The stock futures market changes include standardising the contract specifications and adopting the stock options market's capital adjustment methodologies.
After the markets close on 24 August (Friday), the contract multipliers of the existing stock futures contracts will be changed to one board lot size of their underlying shares, the same as the contract size for stock options, and the number of outstanding contracts recorded by the HKFE Clearing Corporation Limited, a wholly-owned member of the HKEx Group, will be adjusted accordingly.
The eleven new stock futures and stock options contracts will be based on the share prices of Cathay Pacific Airways Limited, Cheung Kong Infrastructure Holdings Limited, China Merchants Holdings (International) Limited, China Unicom Limited, Cosco Pacific Limited, The Hong Kong and China Gas Company Limited, Hong Kong Exchanges and Clearing Limited, Johnson Electric Holdings Limited, Li & Fung Limited, MTR Corporation Limited, and PetroChina Company Limited. HKEx will offer 31 stock options contracts and 30 stock futures contracts following the introduction of the eleven new contracts.
