There are three kinds of stock index futures in China, namely, Shanghai and Shenzhen 300 stock index futures, CSI 500 stock index futures and SSE 50 stock index futures. In its trading rules, all kinds of stock index futures have delivery dates. The delivery dates and times of the three stock index futures are as follows:
The delivery date of Shanghai and Shenzhen 300 stock index futures is the last trading day and the third Friday of the contract expiration month, which will be postponed in case of national legal holidays. Shanghai and Shenzhen 300 futures are delivered by contract every month, instead of March, June, September and 12. However, many foreign futures only have quarter-end contracts, so there are only delivery contracts in March, June, September and 12.
The CSI 500 Index selects representative small and medium-sized companies in Shanghai and Shenzhen stock markets, and forms sample stocks according to scientific and objective methods, which fully reflects the overall situation of small and medium-sized companies in Shanghai and Shenzhen stock markets. The delivery date of CSI 500 stock index futures is the same as the last trading day, and it will be postponed on the third Friday of the month when the contract expires.
According to scientific and objective methods, the SSE 50 Index selects 50 representative stocks with large scale and good liquidity in Shanghai, which comprehensively reflects the overall situation of a group of leading enterprises with the most market influence in Shanghai. The delivery date of SSE 50 stock index futures is the same as the last trading day, which is the third Friday of the contract expiration month, and it will be postponed in case of national legal holidays.