New Offer of Trading MSCI A50 Connect Index Futures
HKEX MSCI A50 Connect(USD)Index Futures 港交所MSCI 中國A50互聯互通(美元)指數期貨HKEX MSCI A50 Connect(USD)Index Futures

MSCI China A50 Connect Index Futures

Contract Summary


Underlying IndexMSCI China A 50 Connect Index
HKATS Code MCA
Trading Currency USD
Contract Multiplier US$25
Minimum Fluctuation 0.2 index point
Contract Months Spot month, next calendar month and the following 4 quarterly months
Last Trading Day (LTD) The third Friday of the contract month(If it is not a Hong Kong business day, or if it falls on a Mainland Chinese public holiday, the LTD will be the preceding Hong Kong business day which is also a business day in Mainland China)
Pre-Market Opening Period 08: 45 – 09:00
Trading Hours 09:00 – 16:30 (day trading session)
17:15 – 03:00 (after-hours trading session) 
09:00 – 15:00 (LTD)
Final Settlement Price The average of quotations of the MSCI China A 50 Connect Index on LTD, taken at (i) 15 second intervals during the last two hours of trading on the Shanghai Stock Exchange and Shenzhen Stock Exchange before the end of the continuous trading sessions, and (ii) the closing index value, rounded up to the nearest 2 decimal places if the figure in the third decimal place is 5 or above and rounded down to the nearest 2 decimal places if it is below 5.
Transaction Costs Exchange Fee US$1.00
Commission Levy US$0.07

MSCI China A50 Connect Characteristics

  • Correlation with CSI300: up to 0.97
  • All constituent stocks can be traded under China Stock Connect
  • Covers varies industries with at least two stocks each

*Data accurate as of 31 July 2021

Exchange Fee and SFC Commission Levy

  1. Exchange fee is USD 1.00. SFC Levy is USD 0.07. Please refer to the latest available details by HKEX, no prior notice will be given for any changes. Commission discount are applicable only to retail.
  2. Phillip Securities Group reserves the right to suspend, modify or terminate this promotion and/or any of the terms and conditions without prior notice. In case of any disputes, the decision made by Phillip Securities Group shall be final and conclusive.
    3. Please refer to the latest available details by HKEX, no prior notice will be given for any changes. Commission discount are applicable only to retail.
  3. Phillip Securities Group reserves the right to suspend, modify or terminate this promotion and/or any of the terms and conditions without prior notice. In case of any disputes, the decision made by Phillip Securities Group shall be final and conclusive.

Frequently Asked Questions

1.What is the settlement currency of MSCI China A50 Connect Index Futures?

Trading and settlement currency are both in USD.

2.What is the contract multiplier of MSCI China A50 Connect Index Futures?

The contract multiplier is 25.

3.Which major sectors are included in the MSCI China A50 Connect Index Futures?

Major sector includes financials, industrials and consumer staples.

4.Are all MSCI China A50 Connect Index constituent stocks tradable under Stock Connect?

According to the information released by HKEX and MSCI, all constituent stocks are tradable under Stock Connect. However, certain constituent stocks are listed under Sci-Tech Innovation Board, and thus only tradable by institutional investors.

 

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