Market Turnover


All MSCI equity index derivative contracts

The MSCI China Index includes large and mid-cap Chinese companies. Index constituents include B-shares, H-shares, Red-chips, P-chips and foreign listed shares. Currently, the index includes large-cap and mid-cap A-shares, represented at 20% of their free-float adjusted market capitalisation.

The introduction of the MSCI China (USD) Index Futures contract provides a tool for investors to trade and manage their exposure in Chinese equity market. The futures contract is USD-denominated and can be traded both in Asian time zone (day trading session) and Europe/US time zone (after-hours trading session).

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Contract Summary


Underlying Index MSCI China Index
Trading Currency USD
Index Currency USD
Contract Multiplier US$500 per index point
Minimum Fluctuation 0.02
Contract Months Spot, next calendar month and the following 4 quarterly months
Last Trading Day (LTD) The second last trading day of the contract month, provided that it is a common business day on which all component stocks of index are open for trading.  If the LTD is not a common business day, the LTD shall be the preceding trading day which is a common business day.
Trading Hours 9:00 am-4:30 pm (T); 5:15 pm-3:00 am (T+1)
(Expiring contract month closes at 4:30 pm on the LTD)

This contract can be traded on Hong Kong public holidays (except for the holiday of New Year’s Day).
Final Settlement Price The official closing value of the underlying index for the LTD, rounded to the nearest 2 decimal places.

If MSCI announces there is an unexpected market closure event on LTD, FSP shall be based on the final Unexpected Market Closure Index level published by MSCI.
Transaction Costs Exchange Fee US$1.00
Commission Levy US$0.07
Commission Rate Negotiable
US Person's Eligibility CFTC Certified 

Trading Fees & Commission


Exchange Fee US$1.00 per contract per side
Commission Levy US$0.07 per contract per side
Investor Compensation Levy The collection of Investor Compensation Levy is currently suspended and no person is required to pay since 2005.
Total US$1.07 per contract per side
Commission Negotiable

The amount indicated above is subject to change.

Important Circulars

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