Preparing for the Stock Index Futures
Preparing for the Stock Index Futures
"Actively motivate the launching and running of the stock index futures,” said Shangfulin, the leader of China Securities Regulatory Commission.
This is the latest version of the official saying about the Stock Index Futures.
In the other words, the Stock Index Futures will be launched when the market conditions are deemed to have “matured”.
However, no one knows what “mature” means. Investors get used to guessing such mysterious Stock Index Futures.
Early March is the first possible launching month
|
Benchmarked Index |
Shanghai-Shenzhen 300 Index(SHSZ 300). |
|
Contract Multiplier |
Y300/ point. |
|
Quotation Unit |
Index Point. |
|
Minimum Price Fluctuation |
0.2 points. |
|
Contract Months |
This month; Next Month; the following two Quarters Months. |
|
Trading Time |
9:15-11:30, |
|
Last Trading Day Trading Time |
9:15-11:30, |
|
Daily Price Maximum Fluctuation Limits |
Previous Trading Day Clearing Price±10%. |
|
Minimum Trading Margin |
10 percent of the Contract. |
|
Last Trading Day |
The Third Friday of the Expiry Month (If this day is an official holiday, the Last Trading Day is extended until the first business day which follows.). |
|
Delivery Date |
Same as the Last Trading Day. |
|
Delivery Method |
Cash. |
|
Trading Code |
IF |
|
IPO Exchange |
|
POSTED IN: Doing Business in China
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