Legal analysis: Stock index futures contracts are standardized contracts formulated by exchanges. It is the object of stock index futures trading. The contents of stock index futures contracts need to be clear in advance before trading. The contract value is expressed by the product of the points of the relevant underlying index and a certain monetary amount, which is called multiplier.

Legal basis: Article 5 of the Trading Rules of SSE 50 Stock Index Futures Contract of China Financial Futures Exchange, the contract multiplier of this contract is RMB 300 yuan per point. The contract value of stock index futures is the index point of stock index futures multiplied by contract multiplier.