HKFE Announces Revised Margins For Futures Contracts

The adjustments are based on the clearing company's normal procedures and standard margining methodology.

Futures Contract - Margin Rate - Initial Margin (HK$) - Maintenance Margin (HK$)

Hang Seng Index - Full Rate - 178,650/lot - 142,920/lot

Spread Rate - 7,500/spread - 6,000/spread

Mini-Hang Seng Index - Full Rate - 35,730/lot - 28,584/lot

Spread Rate - 1,500/spread - 1,200/spread

FTSE/Xinhua China 25 Index - Full Rate - 164,270/lot - 131,416/lot

Spread Rate - 49,290/spread - 39,432/spread

H-Financials Index - Full Rate - 139,710/lot - 111,768/lot

Spread Rate - 41,920/spread - 33,536/spread

H-shares Index - Full Rate - 112,700/lot - 90,160/lot

Spread Rate - 33,850/spread - 27,080/spread

Mini H-shares Index - Full Rate - 22,540/lot - 18,032/lot

Spread Rate - 6,770/spread - 5,416/spread

Three-Year EFN - Full Rate - 17,039/lot - 13,631/lot

Spread Rate - 5,112/spread - 4,089/spread

One-Month HIBOR - Full Rate - 20,881/lot - 16,705/lot

Spread Rate - Please refer to attached table

Three-Month HIBOR - Full Rate - 11,332/lot - 9,066/lot

Aluminum Corporation of China Ltd - Full Rate - 2,924/lot - 2,339/lot

Spread Rate - 877/spread - 702/spread

Bank of China Ltd - Full Rate - 698/lot - 558/lot

Spread Rate - 209/spread - 167/spread

Bank of Communications Co Ltd - Full Rate - 1,624/lot - 1,300/lot

Spread Rate - 487/spread - 390/spread

The Bank of East Asia Ltd - Full Rate - 913/lot - 730/lot

Spread Rate - 274/spread - 219/spread

BOC Hong Kong (Holdings) Ltd - Full Rate - 1,308/lot - 1,046/lot

Spread Rate - 392/spread - 314/spread

China Construction Bank Corporation - Full Rate - 1,154/lot - 923/lot

Spread Rate - 346/spread - 277/spread

China Communications Construction Co Ltd - Full Rate - 2,278/lot - 1,822/lot

Spread Rate - 683/spread - 547/spread

China Mobile Ltd - Full Rate - 7,420/lot - 5,936/lot

Spread Rate - 2,226/spread - 1,781/spread

China Unicom Ltd (CHU: Multiplier = 2000) - Full Rate - 5,992/lot - 4,794/lot

Spread Rate - 1,798/spread - 1,438/spread

China Unicom Ltd (CHA: Multiplier = 754) - Full Rate - 2,259/lot - 1,807/lot

Spread Rate - 678/spread - 542/spread

CITIC Pacific Ltd - Full Rate - 7,638/lot - 6,110/lot

Spread Rate - 2,291/spread - 1,833/spread

Cheung Kong (Holdings) Ltd - Full Rate - 16,366/lot - 13,092/lot

Spread Rate - 4,910/spread - 3,928/spread

Cheung Kong Infrastructure Holdings Ltd - Full Rate - 4,778/lot - 3,823/lot

Spread Rate - 1,433/spread - 1,147/spread

China Life Insurance Company Ltd - Full Rate - 8,011/lot - 6,409/lot

Spread Rate - 2,403/spread - 1,923/spread

CLP Holdings Ltd - Full Rate - 4,031/lot - 3,224/lot

Spread Rate - 1,209/spread - 967/spread

China Merchants Bank Co Ltd - Full Rate - 2,749/lot - 2,199/lot

Spread Rate - 825/spread - 660/spread

CNOOC Ltd - Full Rate - 2,322/lot - 1,858/lot

Spread Rate - 697/spread - 557/spread

Cathay Pacific Airways Ltd - Full Rate - 1,932/lot - 1,546/lot

Spread Rate - 580/spread - 464/spread

China Petroleum & Chemical Corporation - Full Rate - 2,830/lot - 2,264/lot

Spread Rate - 849/spread - 679/spread

China Telecom Corporation Ltd - Full Rate - 1,605/lot - 1,284/lot

Spread Rate - 482/spread - 385/spread

Denway Motors Ltd - Full Rate - 1,102/lot - 882/lot

Spread Rate - 331/spread - 265/spread

Esprit Holdings Ltd - Full Rate - 1,269/lot - 1,015/lot

Spread Rate - 381/spread - 305/spread

Foxconn International Holdings Ltd - Full Rate - 1,572/lot - 1,257/lot

Spread Rate - 472/spread - 377/spread

Hongkong Electric Holdings Ltd - Full Rate - 2,584/lot - 2,068/lot

Spread Rate - 775/spread - 620/spread

Hong Kong Exchanges and Clearing Ltd (HEX: Multiplier = 100) - Full Rate - 2,110/lot - 1,688/lot

Spread Rate - 633/spread - 506/spread

Hong Kong Exchanges and Clearing Ltd (HEA: Multiplier = 500) - Full Rate - 10,550/lot - 8,440/lot

Spread Rate - 3,165/spread - 2,530/spread

HSBC Holdings Plc - Full Rate - 8,195/lot - 6,556/lot

Spread Rate - 2,459/spread - 1,967/spread

Hong Kong and China Gas Co Ltd (HKG: Multiplier = 1,000) - Full Rate - 2,090/lot - 1,672/lot

Spread Rate - 627/spread - 502/spread

Hong Kong and China Gas Co Ltd (HKA: Multiplier = 1,100) - Full Rate - 2,299/lot - 1,839/lot

Spread Rate - 690/spread - 552/spread

Henderson Land Development Co Ltd - Full Rate - 7,485/lot - 5,988/lot

Spread Rate - 2,246/spread - 1,796/spread

Huaneng Power International Inc - Full Rate - 1,874/lot - 1,499/lot

Spread Rate - 562/spread - 450/spread

Hang Seng Bank Ltd - Full Rate - 2,720/lot - 2,176/lot

Spread Rate - 816/spread - 653/spread

Hutchison Whampoa Ltd - Full Rate - 12,234/lot - 9,787/lot

Spread Rate - 3,670/spread - 2,936/spread

Industrial and Commercial Bank of China Ltd - Full Rate - 1,080/lot - 864/lot

Spread Rate - 324/spread - 259/spread

Johnson Electric Holdings Ltd - Full Rate - 246/lot - 197/lot

Spread Rate - 74/spread - 59/spread

Li & Fung Ltd - Full Rate - 8,834/lot - 7,067/lot

Spread Rate - 2,650/spread - 2,120/spread

MTR Corporation Ltd - Full Rate - 1,579/lot - 1,263/lot

Spread Rate - 474/spread - 379/spread

New World Development Co Ltd - Full Rate - 1,824/lot - 1,459/lot

Spread Rate - 547/spread - 438/spread

Ping An Insurance (Group) Co of China Ltd - Full Rate - 7,050/lot - 5,640/lot

Spread Rate - 2,115/spread - 1,692/spread

PCCW Ltd - Full Rate - 808/lot - 646/lot

Spread Rate - 242/spread - 194/spread

PetroChina Company Ltd - Full Rate - 3,604/lot - 2,883/lot

Spread Rate - 1,081/spread - 865/spread

PICC Property and Casualty Co Ltd - Full Rate - 1,992/lot - 1,594/lot

Spread Rate - 598/spread - 478/spread

Sun Hung Kai Properties Ltd - Full Rate - 16,589/lot - 13,271/lot

Spread Rate - 4,977/spread - 3,981/spread

Swire Pacific Ltd "A" - Full Rate - 5,538/lot - 4,431/lot

Spread Rate - 1,661/spread - 1,329/spread

The Wharf (Holdings) Ltd - Full Rate - 4,392/lot - 3,514/lot

Spread Rate - 1,318/spread - 1,054/spread

HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances. -- www.hkex.com.hk