Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following details of the holiday risk management arrangements.
HSI, MHI, HHI, MCH, DHH and CUS Futures Markets
There will be mandatory intra-day variation adjustment calls in the Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI), Mini H-shares Index (MCH), HSCEI Dividend Point Index (DHH) and RMB Currency (CUS) futures markets on Tuesday, 30 September 2014 based on open positions in the markets at around 3:00 pm.
The margin levels of HSI, MHI, HHI, MCH, DHH and CUS futures contracts will remain unchanged.
Stock Options Market
The margin intervals for all options classes will be increased temporarily after the close of business on 29 September 2014 (see Appendix). The margin intervals will be restored to normal after the close of business on 30 September 2014.
There will be special intra-day margin calls on 30 September 2014 in respect of all open positions in the stock options market at around 3 pm.
The above arrangements are based on the clearing houses’ normal procedures. Exchange Participants have been advised to give advance notice to their clients regarding the arrangements where appropriate.
Appendix
Stock Options Classes |
Client Margin Intervals |
Temporary Client |
iShares FTSE A50 China Index ETF |
6 |
7 |
Agricultural Bank of China Limited |
6 |
6 |
Anhui Conch Cement Company Limited |
6 |
7 |
AIA Group Limited |
6 |
6 |
Aluminum Corporation of China Limited |
11 |
14 |
ChinaAMC CSI 300 Index ETF |
6 |
6 |
Bank of China Limited |
6 |
6 |
Bank of Communications Co., Ltd. |
6 |
7 |
The Bank of East Asia, Limited |
6 |
6 |
Belle International Holdings Limited |
6 |
8 |
BOC Hong Kong (Holdings) Limited |
6 |
6 |
BYD Company Limited |
10 |
11 |
China Construction Bank Corporation |
6 |
6 |
China Communications Construction Company Limited |
7 |
8 |
China Coal Energy Company Limited |
8 |
10 |
China COSCO Holdings Company Limited |
7 |
10 |
China Cinda Asset Management Co., Ltd |
9 |
11 |
China Mobile Limited |
7 |
9 |
China Unicom (Hong Kong) Limited |
9 |
11 |
CITIC Limited |
7 |
10 |
Cheung Kong (Holdings) Limited |
6 |
7 |
China Life Insurance Company Limited |
7 |
8 |
CLP Holdings Limited |
6 |
6 |
China Merchants Bank Co., Ltd. |
6 |
6 |
CNOOC Limited |
6 |
9 |
China Overseas Land & Investment Limited |
8 |
10 |
Cathay Pacific Airways Limited |
6 |
6 |
China Petroleum & Chemical Corporation |
9 |
11 |
China Pacific Insurance (Group) Co., Ltd. |
7 |
9 |
China Railway Construction Corporation Limited |
6 |
8 |
China Railway Group Limited |
7 |
9 |
W.I.S.E. - CSI 300 China Tracker |
6 |
6 |
CSOP FTSE China A50 ETF |
6 |
7 |
China Shenhua Energy Company Limited |
6 |
8 |
China CITIC Bank Corporation Limited |
6 |
7 |
China Telecom Corporation Limited |
9 |
11 |
Dongfeng Motor Group Co. Ltd. |
9 |
10 |
Esprit Holdings Limited |
6 |
7 |
FIH Mobile Limited |
7 |
7 |
Galaxy Entertainment Group Limited |
8 |
11 |
Great Wall Motor Co. Limited |
8 |
11 |
Power Assets Holdings Limited |
6 |
6 |
Hong Kong Exchanges and Clearing Limited |
6 |
7 |
Hengan International Group Co. Ltd. |
6 |
6 |
HSBC Holdings Plc. |
6 |
6 |
The Hong Kong and China Gas Company Limited |
6 |
6 |
Henderson Land Development Company Limited |
8 |
9 |
Huaneng Power International, Inc. |
8 |
9 |
Hang Seng Bank Limited |
6 |
6 |
Hutchison Whampoa Limited |
6 |
6 |
Industrial and Commercial Bank of China Limited |
6 |
7 |
Jiangxi Copper Company Limited |
7 |
9 |
Kunlun Energy Co. Ltd. |
6 |
6 |
Kingsoft Corporation Ltd. |
7 |
9 |
Lenovo Group Limited |
8 |
9 |
Li & Fung Limited |
6 |
7 |
MGM China Holdings Limited |
9 |
12 |
China Minsheng Banking Corporation Limited |
6 |
8 |
MTR Corporation Limited |
6 |
6 |
China National Building Material Company Limited |
7 |
9 |
New World Development Company Limited |
6 |
6 |
Ping An Insurance (Group) Company of China, Ltd. |
6 |
8 |
PetroChina Company Limited |
7 |
10 |
PICC Property and Casualty Company Limited |
8 |
12 |
The People's Insurance Company (Group) of China Ltd. |
8 |
9 |
GCL-Poly Energy Holdings Ltd. |
10 |
12 |
Guangzhou R&F Properties Co., Ltd. |
9 |
12 |
Sands China Ltd. |
8 |
11 |
Sun Hung Kai Properties Limited |
6 |
6 |
Standard Chartered PLC |
6 |
6 |
Swire Pacific Limited 'A' |
6 |
6 |
Tencent Holdings Limited |
7 |
9 |
Tracker Fund of Hong Kong |
6 |
6 |
The Wharf (Holdings) Limited |
6 |
7 |
Want Want China Holdings Ltd. |
6 |
8 |
Yanzhou Coal Mining Company Limited |
7 |
10 |
Zijin Mining Group Company Limited |
7 |
8 |