China Shanghai Shenzhen 300 Stock Index Futures,[1][2] often abbreviated to "Hushen 300 Index" (Shanghai is commonly abbreviated in Chinese as Hù, and Shenzhen is abbreviated as shēn), designated by the commodity ticker symbol IF, is a stock market index futures contract traded in China Financial Futures Exchange (CFFEX). The notional value of one contract is RMB¥300 (US$1.00 = 6.83 RMB) times the value of the Shanghai Shenzhen 300 Stock Index. It is known to be the first stock index futures contract in China.
Contract Specifications
editExchange: China Financial Futures Exchange (CFFEX)
Type: Index Futures
Underlying: Hushen 300 Index
Currency: Renminbi (RMB)
Contract: Size 300 RMB x Index
Tick Size: 0.2
Tick Value: 60 RMB
Pre-Open 1
Trading Session 1: 09:15 – 11:30
Pre-Open 2
Trading Session 2: 13:00 – 15:15
Pre-Open T+1 : No T+1 Session
Trading Session T+1: No T+1 Session
Last Trading Day: The Third Friday of the Contract Month
Final Settlement Day: The Third Friday of the Contract Month
Final Settlement Price
Settlement Type: Cash
Contract Months: current month, next-to current month, last month of the next quarter, last month of the second next quarter
First Trading Day: April 16, 2010
Position Limit: 10000 long or short position delta limit for all contract
months combined
Initial Margin (outright): 15% of contract value (18% for far months)
Daily Price Limit: +/- 10% of previous close
Index Options: No
Exchange Symbol: IF
Notes: RMB 500,000 yuan minimum account size to begin trading.
References
edit- ^ "FACTBOX-China's first stock index futures contracts". Reuters. 15 April 2010.
- ^ a b "网页错误".
- ^ "China launches stock index futures trading accounts". Reuters. 22 February 2010.
- ^ "对冲基金敲门热谋中国股指期货_经济观察报_经济观察网_2010-04-16_田芸". Archived from the original on 2011-10-03. Retrieved 2010-05-12.
- ^ "Archived copy". Archived from the original on 2011-07-07. Retrieved 2010-05-12.
{{cite web}}: CS1 maint: archived copy as title (link)
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