000 |
5 |
Zijin Mining Group Co, Ltd (2899) |
ZJM |
10,000 |
5 |
Kingsoft Corporation Ltd (3888) |
KSO |
5,000 |
5 |
Huatai Securities Co, Ltd (6886) |
HTS |
10,000 |
50 |
Market makers for stock futures
Investors should be aware that some stock futures contracts have market makers and others do not. In addition, they should remember that the availability of market makers may change from time to time. The list of market makers for HKEx's stock futures will be updated on HKEx website periodically.
Investors should exercise due caution in trading stock futures contracts without market makers and understand the liquidity risk involved. If there are no market makers, investors cannot open or close stock futures positions unless there are investors with opposite views in the market.
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