Product introduction
The relevant index of H-share index futures and options (HHI) is hang seng china enterprises index (State-owned Enterprise Index), which is a market-weighted stock index compiled and calculated by Hang Seng Index Co., Ltd. The State-owned Enterprise Index reflects the trend of major H-shares. H shares are RMB-denominated shares issued by People's Republic of China (PRC) (China) issuer according to the laws of China. Except that the par value of shares is still RMB, H shares are listed, subscribed and traded in Hong Kong dollars on the Hong Kong Stock Exchange.
The relevant index of H-share index futures (HHI) is a state-owned enterprise index, which was held on February 8, 2003.
With the success of H-share index futures, on June 8, 2004, H-share index options came into being. In order to absorb over-the-counter transactions, a user-defined index option contract with flexible exercise price and contract month was held on February 8, 20 10.
Product advantage
1. Flexible trading strategy
H-share index futures and options (HHI) not only provide investors with the opportunity to buy or sell strategies, but also can be used as a hedging strategy (to protect the value of the state-owned stock portfolio in a falling market) or a cross-market trading strategy (to earn the relative performance profits of the two markets, such as the state-owned stock index and the Hang Seng Index).
2. High transaction efficiency
The trading efficiency of H-share index futures and options (HHI) is high.
3. Flexible use of funds
H-share index futures and options (HHI) are bought and sold at a premium, and the funds used for investment will be much lower than the investment portfolio of H-share companies.
4. Low transaction cost
The transaction cost of buying and selling H-share index futures and options (HHI) is lower than that of buying and selling a basket of SOE index stocks.
5. Performance guarantee provided by the clearing house
Futures and options contracts are registered, settled and guaranteed by the clearing house of the Hong Kong Stock Exchange, which eliminates the counterparty risk among clearing house participants. (The scope of guarantee provided by the clearing house does not include the responsibilities of clearing participants to customers, so investors must be cautious when choosing securities firms for trading. )