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China Merchants Securities International Company Limited
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Brokerage
HK Futures
China Merchants Futures (HK) Co., Ltd. ("CMF (HK)") focuses on customers' needs, committing to provide customers with diversified products and services, enabling customers to take advantage of every investment opportunity.
Meanwhile, we seek to move with times and introduce new technologies in order to provide customers with reliable and stable one-stop electronic trading platform. Our products include H.K. Futures and Options and Overseas Futures
Index Futures
Index Futures
Interest Rate Future
Currency Futures
Commodities Future
Hang Seng Index Futures
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Minimum fluctuation
1 index point
Contract value
HK$50 per index pt
Contract months
Spot month, the next calendar month, and the next 2 calendar quarter months
Settled in
Cash
Pre-Market Opening Period

8:45am – 9:15am, 12:30pm – 1:00pm

Trading hours
9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last trading day

The second last business day of the contract month (market closes at 4:00pm)

Final settlement day
the first business day after the last trading day
H-shares Index Futures
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Minimum fluctuation
1 index point
Contract value
HK$50 per index pt
Contract months
spot month, the next calendar month, and the next 2 calendar quarter months
Settled in
Cash
Pre-Market Opening Period

8:45am – 9:15am, 12:30pm - 1:00pm

Trading hours
9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last trading day

The second last business day of the contract month (market closes at 4:00pm)

Final settlement day
the first business day after the last trading day
Mini-Hang Seng Index Futures
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Minimum fluctuation
1 index point
Contract value
HK$10 per index pt
Contract months
spot month, the next calendar month, and the next 2 calendar quarter months
Settled in
Cash
Pre-Market Opening Period

8:45am - 9:15am, 12:30pm - 1:00pm

Trading hours
9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last trading day

The second last business day of the contract month (market closes at 4:00pm)

Final settlement day
the first business day after the last trading day
Mini H-Shares Index Futures
info_icon
Minimum fluctuation
1 index point
Contract value
HK$10 per index pt
Contract months
spot month, the next calendar month, and the next 2 calendar quarter months
Settled in
Cash
Pre-Market Opening Period
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Trading hours
9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last trading day

The second last business day of the contract month (market closes at 4:00pm)

Final settlement day
the first business day after the last trading day
Hang Seng Index Options
info_icon
Minimum fluctuation
1 index point
Contract value
HK$50 per index pt
Contract months
spot month, the next 2 calendar months, and the next 3 calendar quarter months
Settled in
Cash
Pre-Market Opening Period
---
Trading hours
9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last trading day

the second last business day of the month (market closed: 4:00pm)

Final settlement day
the first business day after the last trading day
Mini-Hang Seng Index Options
info_icon
Minimum fluctuation
1 index point
Contract value
HK$10 per index pt
Contract months
spot month, the next calendar month, and the next 2 calendar quarter months
Settled in
Cash
Pre-Market Opening Period
---
Trading hours
9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last trading day

the second last business day of the month (market closed: 4:00pm)

Final settlement day
the first business day after the last trading day
H-shares Index Options
info_icon
Minimum fluctuation
1 index point
Contract value
HK$50 per index pt
Contract months
spot month, the next calendar month, and the next 3 calendar quarter months
Settled in
Cash
Pre-Market Opening Period
---
Trading hours
9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last trading day

the second last business day of the month (market closed: 4:00pm)

Final settlement day
the first business day after the last trading day
HSI Dividend Point Index Futures (HSI Dividend Futures)
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Minimum fluctuation
0.01 index point
Contract value
HK$50 per index pt
Contract months
Five nearest December contract months
Settled in
Cash
Pre-Market Opening Period
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Trading hours

9:15am - 12:00noon, 1:00pm - 4:30pm

Last trading day

the third last business day of the month  (market closed: 4:15pm)

Final settlement day
the second business day after the last trading day
CES China 120 Index (CES 120)
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Minimum fluctuation
0.5 index point
Contract value
HK$50 per index pt
Contract months
Spot month, the next calendar month, and the next 2 calendar quarter months
Settled in
Cash
Pre-Market Opening Period
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Trading hours
9:15 a.m. - 12:00 noon & 1:00 p.m. - 4:30 p.m. (Expiring contract month closes at 3:00 p.m. on the Last Trading Day)
Last trading day

Business Day immediately preceding the last Business Day of the Contract Month

If it falls on a Mainland China public holiday, the Last Trading Day will be the previous Hong Kong and Mainland China Business Day.(market closed: 3pm)

Final settlement day
First Business Day after last trading day
Sector Index Futures
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  • CES Gaming Top 10 Index
  • Hang Seng Mainland Oil & Gas Index
  • Hang Seng Mainland Banks Index
  • Hang Seng Mainland Healthcare Index
  • Hang Seng Mainland Properties Index
  • Hang Seng IT Hardware Index
  • Hang Seng Software & Service Index
Minimum fluctuation
0.5 index point
Contract value
HK$50 per whole index point
Contract months
Spot month, the next calendar month, and the next 2 calendar quarter months
Settled in
Cash
Pre-Market Opening Period
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Trading hours
9:15 a.m. - 12:00 noon & 1:00 p.m. - 4:30 p.m. (Expiring contract month closes at 3:00 p.m. on the Last Trading Day)
Last trading day

The business day immediately preceding the last business day of the contract month

Final settlement day
The first business day after the Last Trading Day of the contract month
*Remarks:
*The above information is provided to clients for reference only. Please refer to the official website of HKEX for the actual product contract summary and details.
http://www.hkex.com.hk/eng/prod/drprod/dmproducts.htm