The Margin of Stock Futures
Effective 1 Apr 2026
*As the margin charges are subject to change by HKFE from time to time, the above margin table is for reference only.
The margin requirements is below table may be slightly different from the HKFE's due to rounding.
Product   Client Margin
Initial Maintenance
(HK$) (HK$)
iShares FTSE A50 China Index ETF Futures Full Rate
(per lot)
5,280 4,224
Spread Rate
(/lot/side)
1,596 1,276
AAC Technologies Holdings Inc. Futures Full Rate
(per lot)
4,748 3,798
Spread Rate
(/lot/side)
1,436 1,148
Agricultural Bank of China Ltd. Futures Full Rate
(per lot)
3,537 2,829
Spread Rate
(/lot/side)
1,061 848
Anhui Conch Cement Co. Ltd. Futures Full Rate
(per lot)
1,356 1,084
Spread Rate
(/lot/side)
406 324
AIA Group Limited Futures Full Rate
(per lot)
15,494 12,395
Spread Rate
(/lot/side)
4,655 3,724
Alibaba Group Holding Ltd. Futures Full Rate
(per lot)
9,044 7,235
Spread Rate
(/lot/side)
2,713 2,170
Aluminum Corporation of China Ltd. Futures Full Rate
(per lot)
4,428 3,542
Spread Rate
(/lot/side)
1,328 1,062
Alibaba Health Information Technology Ltd. Futures Full Rate
(per lot)
1,582 1,265
Spread Rate
(/lot/side)
474 379
China AMC CSI 300 Index ETF Futures Full Rate
(per lot)
6,995 5,596
Spread Rate
(/lot/side)
2,101 1,680
Bank of China Ltd. Futures Full Rate
(per lot)
312 249
Spread Rate
(/lot/side)
94 75
Bank of Communications Co., Ltd. Futures Full Rate
(per lot)
454 363
Spread Rate
(/lot/side)
136 108
The Bank of East Asia, Ltd. Futures Full Rate
(per lot)
299 239
Spread Rate
(/lot/side)
90 72
Baidu, Inc. Futures Full Rate
(per lot)
2,487 1,989
Spread Rate
(/lot/side)
746 596
Bilibili Inc. Futures Full Rate
(per lot)
1,875 1,500
Spread Rate
(/lot/side)
562 449
BOC Hong Kong (Holdings) Ltd. Futures Full Rate
(per lot)
1,409 1,127
Spread Rate
(/lot/side)
422 337
Budweiser Brewing Company APAC Limited Futures Full Rate
(per lot)
573 458
Spread Rate
(/lot/side)
172 137
BYD Company Limited Futures Full Rate
(per lot)
5,758 4,606
Spread Rate
(/lot/side)
1,729 1,383
BYD Electronic International Company Limited Futures Full Rate
(per lot)
4,455 3,564
Spread Rate
(/lot/side)
1,343 1,074
China Construction Bank Corporation Futures Full Rate
(per lot)
529 423
Spread Rate
(/lot/side)
159 127
China Communications Construction Company Limited Futures Full Rate
(per lot)
320 256
Spread Rate
(/lot/side)
97 77
China Coal Energy Co. Ltd. Futures Full Rate
(per lot)
1,662 1,329
Spread Rate
(/lot/side)
498 398
China Cinda Asset Management Co., Ltd. Futures Full Rate
(per lot)
562 449
Spread Rate
(/lot/side)
168 134
CGN Power Co., Ltd. Futures Full Rate
(per lot)
2,979 2,383
Spread Rate
(/lot/side)
893 714
China Mobile Ltd. Futures Full Rate
(per lot)
2,593 2,074
Spread Rate
(/lot/side)
778 622
China Unicom (Hong Kong) Limited Futures Full Rate
(per lot)
1,195 956
Spread Rate
(/lot/side)
359 287
CITIC Ltd. Futures Full Rate
(per lot)
931 744
Spread Rate
(/lot/side)
279 223
CK Hutchison Holdings Ltd. Futures Full Rate
(per lot)
2,899 2,319
Spread Rate
(/lot/side)
869 695
China Life Insurance Company Ltd. Futures Full Rate
(per lot)
4,522 3,617
Spread Rate
(/lot/side)
1,356 1,084
CLP Holdings Ltd. Futures Full Rate
(per lot)
2,420 1,936
Spread Rate
(/lot/side)
726 580
China Merchants Bank Co., Ltd. Futures Full Rate
(per lot)
1,622 1,297
Spread Rate
(/lot/side)
486 388
CNOOC Ltd. Futures Full Rate
(per lot)
3,072 2,457
Spread Rate
(/lot/side)
921 736
China Overseas Land & Investment Ltd. Futures Full Rate
(per lot)
2,487 1,989
Spread Rate
(/lot/side)
746 596
COSCO Shipping Holdings Co., Ltd. Futures Full Rate
(per lot)
4,428 3,542
Spread Rate
(/lot/side)
1,328 1,062
China Petroleum & Chemical Corporation Futures Full Rate
(per lot)
940 752
Spread Rate
(/lot/side)
283 226
China Pacific Insurance (Group) Co., Ltd. Futures Full Rate
(per lot)
3,591 2,872
Spread Rate
(/lot/side)
1,077 861
CSOP FTSE China A50 ETF Futures Full Rate
(per lot)
4,881 3,904
Spread Rate
(/lot/side)
1,476 1,180
China Shenhua Energy Co. Ltd. Futures Full Rate
(per lot)
1,941 1,552
Spread Rate
(/lot/side)
582 465
China CITIC Bank Corporation Ltd. Futures Full Rate
(per lot)
12,049 9,639
Spread Rate
(/lot/side)
3,617 2,893
China Telecom Corporation Ltd. Futures Full Rate
(per lot)
675 540
Spread Rate
(/lot/side)
203 162
CITIC Securities Co. Ltd. Futures Full Rate
(per lot)
2,779 2,223
Spread Rate
(/lot/side)
833 666
Guangzhou Automobile Group Co., Ltd. Futures Full Rate
(per lot)
1,343 1,074
Spread Rate
(/lot/side)
402 321
Geely Automobile Holdings Ltd. Futures Full Rate
(per lot)
12,182 9,745
Spread Rate
(/lot/side)
3,657 2,925
Xinyi Glass Holdings Limited Futures Full Rate
(per lot)
2,779 2,223
Spread Rate
(/lot/side)
833 666
Ganfeng Lithium Group Co., Ltd Futures Full Rate
(per lot)
2,247 1,797
Spread Rate
(/lot/side)
674 539
Galaxy Entertainment Group Ltd. Futures Full Rate
(per lot)
3,724 2,979
Spread Rate
(/lot/side)
1,117 893
Great Wall Motor Co. Ltd. Futures Full Rate
(per lot)
10,919 8,735
Spread Rate
(/lot/side)
3,285 2,628
Hang Seng China Enterprises Index ETF Futures Full Rate
(per lot)
29,738 23,790
Spread Rate
(/lot/side)
8,924 7,139
Haidilao International Holding Limited Futures Full Rate
(per lot)
1,901 1,520
Spread Rate
(/lot/side)
570 456
Power Assets Holdings Limited Futures Full Rate
(per lot)
2,048 1,638
Spread Rate
(/lot/side)
614 491
Hong Kong Exchanges and Clearing Ltd. Futures Full Rate
(per lot)
2,606 2,084
Spread Rate
(/lot/side)
782 625
HSBC Holdings Plc. Futures Full Rate
(per lot)
5,639 4,511
Spread Rate
(/lot/side)
1,702 1,361
The Hong Kong and China Gas Co. Ltd. Futures Full Rate
(per lot)
476 380
Spread Rate
(/lot/side)
143 114
Henderson Land Development Co. Ltd. Futures Full Rate
(per lot)
3,032 2,425
Spread Rate
(/lot/side)
909 727
Huaneng Power International, Inc. Futures Full Rate
(per lot)
954 763
Spread Rate
(/lot/side)
287 229
Industrial and Commercial Bank of China Limited Futures Full Rate
(per lot)
433 346
Spread Rate
(/lot/side)
130 104
JD.com, Inc. Futures Full Rate
(per lot)
5,080 4,064
Spread Rate
(/lot/side)
1,529 1,223
JD Health International Inc. Futures Full Rate
(per lot)
3,551 2,840
Spread Rate
(/lot/side)
1,065 852
Kingdee International Software Group Co., Ltd. Futures Full Rate
(per lot)
3,617 2,893
Spread Rate
(/lot/side)
1,085 868
Kingsoft Corporation Ltd. Futures Full Rate
(per lot)
2,753 2,202
Spread Rate
(/lot/side)
825 660
Kuaishou Technology Futures Full Rate
(per lot)
4,056 3,244
Spread Rate
(/lot/side)
1,216 972
Li Auto Inc. Futures Full Rate
(per lot)
1,609 1,287
Spread Rate
(/lot/side)
482 385
Li Ning Company Limited Futures Full Rate
(per lot)
1,320 1,056
Spread Rate
(/lot/side)
396 316
Link Real Estate Investment Trust Futures Full Rate
(per lot)
2,433 1,946
Spread Rate
(/lot/side)
730 584
Meituan Futures Full Rate
(per lot)
9,948 7,958
Spread Rate
(/lot/side)
2,992 2,393
XiaoMi Corporation Futures Full Rate
(per lot)
4,628 3,702
Spread Rate
(/lot/side)
1,396 1,116
China Molybdenum Co., Ltd. Futures Full Rate
(per lot)
32,957 26,365
Spread Rate
(/lot/side)
9,895 7,916
China Minsheng Banking Corp., Ltd. Futures Full Rate
(per lot)
2,726 2,180
Spread Rate
(/lot/side)
817 653
MTR Corporation Ltd. Futures Full Rate
(per lot)
1,582 1,265
Spread Rate
(/lot/side)
474 379
New China Life Insurance Co. Ltd. Futures Full Rate
(per lot)
6,543 5,234
Spread Rate
(/lot/side)
1,968 1,574
Nongfu Spring Company Limited Futures Full Rate
(per lot)
4,428 3,542
Spread Rate
(/lot/side)
1,328 1,062
NetEase, Inc Futures Full Rate
(per lot)
9,443 7,554
Spread Rate
(/lot/side)
2,832 2,265
New World Development Co. Ltd. Futures Full Rate
(per lot)
1,729 1,383
Spread Rate
(/lot/side)
518 414
Ping An Insurance (Group) Co. of China, Ltd. Futures Full Rate
(per lot)
3,644 2,915
Spread Rate
(/lot/side)
1,093 874
PetroChina Co. Ltd. Futures Full Rate
(per lot)
1,782 1,425
Spread Rate
(/lot/side)
534 427
XPeng Inc. Futures Full Rate
(per lot)
1,901 1,520
Spread Rate
(/lot/side)
570 456
Ping An Healthcare and Technology Ltd. Futures Full Rate
(per lot)
1,013 810
Spread Rate
(/lot/side)
304 243
PICC Property and Casualty Company Limited Futures Full Rate
(per lot)
2,779 2,223
Spread Rate
(/lot/side)
833 666
Sands China Ltd. Futures Full Rate
(per lot)
657 525
Spread Rate
(/lot/side)
198 158
Sun Hung Kai Properties Ltd. Futures Full Rate
(per lot)
15,348 12,278
Spread Rate
(/lot/side)
4,615 3,692
Xinyi Solar Holdings Ltd. Futures Full Rate
(per lot)
825 660
Spread Rate
(/lot/side)
248 198
Semiconductor Manufacturing International Corporation Futures Full Rate
(per lot)
20,521 16,416
Spread Rate
(/lot/side)
6,157 4,925
Sunny Optical Technology (Group) Co. Ltd. Futures Full Rate
(per lot)
5,147 4,117
Spread Rate
(/lot/side)
1,556 1,244
Swire Pacific Ltd. A Futures Full Rate
(per lot)
3,484 2,787
Spread Rate
(/lot/side)
1,045 836
Tencent Holdings Ltd. Futures Full Rate
(per lot)
5,958 4,766
Spread Rate
(/lot/side)
1,795 1,436
Tracker Fund of Hong Kong Futures Full Rate
(per lot)
88,897 71,117
Spread Rate
(/lot/side)
26,679 21,343
Trip.com Group Limited Futures Full Rate
(per lot)
9,389 7,511
Spread Rate
(/lot/side)
2,819 2,255
China Tower Corporation Limited Futures Full Rate
(per lot)
730 584
Spread Rate
(/lot/side)
219 175
The Wharf (Holdings) Ltd. Futures Full Rate
(per lot)
2,314 1,851
Spread Rate
(/lot/side)
694 555
WuXi Biologics (Cayman) Inc. Futures Full Rate
(per lot)
2,580 2,064
Spread Rate
(/lot/side)
774 619
Yankuang Energy Group Company Limited Futures Full Rate
(per lot)
3,870 3,096
Spread Rate
(/lot/side)
1,161 928
ZhongAn Online P & C Insurance Company Limited Futures Full Rate
(per lot)
1,822 1,457
Spread Rate
(/lot/side)
546 436
Zijin Mining Group Co., Ltd. Futures Full Rate
(per lot)
13,073 10,458
Spread Rate
(/lot/side)
3,923 3,138