The contract value is equal to the stock index futures price multiplied by the multiplier, so the value of a contract is affected by the stock index futures price and the contract multiplier.

Other things being equal, the greater the contract multiplier, the greater the contract value, which means the greater the contract value of stock index futures. Contract Value Under the condition that other conditions remain unchanged, with the increase of the underlying index, the contract value of contract value stock index futures is also increasing.

Take the contract value of Hang Seng Index Futures as an example. At that time, it was below 2000 points (the contract multiplier was HK$ 50), so the futures contract value did not exceed HK$ 654.38+ million. Contract value In 2009, the Hang Seng Index broke through 2000 () points, and the contract value of Hang Seng Index futures has exceeded HK$ 65.438 billion.