HSI Contituent & Update

Banking :
HSBC Holdings PLC
Hang Seng Bank
Bank of East Asia
HK Exchange & Clearing Ltd
China Construction Bank
Industrial and Commercial Bank of China
Ping An Insurance
Bank of Commerce Holdings
China Life Insurance Company
Bank of Communications Ltd
Bank of China

Industry :
CLP Holdings
HK & China Gas
Hong Kong Electric Holdings Ltd
China Resources Enterprise Ltd

Property :
Cheung Kong Holdings Ltd
Henderson Land Development Company Ltd
Sun Hung Kai Properties Ltd
Sino Land Co Ltd
Hang Lung Properties Ltd
China Overseas

Utility :
Wharf Holdings Ltd
Hutchison Whampoa Limited
New World Development Co Ltd
Swire Pacific Ltd 'A'
MTR Corporation
China Merchants Holdings (International) Co Ltd
CITIC Pacific Ltd
China Resources
Cathay Pacific Airways Ltd
Esprit Holdings Ltd
SINOPEC Shanghai Petrochemical Company (SNP)
Li & Fung
Tencent
China Unicom
PetroChina Company
CNOOC Ltd
China Mobile
China Shenhua Energy Company Ltd
COSCO Pacific Ltd
Foxconn International Holdings Ltd
Aluminum Corporation of China Ltd

HSI Futures Profile

The HSI futures market is based upon the Hang Seng stock index, which is the primary stock index of HKEX (Hong Kong Exchanges and Clearing) in Hong Kong. The Hang Seng index is calculated using prices of the 38 capitalization weighted companies, and the HSI futures market is traded on the HKFE (Hong Kong Futures Exchange) from 9:45 AM to 12:30 AM, and from 2:30 PM to 4:15 PM Hong Kong Time. The HSI futures market has a daily trading volume of approximately 50000 contracts, and a daily price range of approximately 300 points (300 ticks).

Contract Specifications

The full contract specifications for the HSI futures market are as follows :

* Symbol (IB / Sierra Chart Format) : HSI
* Expiration date : Every Thursday by the end of the month
* Exchange : HKFE
* Currency : HKD
* Multiplier / Contract value : 50 HKD
* Tick size / Minimum price change : 1
* Tick value / Minimum price value : 50 HKD

Hangseng Stocks Index Trading

Hang Seng Index (HSI) is one of the best-known indexes in Asia , Hang Seng Index (HSI) is the benchmark of the Hong Kong stock market,, and is widely used by fund managers as their performance benchmark.

Hong Kong Futures Exchange (HKFE) first introduced Hang Seng futures contracts in May 1986 followed by the introduction of Hang Seng options contracts in March 1993. These contracts provide investors with a set of effective instruments to manage portfolio risk and to capture index arbitrage opportunities. The popularity of Hang Seng futures and options has developed gradually, with increasing domestic and international investors' participation.

The Hang Seng Index (HSI) is a market capitalization-weighted index (shares outstanding multiplied by stock price) of the thirty-three constituent stocks. The influence of each stock on the Index's performance is directly proportional to its relative market value. Constituent stocks with higher market capitalization will have greater impact on the Index's performance than those with lower market capitalization. The thirty-three constituent stocks are grouped under Commerce and Industry, Finance, Properties, and Utilities sub-indices. These stocks account for about70% of the total market capitalization of all stocks listed on The Stock Exchange of Hong Kong Ltd.