The HFI futures market is based upon the Hang Seng China Financials stock index, which is one of the stock indicies of HKEX (Hong Kong Exchanges and Clearing) in Hong Kong. The Hang Seng China Financials index consists of Chinese companies whose shares are issued in China but are traded in Hong Kong, and that are classified as financial companies within the Hang Seng stock index. The Hang Seng China Financials stock index is calculated using prices of the 8 (as of November 2008) capitalization weighted companies, and the HFI futures market is traded on the HKFE (Hong Kong Futures Exchange) from 9:45 AM to 12:30 AM, and from 2:30 PM to 4:30 PM Hong Kong Time.
Companies
As of November 2008, the Hang Seng China Financials stock index includes the following 8 companies :
- CCB
- ICBC
- Ping An
- PICC P&C
- China Life
- Bankcomm
- CM Bank
- Bank of China
Contract Specifications
The full contract specifications for the HFI futures market are as follows :
- Symbol (IB / Sierra Chart Format) : HFI.HK
- Expiration date (as of November 2008) : November 27 2008 (the second last trading day of the expiration month)
- Exchange : HKFE
- Currency : HKD
- Multiplier / Contract value : 50 HKD
- Tick size / Minimum price change : 1
- Tick value / Minimum price value : 50 HKD
Holidays
In 2008, the HHI futures market is open for trading every trading day (Monday to Friday), except for the following holidays :
- January 1st
- February 7th
- February 8th
- March 21st
- March 24th
- April 4th
- May 1st
- May 12th
- June 9th
- July 1st
- September 15th
- October 1st
- October 7th
- December 25th
- December 26th
Further Information
Further information about the Hang Seng China Financials stock index, and the HFI futures market, are available at the Hong Kong Exchanges and Clearing web site.
