Stock index futures contracts are delivered in cash.

(Closing at 2012081715: 00) After the closing of the stock index futures contract on the last trading day (the third Friday of the contract expiration month), the exchange will allocate the profit and loss of both parties' positions based on the delivery settlement price, and settle all open contracts.

The settlement price of stock index futures delivery is the arithmetic average price of the last two hours of the underlying index on the previous trading day. Trading ownership adjusts the settlement price of stock index futures according to market conditions.

The Shanghai and Shenzhen 300 Index consists of 300 large-scale, highly liquid and most representative stocks in the Shanghai and Shenzhen A-share markets, which was officially released on April 8, 2005, fully reflecting the overall performance of the Shanghai and Shenzhen A-share markets. The Shanghai and Shenzhen 300 Index is the first benchmark index of stock index futures in the Mainland. It has been developed into index funds and ETF products by many institutions at home and abroad, and the tracking assets rank first in the A-share stock index.