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Hong Kong Futures Exchange Studying Possible HSI Contract Enhancements

Date 21/07/2000

The Hong Kong Futures Exchange (HKFE) said yesterday that it is studying possible enhancements to its Hang Seng Index (HSI) Futures and Options contracts.

The possible enhancements include revising the multiplier for its existing HSI Futures and Options contracts, which is now HK$50 per index point, as well as introducing additional contracts with a smaller multiplier.

The study resulted from the consideration of a variety of factors including comments from market participants and the goal of maintaining the competitiveness of Hong Kong's derivatives markets.

There is no timetable at present for a decision on the possible enhancements and any change would require regulatory approval.