China Stock Index Futures

China Stock Index Futures

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 (1.00 USD = 6.83 RMB) times the value of the Shanghai Shenzhen 300 Stock Index.

It was introduced by the CFFEX on April 16, 2010[3][4][5].

Contract Specifications

[2]

Exchange: China Financial Futures Exchange (CFFEX)
Type: Index Futures
Underlying: Hushen 300 Index
Currency: Renminbi (RMB)
Contract: Size 300 RMB x Index
Tick Size: 2.0
Tick Value: 60 RMB
Pre-Open 1
Trading Session 1: 09:15 – 11:30
Pre-Open 2
Trading Session 2: 13:15 – 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



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