(Yicai Global) Aug. 10 – The Hong Kong stock exchange (HKEx) announced that it will launch small Hang Seng China Enterprises Index options (small H-share index options) on September 5, 2016, with a contract value of one fifth of H-share index options at present. As a supplement to the present futures and options of H-share and small stock index offered by HKEx, small H-share index options will meet the needs of individual investors and provide market participants with greater flexibility.
The trading time of small H-share index options is from 9.15 a.m. to 12 noon and 1.00 p.m. to 4.30 p.m. The closing time on the contract expiration date in maturity month is 4.00 p.m., and the contract expiration date is the last second trading day in the maturity month.
In addition, from Nov. 16, the HKEx will add a fourth month contract for H-share index options and Hang Seng index options, so as to support the transaction during the expiration-approaching period in the third month.
As a mature financial market, financial derivatives have been one of the major trading varieties in the Hong Kong market. Previously in 2013, the trading volume of derivatives in Hong Kong was 3.4 times the amount of the spot stock. In 2014, the annual turnover of stock options reached 745 billion, setting a new record.