Equity Derivatives Monthly Update - April 2019 Market Developments
This document provides a monthly update on Equity Derivatives for institutional and corporate investors. It includes information on market developments, sector indices performance, and Equity Index Futures access codes for various indices like HS Mainland Banks, HS Mainland Properties, CES Gaming, and more. The disclaimer clarifies that the information is for general informational purposes only and does not constitute an offer to buy or sell any futures contracts or provide investment advice.
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April 2019 EQUITY DERIVATIVES MONTHLY UPDATE Market Development Division Information for institutional and corporate investors reference only
DISCLAIMER HKEX Pulse The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any futures contracts or other products or to provide any investment advice or service of any kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Hong Kong Exchanges and Clearing Limited ( HKEX ), Hong Kong Futures Exchange Limited ( HKFE ) (together, the Entities , each an Entity ), or any of their affiliates, or any of the companies that they operate, to any registration requirement within such jurisdiction or country. No section or clause in this document may be regarded as creating any obligation on the part of any of the Entities. Rights and obligations with regard to the trading, clearing and settlement of any futures contracts effected on HKFE shall depend solely on the applicable rules of HKFE and the relevant clearing house, as well as the applicable laws, rules and regulations of Hong Kong. Futures and Options Information Application Apple Store Google Play Although the information contained in this document is obtained or compiled from sources believed to be reliable, neither of the Entities guarantees the accuracy, validity, timeliness or completeness of the information or data for any particular purpose, and the Entities and the companies that they operate shall not accept any responsibility for, or be liable for, errors, omissions or other inaccuracies in the information or for the consequences thereof. The information set out in this document is provided on an as is and as available basis and may be amended or changed. It is not a substitute for professional advice which takes account of your specific circumstances and nothing in this document constitutes legal advice. Neither of the Entities shall be responsible or liable for any loss or damage, directly or indirectly, arising from the use of or reliance upon any information provided in this document. Xiaomi 360 Additional disclaimer for CES China 120 Index Futures CES China 120 Index ( CES 120 Index ) are calculated and / or disseminated by China Securities Index Company Limited ( CSIC ) on behalf of China Exchanges Services Company Limited ( CESC ). Neither CESC nor CSIC guarantee (expressly or impliedly) the accuracy, completeness, timeliness or fitness for a particular purpose of the CESC Index and/or the information contained therein; nor do they accept any liability for any damages, loss, costs or expenses suffered by any person arising from the use of the CESC Index and/or the information contained therein. 2
Equity Indices Monthly Performance in April 2019 Sector Indices vs HSI / HSCEI CES120 vs China Theme Indices Index Name Index Name +6.5% CES Gaming Index FTSE A50 Index +4.3% HS IT Hardware Index +3.3% HS Mainland Banks Index +2.7% CES120 Index +3.1% HS Software Index +2.4% HSI +2.2% HSCEI +1.4% HSCEI +1.4% HS Mainland Properties Index -0.6% HS Mainland Healthcare Index -2.1% CSI 300 Index +1.1% HS Mainland Oil & Gas Index -2.5% % Change % Change Equity Index Futures Access Codes HS Mainland Banks HS Mainland Properties HS Mainland Oil & Gas HS Mainland Healthcare HS IT Hardware CES Gaming HS Software CES 120 HSI HSCEI Vendor Bloomberg CCSA BMWA PPTA OGIA HCEA HISA IHWA CESA HIA HCA Reuters 0#HGTI: 0#HMBI: 0#HMPI: 0#HMOI: 0#HMHI: 0#HSSI: 0#HITI: 0#HCHH: 0#HSI: 0#HCEI: WIND GTIF MBIF MPIF MOIF MCIF SSIF ITIF CHHF HSIF HHIF ET Net GTI MBI MPI MOI MCI SSI ITI CHH HSI HHI 3 3 Data Source: Bloomberg As at 30 April 2019 Information for reference only
Equity Index Futures & Options Hang Seng Index (HSI) Futures & Options HSI Options (YoY) HSI Futures (YoY) HSI Products (2019 vs 2018) ADV OI* Average Daily Volume Open Interest Open Interest Average Daily Volume (No. of Contracts) (No. of Contracts) (No. of Contracts) (No. of Contracts) 280,000 200,000 60,000 400,000 ADV (L-Axis) Open Interest (R-Axis) ADV (L-Axis) Open Interest (R-Axis) 240,000 224,811 (-4%) 146,913 (+10%) HSI Futures 150,000 45,000 300,000 200,000 160,000 100,000 30,000 200,000 120,000 93,072 (-7%) 10,383 (-18%) Mini-HSI Futures 80,000 50,000 15,000 100,000 40,000 0 0 0 0 48,575 (-6%) 265,659 (-5%) HSI Options HSI Futures (MoM) HSI Options (MoM) 12,429 (+24%) 17,280 (-8%) Mini-HSI Options Open Interest Open Interest (No. of Contracts) Average Daily Volume Average Daily Volume (No. of Contracts) (No. of Contracts) (No. of Contracts) ADV (L-Axis) Open Interest (R-Axis) 350,000 200,000 75,000 600,000 ADV (L-Axis) Open Interest (R-Axis) 300,000 60,000 150,000 HSI Volatility Index Futures 250,000 400,000 1.1 (+27614%) 4 (-) 45,000 200,000 100,000 150,000 30,000 200,000 100,000 HSI Dividend Point Index Futures 50,000 15,000 50,000 86 (+65%) 6,083 (+229%) 0 0 0 0 Nov Dec Nov Dec Oct Oct May May Mar Mar Aug Sep Aug Sep Apr Apr Jun Jun Jan Jan Jul Jul Feb Feb 2018 2019 2018 2019 4 4 Data Source: HKEX * OI compared to previous year-end Information for reference only As at 30 April 2019
Equity Index Futures & Options HSI Futures & Options Hang Seng Index HSI vs VHSI Price Level HSI & Top 5 Constituents Includes the largest and most liquid stocks listed in Hong Kong ('000) Index Description 128 31 22 HSI VHSI HSI Index HSBC CCB Tencent AIA China Mobile 29,699.11 (As at 30 Apr 2019) Index Level 30 118 20 18.6 Index Volatility (30-Day Historical) 29 231.02 (Apr 2019) Index Avg. Day High-Low Range 108 28 18 0.961 HSCEI Correlation (2019) 27 98 16 26 Hang Seng Index Futures 88 Feb-19 25 Feb-19 14 Mar-19 Apr-19 Mar-19 Apr-19 HK$50 Contract Multiplier Distribution of HSI Index Options OI in Month-end HK$1.48Mn (As at 30 Apr 2019) Notional Value (1 Contract) Put Call Transaction Cost* 37.4 Index Strike Price ('000) 37.4 35.4 Index Strike Price ('000) N/A Stamp Duty 35.4 33.4 33.4 31.4 HK$10 / contract Trading Fee 31.4 29.4 29.4 27.4 HK$0.54 / contract SFC Levy 27.4 25.4 25.4 23.4 Negotiable Commission Rate 23.4 21.4 21.4 19.7 19.7 HK$87,300 Margin as of 1 April 2019 10.0 10.0 0 4 8 12 0 2 Open Interest ('000) 4 6 8 10 Open Interest ('000) 5 5 Data Source: HKEX, Bloomberg * All calculations are in HKD and exclude commission fees Information for reference only As at 30 April 2019
Equity Index Futures & Options Hang Seng China Enterprises Index (HSCEI) Futures & Options HSCEI Options (YoY) HSCEI Futures (YoY) HSCEI Products (2019 vs 2018) ADV OI* Average Daily Volume Open Interest Open Interest Average Daily Volume (No. of Contracts) (No. of Contracts) (No. of Contracts) (No. of Contracts) 160,000 600,000 120,000 2,800,000 ADV (L-Axis) Open Interest (R-Axis) ADV (L-Axis) Open Interest (R-Axis) 2,400,000 500,000 100,000 146,075 (-4%) 399,972 (-7%) HSCEI Futures 120,000 2,000,000 400,000 80,000 1,600,000 80,000 300,000 60,000 1,200,000 Mini HSCEI Futures 200,000 40,000 17,017 (-25%) 4,199 (-21%) 800,000 40,000 100,000 20,000 400,000 0 0 0 0 90,734 (-8%) 2,608,656 (+13%) HSCEI Options HSCEI Futures (MoM) HSCEI Options (MoM) Average Daily Volume Open Interest (No. of Contracts) Average Daily Volume Open Interest (No. of Contracts) Mini HSCEI Options (No. of Contracts) 1,699 (-28%) 15,774 (+207%) (No. of Contracts) 150,000 4,000,000 220,000 600,000 ADV (L-Axis) Open Interest (R-Axis) ADV (L-Axis) Open Interest (R-Axis) 500,000 HSCEI Dividend Point Index Futures 165,000 3,000,000 400,000 100,000 2,127 (+27%) 131,067 (+5%) 110,000 300,000 2,000,000 200,000 50,000 55,000 1,000,000 100,000 0 0 0 0 Nov Dec Oct May Mar Aug Sep Apr Jun Jan Jul Feb Nov Dec Oct May Mar Aug Sep Apr Jun Jan Jul Feb 2018 2019 2018 2019 6 6 Data Source: HKEX * OI compared to previous year-end Information for reference only As at 30 April 2019
Equity Index Futures & Options HSCEI Futures & Options HSCEI HSI vs HSCEI HSCEI & Top 5 Constituents Comprises the largest and most liquid H shares Index Description 103 135 HSI HSCEI HSCEI ICBC BOC Ping An CCB China Life 11,542.25 (As at 30 Apr 2019) Index Level 102 125 20.8 Index Volatility (30-Day Historical) 109.82 (Apr 2019) Index Avg. Day High-Low Range 101 115 Correlation with HSI, CES120 (2019) 0.961, 0.919 100 105 Correlation with CSI300, FTSE A50 (2019) 0.808, 0.815 95 Feb-19 99 01-Apr 14-Apr 27-Apr Mar-19 Apr-19 HSCEI Futures Distribution of HSCEI Index Options OI in Month-end HK$50 Contract Multiplier HK$0.58Mn (As at 30 Apr 2019) Notional Value (1 Contract) Call Put 17.0 17.0 16.0 16.0 15.0 Index Strike Price ('000) 15.0 14.0 14.0 Index Strike Price ('000) Transaction Cost* 13.0 13.0 12.0 12.0 11.0 11.0 N/A Stamp Duty 10.0 10.0 9.0 9.0 8.0 HK$3.5 / contract Trading Fee 8.0 7.0 7.0 6.0 6.0 HK$0.54 / contract SFC Levy 5.0 5.0 4.5 4.5 4.0 Negotiable Commission Rate 4.0 0 60 120 180 0 20 Open Interest ('000) 40 60 80 100 Open Interest ('000) HK$34,550 Margin as of 1 April 2019 7 7 Data Source: HKEX, Bloomberg * All calculations are in HKD and exclude commission fees Information for reference only As at 30 April 2019
Equity Futures & Options Single Stock Futures & Options No. of Single Stock Derivatives Single Stock Derivatives ADV (2019 vs 2018) ADV OI* Single Stock Futures Single Stock Options 78 96 Stock Futures 5,000 (+43%) 21,153 (+3%) Stock Options 522,501 (+1%) 8,653,467 (+20%) Stock Futures (YoY) Latest and Future Developments Stock Options (YoY) Open Interest Average Daily Volume Average Daily Volume Open Interest (No. of Contracts) (No. of Contracts) (No. of Contracts) (No. of Contracts) 4,000 30,000 600,000 10,000,000 Stock Futures ADV (L-Axis) Open Interest (R-Axis) ADV (L-Axis) Open Interest (R-Axis) 25,000 8,000,000 3,000 Products 3 A-shares ETFs futures contracts Total 78 stock futures contracts 400,000 20,000 6,000,000 2,000 15,000 4,000,000 200,000 10,000 1,000 2,000,000 5,000 0 0 0 0 Stock Options Stock Options (MoM) Stock Futures (MoM) Products 3 A-shares ETFs options contracts Total 96 stock options contracts Average Daily Volume Open Interest (No. of Contracts) Average Daily Volume Open Interest (No. of Contracts) (No. of Contracts) (No. of Contracts) ADV (L-Axis) Open Interest (R-Axis) ADV (L-Axis) Open Interest (R-Axis) 800,000 12,000,000 8,000 30,000 25,000 600,000 6,000 Market Makers (MMs) 3 types of market makers (PMM/ CQMM/ QRMM) CQMM to provide 50 series continuous quotations 8,000,000 20,000 400,000 4,000 15,000 4,000,000 10,000 200,000 2,000 5,000 0 0 0 0 Dec Nov Oct May Mar Aug Sep Apr Jan Jun Jul Feb Nov Dec Oct May Mar Aug Sep Apr Jun Jan Jul Feb 2018 2019 2018 2019 8 8 Data Source: HKEX * OI compared to previous year-end Information for reference only As at 30 April 2019
Hang Seng Mainland Banks Index Futures Performance Hang Seng Mainland Banks Index (HSMBI) 5-Min Avg. Bid-Ask Spreads (30 April 2019) 10 largest and most representative HKEX-listed mainland banks stocks Index Description CEB Bank 6818.HK 0.55% Bank of China 3988.HK 0.28% 3,198.54 (As at 30 April 2019) Index Level ABC 1288.HK 0.28% Index Volatility (30-Day Historical) 22.1 Minsheng Bank 1988.HK 0.26% PSBC 1658.HK 0.25% 26.52 (April 2019) Index Avg. Day High-Low Range CITIC Bank 998.HK 0.22% 0.871 HSI Correlation (2019) CM Bank 3968.HK 0.19% ICBC 1398.HK 0.19% 0.929 HSCEI Correlation (2019) Bankcomm 3328.HK 0.17% CCB 939.HK 0.17% Hang Seng Mainland Banks Index Futures HSMBI Futures 0.07% HK$50 Contract Multiplier HSMBI Futures have relatively tighter Bid-Ask Spreads 1 HK$0.16Mn (As at 30 April 2019) Notional Value (1 Contract) Index & Constituents 3-Month Performance (Rebased to 100) HK$0.80Mn (5 Contracts) Avg. Quote Size 2.1 index points (April 2019) Avg. Bid-Ask Trading Spread HSMBI ICBC (1398.HK) ABC (1288.HK) CCB (939.HK) BOC (3988.HK) 110 Flow, IMC, Yue Kun Liquidity Providers 105 Transaction Cost* N/A Stamp Duty 100 HK$2 / contract Trading Fee HK$0.54 / contract SFC Levy 95 Feb-2019 HK$7,950 Margin as of 1 April 2019 Mar-2019 Apr-2019 HSMBI Futures can be used for hedging Futures contracts have relatively lower transaction costs 3 2 Data Source: HKEX, HSIL, Bloomberg * All calculations are in HKD and exclude commission fees Information for reference only 9 As at 30 April 2019
Hang Seng Mainland Oil & Gas Index Futures Performance 5-Min Avg. Bid-Ask Spreads (30 April 2019) Hang Seng Mainland Oil & Gas Index (HSMOGI) 7 largest and most representative HKEX-listed mainland oil & gas stocks Index Description BG Blue Sky 6828.HK 1.97% 1,896.73 (As at 30 April 2019) Index Level Kunlun Energy 135.HK 0.28% Index Volatility (30-Day Historical) 24.8 CNOOC 883.HK 0.24% 15.66 (April 2019) Index Avg. Day High-Low Range PetroChina 857.HK 0.21% 0.786 HSI Correlation (2019) Sinopec Corp 386.HK 0.19% 0.778 HSCEI Correlation (2019) China Oilfield 2883.HK 0.18% HSMOGI Futures 0.11% Hang Seng Mainland Oil & Gas Index Futures HK$50 Contract Multiplier HSMOGI Futures have relatively tighter Bid-Ask Spreads 1 HK$95K (As at 30 April 2019) Notional Value (1 Contract) Index & Constituents 3-Month Performance (Rebased to 100) HK$0.47Mn (5 Contracts) Avg. Quote Size 1.8 index points (April 2019) Avg. Bid-Ask Trading Spread 120 HSMOGI CNOOC (883.HK) Kunlun Energy (135.HK) PetroChina (857.HK) Sinopec Corp (386.HK) Flow, IMC, Yue Kun Liquidity Providers 110 Transaction Cost* N/A Stamp Duty 100 HK$2 / contract Trading Fee HK$0.54 / contract SFC Levy 90 Feb-2019 HK$4,910 Margin as of 1 April 2019 Mar-2019 Apr-2019 Futures contracts have relatively lower transaction costs HSMOGI Futures can be used for hedging 2 3 Data Source: HKEX, HSIL, Bloomberg * All calculations are in HKD and exclude commission fees Information for reference only 10 As at 30 April 2019
Hang Seng Mainland Properties Index Futures Performance Hang Seng Mainland Properties Index (HSMPI) 5-Min Avg. Bid-Ask Spreads (30 April 2019) 10 largest and most representative HKEX-listed mainland properties stocks Index Description Fullshare 607.HK 2.74% Sino-Ocean Gp 3377.HK 0.37% 7,490.71 (As at 30 April 2019) Index Level Evergrande 3333.HK 0.37% Index Volatility (30-Day Historical) 36.6 China Vanke 2202.HK 0.37% Country Garden 2007.HK 0.37% 110.97 (April 2019) Index Avg. Day High-Low Range HSMPI Futures 0.37% 0.714 HSI Correlation (2019) China Overseas 688.HK 0.32% 0.687 HSCEI Correlation (2019) China Res Land 1109.HK 0.29% Shimao Property 813.HK 0.27% Longfor PPT 960.HK 0.27% Hang Seng Mainland Properties Index Futures Kerry Ppt 683.HK 0.22% HK$50 Contract Multiplier HSMPI Futures have relatively moderate Bid-Ask Spreads 1 HK$0.37Mn (As at 30 April 2019) Notional Value (1 Contract) Index & Constituents 3-Month Performance (Rebased to 100) HK$1.9Mn (5 Contracts) Avg. Quote Size HSMPI China Overseas (688.HK) China Res Land (1109.HK) Evergrande (3333.HK) Country Garden (2007.HK) 5.9 index points (April 2019) Avg. Bid-Ask Trading Spread 130 Flow, IMC, Yue Kun Liquidity Providers 120 Transaction Cost* 110 N/A Stamp Duty HK$2 / contract Trading Fee 100 HK$0.54 / contract SFC Levy 90 Feb-2019 HK$23,920 Margin as of 1 April 2019 Mar-2019 Apr-2019 Futures contracts have relatively lower transaction costs HSMPI Futures can be used for hedging 2 3 Data Source: HKEX, HSIL, Bloomberg * All calculations are in HKD and exclude commission fees Information for reference only 11 As at 30 April 2019
Hang Seng IT Hardware Index Futures Performance Hang Seng IT Hardware Index (HSITHI) 5-Min Avg. Bid-Ask Spreads (30 April 2019) 10 largest and most representative HKEX-listed IT hardware stocks Tongda Group 698.HK 1.17% Index Description Truly Int'l 732.HK 1.02% 3,179.22 (As at 30 April 2019) Index Level BYD Electronic 285.HK 0.72% Index Volatility (30-Day Historical) 27.6 ChinaComservice 552.HK 0.24% 57.69 (April 2019) Index Avg. Day High-Low Range AAC Tech 2018.HK 0.18% 0.581 HSI Correlation (2019) Lenovo Group 992.HK 0.18% HSITHI Futures 0.18% 0.586 HSCEI Correlation (2019) ZTE 763.HK 0.17% VTech Holdings 303.HK 0.13% Hang Seng IT Hardware Index Futures HK$50 Contract Multiplier HSITHI Futures have relatively tighter Bid-Ask Spreads 1 HK$0.16Mn (As at 30 April 2019) Notional Value (1 Contract) Index & Constituents 3-Month Performance (Rebased to 100) HK$0.79Mn (5 Contracts) Avg. Quote Size HSITHI BYD Electronic (285.HK) Lenovo Group (992.HK) AAC Tech (2018.HK) ZTE (763.HK) 1.7 index points (April 2019) Avg. Bid-Ask Trading Spread 185 Flow Liquidity Providers 165 145 Transaction Cost* N/A Stamp Duty 125 HK$2 / contract Trading Fee 105 HK$0.54 / contract SFC Levy 85 Feb-2019 HK$9,920 Margin as of 1 April 2019 Mar-2019 Apr-2019 Futures contracts have relatively lower transaction costs HSITHI Futures can be used for hedging 2 3 Data Source: HKEX, HSIL, Bloomberg * All calculations are in HKD and exclude commission fees Information for reference only 12 As at 30 April 2019
CES120 Index Futures Performance CES120 Index 5-Min Avg. Bid-Ask Spreads (30 April 2019) 80 A-Shares and 40 HK-listed Mainland China H-shares, P-chips, and red chips Index Description CSOP FTSE A50 ETF (2822.HK) 0.16% 6,934.38 (As at 30 April 2019) Index Level Index Volatility (30-Day Historical) 20.2 ChinaAMC CSI300 ETF (3188.HK) 0.13% 81.52 (April 2019) Index Avg. Day High-Low Range 0.953 CSI300 Correlation (2019) X iShares A50 ETF (2823.HK) 0.13% 0.963 FTSE A50 Correlation (2019) CES120 Futures 0.08% CES120 Index Futures HK$50 Contract Multiplier CES120 Futures have relatively tighter Bid-Ask Spreads 1 HK$0.35Mn (As at 30 April 2019) Notional Value (1 Contract) CES120 & Top Constituents 3-Month Performance (Rebased to 100) HK$1.73Mn (5 Contracts) Average Quote Size Average Bid-Ask Trading Spread 5.1 index points (April 2019) 135 CES120 Index Ping An Tencent China Mobile CCB Flow Liquidity Providers 125 115 Transaction Cost* N/A Stamp Duty 105 HK$5 / contract Trading Fee 95 HK$0.54 / contract SFC Levy 85 Feb-2019 HK$16,730 Margin as of 1 April 2019 Mar-2019 Apr-2019 Futures contracts have relatively lower transaction costs CES120 Futures can be used to hedge A-share positions 2 3 Data Source: HKEX, HSIL, Bloomberg * All calculations are in HKD and exclude commission fees Information for reference only 13 As at 30 April 2019
Sector Index and Sector Index Futures Access Codes Hong Kong and International Information Vendors Information Vendor Mainland Banks Index Mainland Banks Index Futures Mainland Properties Index Mainland Properties Index Futures Mainland Oil & Gas Index Mainland Oil & Gas Index Futures 221415 IT Hardware Index IT Hardware Index Futures AASTOCKS 221420 221425 221435 =0200800.H K 837451 MSMPI Index =0201000.H K 837451 HSMOGI Index Activ Financial MBI/16K.HF MPI/16K.HF MOI/16K.HF =0201100.HK ITI/16K.HF =0200700.HK AFE 870809 870810 870808 870812 837451 837451 Bloomberg BMWA Index PPTA Index OGIA Index IHWA Index HSMBI Index HSITHI Index DB Power ET Net Infocast MBI MBI MBI MPI MPI MPI MOI MOI MOI ITI ITI ITI MBN HSMBI SEHK.HHSM BI MPR MSMPI SEHK.HHSM PI MOG MOGI SEHK.HHS MOGI ITW ITHI SEHK.HHSIT HI QuotePower P11223 P11224 P11222 P11226 Telequote Thomson Reuters Mainland Information Vendors MBImy 0#HMBI: MPImy 0#HMPI: MOImy 0#HMOI: ITImy 0#HITI: .HSMBI .HSMPI .HSMOGI .HSITHI Information Vendor Mainland Banks Index Mainland Banks Index Futures MBI Mainland Properties Index Mainland Properties Index Futures Mainland Oil & Gas Index Mainland Oil & Gas Index Futures MOI IT Hardware Index IT Hardware Index Futures East Money Hexin Flush Financial MPI ITI HSMBI HSMPI HSMOGI HSITHI MBIC MPIC MOIC ITIC MBI+Month +Year 209 MBIF+yym m+HK MPI+Month+ Year 209 MPIF+yymm +HK MOI+Month +Year 209 MOIF+yym m+HK ITI+Month+ Year 209 ITIF+yymm +HK Pobo Financial Qianlong 999905 999902 999903 999906 Wind HSMBI HSMPI HSMOGI HSITHI Data Source: HKEX 14
CES120 Index and CES120 Index Futures Access Codes Hong Kong and International Information Vendors Information Vendor CES 120 Index CES 120 Index Futures Bloomberg Finance L.P. Thomson Reuters AAStocks.com Limited AFE Solutions Ltd. DB Power Online Limited ET Net Limited Infocast Limited Interactive Data Group Marketprizm Hong Kong Limited SIX Financial Information Ltd. Telequote Data International Limited CES120 .HKCES120 110056 837505 CES120 CEC CE120 I:CES120 CES120 CES120 CES120 CESA Index DES <GO> 0#HCHH: 221360 870800 CHH CHH CHH Fn:CHH\MYYDD CHHmy CHHmy CHHmy Mainland Information Vendors Information Vendor Hithink RoyalFlush Information Network Ltd Shangahai DZH Limited Shanghai Gildata Services Co Ltd Shanghai Wind Information Co., Ltd Zheng Zhou Esunny Information Technology Co, Ltd. Shanghai Wenhua Financial Information Ltd Shanghai Qianlong Advanced Technology Co Ltd CES 120 Index CES 120 Index Futures CES120 CES120 CES120 CES120 CHHC CHH+Month Code+Year Code - CHHF+yymm+.HK - CHH - CHHmy Page 209 CES120 Data Source: HKEX 15
