No, stock index futures commission = transaction price × contract multiplier × stock index futures commission rate, in which the contract multiplier of CSI 300 and SSE 50 is 300 and that of CSI 500 is 200. The non-daily handling fee of stock index futures is 0.23 ‰ of the transaction amount, and the closing fee of stock index futures is 3.45 ‰ of the transaction amount.

A futures contract is an agreement in which the buyer agrees to receive assets at a specific price after a specified time, and the seller agrees to deliver assets at a specific price after a specified time. The price that both parties agree to use in future transactions is called futures price. The designated date on which both parties must conduct transactions in the future is called settlement date or delivery date. The assets that both parties agree to exchange are called "targets". If an investor obtains a position in the market by buying a futures contract (that is, agreeing to buy it at a future date), it is called a long position or a futures long position. On the contrary, if the position obtained by investors is to sell futures contracts (that is, to assume the contractual responsibility for future sales), it is called short positions or short futures.

Futures contract is a standardized contract designed by the exchange and approved by the national regulatory agency. The holders of futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.