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Hong Kong Futures and Options Home > Hong Kong Futures and Options  
1. CMB International Futures Limited Services
2. CMB International Futures Scope of Services and Products
3. The Characteristics of Hong Kong Futures Markets
4. Trading Hours
5. Holiday Schedule
6. Disclaimer

1. CMB International Futures Limited Services

    CMB International is incorporated in Hong Kong, a wholly owned subsidiary of China Merchants Bank, CMB International Futures Limited is a subsidiary of CMB International which is licensed by the SFC in Hong Kong (CE No: AVX028), CMB International Futures has built up a secure, reliable, efficient and convenient platform and online platform which is the best choice for you to invest Hong Kong futures and options. For future development, CMB International Futures will be in accordance with the philosophy of China Merchants Bank, "because of you", relying on China Merchants Bank, provide services for capital markets, discover, create value, grow with customers, to develop into a modern international investment bank, and put unremitting efforts to create a more bright future!

2. CMB International Futures Scope of Services and Products

    ● Hong Kong Futures Trading Services: Provide trading services in Hong Kong Futures and Options, including Hang Seng Index Futures & Options, Mini-Hang Seng Index Futures & Options, H-shares Index Futures & Options, Mini H-shares Index Futures and Gold Futures;

    ● Global Futures Trading Services: Provide trading services in Global Futures and Options;

    ● Electronic Trading Services: Provide Internet trading services, telephone services and bank transfer services.

3. The Characteristics of Hong Kong Futures Markets

    Hang Seng Index (HSI), the benchmark of the Hong Kong stock market, is one of the best known indices in Asia and widely used by fund managers as their performance benchmark. The HSI is a market capitalization-weighted index (shares outstanding multiplied by stock price) of the constituent stocks. The influence of each stock on the index's performance is directly proportional to its relative market value. Constituent stocks with higher market capitalization will have greater impact on the index's performance than those with lower market capitalization. The constituent stocks are grouped under Commerce and Industry, Finance, Properties and Utilities sub-indices.

    The HSI futures and options provide investors with a set of effective instruments to manage portfolio risk and to capture index arbitrage opportunities. The popularity of Hang Seng Index futures and options has developed gradually with increasing domestic and international investors' participation.

    HSI futures and options allow experienced and novice investors alike to participate in the performance of constituent stocks in the index. As both local and international investors regard Hang Seng Index as a time-tested benchmark for the Hong Kong equity market and yardstick of portfolio performance, these contracts are consistently used by different investors for trading and risk management purposes.

    HSI futures and options facilitate hedging activities in a cost-effective way as these contracts are traded on a margin basis. The margin to carry an open position is only a fraction of the contracted value.

4. Trading Hours

Contract Trading Session Trading Hours* Trading Hours on Last Trading Day
(Spot Month Contract)
Pre Market Opening Period
Hang Seng Index Futures
Mini-Hang Seng Index Futures
H-shares Index Futures
Morning Session 9:15 a.m. - 12:00 p.m. 9:15 a.m. - 12:00 p.m. 8:45 a.m. - 9:15 a.m.
Afternoon Session 1:30 p.m. - 4:15 p.m. 1:30 p.m. - 4:00 p.m. 1:00 p.m. - 1:30 p.m.
Mini H-shares Index Futures
H-shares Index Options
(Including Flexible Index Options)
Hang Seng Index Options
(Including Flexible Index Options)
Mini-Hang Seng Index Options
Morning Session 9:15 a.m. - 12:00 p.m. 9:15 a.m. - 12:00 p.m. Not applicable
Afternoon Session 1:30 p.m. - 4:15 p.m. 1:30 p.m. - 4:00 p.m. Not applicable
Gold Futures Whole day Session 8:30 a.m. - 5:00 p.m. 8:30 a.m. - 5:00 p.m. Not applicable
* Notes
1) For Flexible Index Options on Hang Seng Index and H-shares Index, the acceptance for series creation is from market open until 30 minutes before market close of Index Options. No request for series creation will be accepted on the expiry day of the contract.

5. Holiday Schedule

    Enter

6. Disclaimer

    Investment involves risk. Price of securities will go up or down. Losses as well as gains will be incurred as a result of buying and selling securities.

    Full details of the terms and conditions of the above services are available on request.

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