OREANDA-NEWS. Hong Kong Exchanges and Clearing Limited (HKEx) has announced the contract multipliers of its Tencent, China CITIC Bank and Evergrande stock futures contracts will be reduced from Monday, 25 January 2016.

The planned changes resulted from comments by market participants.  Key details are shown in the table below.

Changes in Stock Futures Multipliers Effective 25 January 2016 

Stock Code

Underlying Stock Name

HKATS* Code

Contract Multiplier(Shares)

Number of Board Lots

Contract Multiplier(Shares)

Number of Board Lots

700

Tencent Holdings Ltd (Tencent)

TCH

10,000

100

1,000

10

998

China CITIC Bank Corporation Ltd
(China CITIC)

CTB

50,000

50

20,000

20

3333

Evergrande Real Estate Group Ltd (Evergrande)

EVG

50,000

50

20,000

20

* HKATS is the trading system for HKEx’s derivatives market.

Further details, including arrangements for contracts with current multipliers, are in a circular issued today.

Investors should consult their brokers if they have any questions about the adjustments.