Hong Kong Exchanges and Clearing Limited (HKEx) will introduce options on the iShares FTSE/Xinhua A50 China Index Exchange Traded Fund (iShares A50 ETF) and the WISE CSI 300 China Tracker (WISE CSI300 ETF) on 12 July to expand the range of stock options it offers and further strengthen the China dimension of its markets.
Stock options, which include options on the Tracker Fund of Hong Kong – the first ETF listed in Hong Kong, had the highest turnover of the products in HKEx’s derivatives market in the first five months of this year, and the iShares A50 ETF and WISE CSI300 ETF are the two largest ETFs in terms of market capitalisation in HKEx’s securities market.
The managers of the iShares A50 and WISE CSI300 ETFs seek results that correspond to the performance of their benchmark indices by investing in structured products issued by third parties and linked to companies’ A shares or the ETF’s benchmark A-share index. Details of the ETFs are available from the issuers’ websites: iShares A50 ETF and WISE CSI300 ETF.
The new options’ contract sizes are in the following table along with the expiry months that will be available for trading when the options are introduced on 12 July.
Selected Contracts Details of Options on iShares A50 and WISE CSI300 ETFs
Underlying Stock/ETF |
Contract Size |
Expiry Months Available for Trading on 12 July 2010 |
iShares FTSE/Xinhua A50 China Index ETF (2823) |
5,000 |
July 2010 |
WISE - CSI 300 China Tracker (2827) |
1,000 |
A table with all stock option classes available for trading at HKEx is attached below.
“These new options will further strengthen our position as the leading international marketplace for China-related securities and derivatives,” said Calvin Tai, Head, Derivatives Market of HKEx.
Stock Option Classes Available for Trading at HKEx
Stock Code |
Underlying Stock/ETF |
1 |
Cheung Kong (Holdings) Limited |
2 |
CLP Holdings Limited |
3 |
The Hong Kong and China Gas Company Limited |
4 |
The Wharf (Holdings) Limited |
5 |
HSBC Holdings Plc |
6 |
Hongkong Electric Holdings Limited |
11 |
Hang Seng Bank Limited |
12 |
Henderson Land Development Company Limited |
13 |
Hutchison Whampoa Limited |
16 |
Sun Hung Kai Properties Limited |
17 |
New World Development Company Limited |
19 |
Swire Pacific Limited 'A' |
23 |
The Bank of East Asia, Limited |
66 |
MTR Corporation Limited |
267 |
CITIC Pacific Limited |
293 |
Cathay Pacific Airways Limited |
330 |
Esprit Holdings Limited |
358 |
Jiangxi Copper Company Limited |
386 |
China Petroleum & Chemical Corporation |
388 |
Hong Kong Exchanges and Clearing Limited |
390 |
China Railway Group Limited |
494 |
Li & Fung Limited |
688 |
China Overseas Land & Investment Limited |
700 |
Tencent Holdings Limited |
728 |
China Telecom Corporation Limited |
762 |
China Unicom (Hong Kong) Limited |
857 |
PetroChina Company Limited |
883 |
CNOOC Limited |
902 |
Huaneng Power International, Inc |
939 |
China Construction Bank Corporation |
941 |
China Mobile Limited |
998 |
China CITIC Bank Corporation Limited |
1088 |
China Shenhua Energy Company Limited |
1186 |
China Railway Construction Corporation Limited |
1211 |
BYD Company Limited |
1398 |
Industrial and Commercial Bank of China Limited |
1800 |
China Communications Construction Company Limited |
1898 |
China Coal Energy Company Limited |
1919 |
China COSCO Holdings Company Limited |
2038 |
Foxconn International Holdings Limited |
2318 |
Ping An Insurance (Group) Company of China, Ltd. |
2328 |
PICC Property and Casualty Company Limited |
2388 |
BOC Hong Kong (Holdings) Limited |
2600 |
Aluminum Corporation of China Limited |
2628 |
China Life Insurance Company Limited |
2777 |
Guangzhou R&F Properties Co, Ltd |
2800 |
Tracker Fund of Hong Kong |
2823 |
iShares FTSE/Xinhua A50 China Index ETF * |
2827 |
WISE - CSI 300 China Tracker * |
2899 |
Zijin Mining Group Company Limited |
3328 |
Bank of Communications Co, Ltd |
3968 |
China Merchants Bank Co, Ltd |
3988 |
Bank of China Limited |
* Trading commences 12 July 2010