The Margin of Stock Futures
Effective 2 May 2025
*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)
6,131 4,904
Spread Rate
(/lot/side)
1,848 1,478
AAC Technologies Holdings Ltd. Futures Full Rate
(per lot)
10,320 8,256
Spread Rate
(/lot/side)
3,098 2,478
Agricultural Bank of China Ltd.Futures Full Rate
(per lot)
4,482 3,585
Spread Rate
(/lot/side)
1,356 1,084
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)
7,315 5,852
Spread Rate
(/lot/side)
2,194 1,755
Alibaba Group Holding Ltd. Futures Full Rate
(per lot)
11,983 9,586
Spread Rate
(/lot/side)
3,604 2,883
Aluminum Corporation of China Ltd. Futures Full Rate
(per lot)
1,689 1,351
Spread Rate
(/lot/side)
506 404
Alibaba Health Information Technology Ltd. Futures Full Rate
(per lot)
2,114 1,691
Spread Rate
(/lot/side)
634 507
China AMC CSI 300 Index ETF Futures Full Rate
(per lot)
7,700 6,160
Spread Rate
(/lot/side)
2,314 1,851
Bank of China Ltd. Futures Full Rate
(per lot)
462 369
Spread Rate
(/lot/side)
139 111
Bank of Communications Co., Ltd. Futures Full Rate
(per lot)
517 413
Spread Rate
(/lot/side)
155 124
The Bank of East Asia, Ltd. Futures Full Rate
(per lot)
236 188
Spread Rate
(/lot/side)
71 56
Baidu, Inc. Futures Full Rate
(per lot)
2,247 1,797
Spread Rate
(/lot/side)
674 539
Bilibili Inc. Futures Full Rate
(per lot)
1,995 1,596
Spread Rate
(/lot/side)
598 478
BOC Hong Kong (Holdings) Ltd Futures Full Rate
(per lot)
1,369 1,095
Spread Rate
(/lot/side)
410 328
Budweiser Brewing Company APAC Limited Futures Full Rate
(per lot)
1,087 869
Spread Rate
(/lot/side)
327 261
BYD Company Limited Futures Full Rate
(per lot)
36,375 29,100
Spread Rate
(/lot/side)
10,919 8,735
BYD Electronic International Company Limited Futures Full Rate
(per lot)
10,360 8,288
Spread Rate
(/lot/side)
3,112 2,489
China Construction Bank Corporation Futures Full Rate
(per lot)
642 513
Spread Rate
(/lot/side)
192 153
China Communications Construction Company Limited Futures  Full Rate
(per lot)
526 420
Spread Rate
(/lot/side)
158 126
China Coal Energy Co. Ltd. Futures Full Rate
(per lot)
891 712
Spread Rate
(/lot/side)
267 213
China Cinda Asset Management Co., Ltd. Futures Full Rate
(per lot)
1,001 800
Spread Rate
(/lot/side)
300 240
CGN Power Co., Ltd. Futures Full Rate
(per lot)
1,968 1,574
Spread Rate
(/lot/side)
590 472
China Mobile Ltd. Futures Full Rate
(per lot)
2,713 2,170
Spread Rate
(/lot/side)
813 650
China Unicom (Hong Kong) Limited Futures
Full Rate
(per lot)
2,806 2,244
Spread Rate
(/lot/side)
841 672
CITIC Ltd .Futures Full Rate
(per lot)
1,134 907
Spread Rate
(/lot/side)
340 272
CK Hutchison Holdings Ltd. Futures Full Rate
(per lot)
3,192 2,553
Spread Rate
(/lot/side)
957 765
China Life Insurance Company Ltd. Futures Full Rate
(per lot)
2,380 1,904
Spread Rate
(/lot/side)
714 571
CLP Holdings Ltd. Futures Full Rate
(per lot)
2,181 1,744
Spread Rate
(/lot/side)
654 523
China Merchants Bank Co., Ltd. Futures Full Rate
(per lot)
2,433 1,946
Spread Rate
(/lot/side)
730 584
CNOOC Ltd. Futures  Full Rate
(per lot)
2,420 1,936
Spread Rate
(/lot/side)
726 580
Country Garden Holdings Co. Ltd Futures Full Rate
(per lot)
543 434
Spread Rate
(/lot/side)
163 130
China Overseas Land & Investment Ltd. Futures Full Rate
(per lot)
3,072 2,457
Spread Rate
(/lot/side)
921 736
COSCO Shipping Holdings Co., Ltd. Futures Full Rate
(per lot)
4,482 3,585
Spread Rate
(/lot/side)
1,356 1,084
China Petroleum & Chemical Corporation Futures Full Rate
(per lot)
618 494
Spread Rate
(/lot/side)
186 148
China Pacific Insurance (Group) Co., Ltd. Futures Full Rate
(per lot)
4,269 3,415
Spread Rate
(/lot/side)
1,280 1,024
CSOP FTSE China A50 ETF Futures Full Rate
(per lot)
5,905 4,724
Spread Rate
(/lot/side)
1,782 1,425
China Shenhua Energy Co. Ltd.Futures Full Rate
(per lot)
1,330 1,064
Spread Rate
(/lot/side)
399 319
China CITIC Bank Corporation Ltd. Futures  Full Rate
(per lot)
11,318 9,054
Spread Rate
(/lot/side)
3,404 2,723
China Telecom Corporation Ltd. Futures Full Rate
(per lot)
1,556 1,244
Spread Rate
(/lot/side)
466 372
CITIC Securities Co. Ltd. Futures Full Rate
(per lot)
3,431 2,744
Spread Rate
(/lot/side)
1,029 823
Guangzhou Automobile Group Co., Ltd. Futures Full Rate
(per lot)
1,835 1,468
Spread Rate
(/lot/side)
550 440
China Evergrande Group. Future Full Rate
(per lot)
168 134
Spread Rate
(/lot/side)
51 40
Geely Automobile Holdings Ltd. Futures Full Rate
(per lot)
18,247 14,597
Spread Rate
(/lot/side)
5,479 4,383
Xinyi Glass Holdings Limited Futures Full Rate
(per lot)
1,862 1,489
Spread Rate
(/lot/side)
558 446
Ganfeng Lithium Group Co., Ltd. Futures Full Rate
(per lot)
679 543
Spread Rate
(/lot/side)
204 163
Galaxy Entertainment Group Ltd. Futures Full Rate
(per lot)
4,069 3,255
Spread Rate
(/lot/side)
1,220 976
Great Wall Motor Co. Ltd. Futures  Full Rate
(per lot)
25,349 20,279
Spread Rate
(/lot/side)
7,607 6,085
Guotai Junan Securities Co. Ltd. Futures  Full Rate
(per lot)
16,891 13,512
Spread Rate
(/lot/side)
5,067 4,053
Hang Seng China Enterprises Index ETF Futures Full Rate
(per lot)
55,793 44,634
Spread Rate
(/lot/side)
16,744 13,395
Haidilao International Holding Limited Futures
Full Rate
(per lot)
2,673 2,138
Spread Rate
(/lot/side)
801 640
Power Assets Holdings Limited Futures Full Rate
(per lot)
1,675 1,340
Spread Rate
(/lot/side)
502 401
Hong Kong Exchanges and Clearing Ltd. Futures Full Rate
(per lot)
5,000 4,000
Spread Rate
(/lot/side)
1,502 1,201
HSBC Holdings Plc. Futures
(HKB Multiplier = 400)
Full Rate
(per lot)
4,748 3,798
Spread Rate
(/lot/side)
1,436 1,148
The Hong Kong and China Gas Co. Ltd. Futures Full Rate
(per lot)
466 372
Spread Rate
(/lot/side)
140 112
Henderson Land Development Co. Ltd. Futures Full Rate
(per lot)
1,782 1,425
Spread Rate
(/lot/side)
534 427
Huaneng Power International, Inc. Futures Full Rate
(per lot)
754 603
Spread Rate
(/lot/side)
227 181
Hang Seng Bank Ltd. Futures Full Rate
(per lot)
880 704
Spread Rate
(/lot/side)
264 211
Industrial and Commercial Bank of China Limited Futures Full Rate
(per lot)
436 348
Spread Rate
(/lot/side)
131 104
JD.com, Inc. Futures Full Rate
(per lot)
15,095 12,076
Spread Rate
(/lot/side)
4,535 3,628
JD Health International Inc. Futures Full Rate
(per lot)
3,391 2,712
Spread Rate
(/lot/side)
1,017 813
Kingdee International Software Group Co., Ltd. Futures Full Rate
(per lot)
6,836 5,468
Spread Rate
(/lot/side)
2,061 1,648
Kingsoft Corporation Ltd. Futures Full Rate
(per lot)
4,907 3,925
Spread Rate
(/lot/side)
1,476 1,180
Kuaishou Technology Futures Full Rate
(per lot)
5,931 4,744
Spread Rate
(/lot/side)
1,782 1,425
Li Auto Inc. Futures Full Rate
(per lot)
4,189 3,351
Spread Rate
(/lot/side)
1,256 1,004
Li Ning Company Limited Futures Full Rate
(per lot)
1,119 895
Spread Rate
(/lot/side)
336 268
Link Real Estate Investment Trust Futures
Full Rate
(per lot)
2,766 2,212
Spread Rate
(/lot/side)
829 663
Meituan Futures Full Rate
(per lot)
15,201 12,160
Spread Rate
(/lot/side)
4,561 3,648
XiaoMi Corporation Futures Full Rate
(per lot)
11,012 8,809
Spread Rate
(/lot/side)
3,311 2,648
China Molybdenum Co., Ltd. Futures Full Rate
(per lot)
12,515 10,012
Spread Rate
(/lot/side)
3,763 3,010
China Minsheng Banking Corp., Ltd. Futures Full Rate
(per lot)
3,577 2,861
Spread Rate
(/lot/side)
1,073 858
MTR Corporation Ltd. Futures Full Rate
(per lot)
879 703
Spread Rate
(/lot/side)
264 211
New China Life Insurance Co. Ltd. Futures Full Rate
(per lot)
5,519 4,415
Spread Rate
(/lot/side)
1,662 1,329
Nongfu Spring Company Limited Futures Full Rate
(per lot)
4,508 3,606
Spread Rate
(/lot/side)
1,356 1,084
NetEase, Inc Futures

Full Rate
(per lot)
13,978 11,182
Spread Rate
(/lot/side)
4,202 3,361
New World Development Co. Ltd. Futures
Full Rate
(per lot)
819 655
Spread Rate
(/lot/side)
246 196
Ping An Insurance (Group) Co. of China, Ltd. Futures Full Rate
(per lot)
3,098 2,478
Spread Rate
(/lot/side)
929 743
PetroChina Co. Ltd. Futures Full Rate
(per lot)
1,675 1,340
Spread Rate
(/lot/side)
502 401
XPeng Inc. Futures Full Rate
(per lot)
4,003 3,202
Spread Rate
(/lot/side)
1,200 960
Ping An Healthcare and Technology Ltd. Futures Full Rate
(per lot)
619 495
Spread Rate
(/lot/side)
186 148
Ping An Healthcare and Technology Ltd. (Capital Adjusted) Full Rate
(per lot)
1,740 1,392
Spread Rate
(/lot/side)
522 417
PICC Property and Casualty Company Limited Futures Full Rate
(per lot)
3,737 2,989
Spread Rate
(/lot/side)
1,121 896
Sands China Ltd. Futures Full Rate
(per lot)
934 747
Spread Rate
(/lot/side)
280 224
Sun Hung Kai Properties Ltd. Futures Full Rate
(per lot)
5,399 4,319
Spread Rate
(/lot/side)
1,622 1,297
Xinyi Solar Holdings Ltd. Futures  Full Rate
(per lot)
1,220 976
Spread Rate
(/lot/side)
367 293
Semiconductor Manufacturing International Corporation Futures  Full Rate
(per lot)
25,669 20,535
Spread Rate
(/lot/side)
7,700 6,160
Sunny Optical Technology (Group) Co. Ltd. Futures  Full Rate
(per lot)
16,465 13,172
Spread Rate
(/lot/side)
4,947 3,957
Sunac China Holdings Ltd. Futures Full Rate
(per lot)
831 664
Spread Rate
(/lot/side)
250 200
Swire Pacific Ltd. "A" Futures
Full Rate
(per lot)
2,846 2,276
Spread Rate
(/lot/side)
853 682
Tencent Holdings Ltd. Futures
Full Rate
(per lot)
6,689 5,351
Spread Rate
(/lot/side)
2,008 1,606
Tracker Fund of Hong Kong Futures Full Rate
(per lot)
137,907 110,325
Spread Rate
(/lot/side)
41,376 33,100
Trip.com Group Limited Futures Full Rate
(per lot)
13,140 10,512
Spread Rate
(/lot/side)
3,950 3,160
China Tower Corporation Limited Futures Full Rate
(per lot)
1,021 816
Spread Rate
(/lot/side)
307 245
China Tower Corporation Limited (Capital Adjusted) Full Rate
(per lot)
1,021 816
Spread Rate
(/lot/side)
307 245
Weibo Corporation Futures

Full Rate
(per lot)
1,179 943
Spread Rate
(/lot/side)
355 284
The Wharf (Holdings) Ltd. Futures Full Rate
(per lot)
1,835 1,468
Spread Rate
(/lot/side)
550 440
WuXi Biologics (Cayman) Inc. Futures Full Rate
(per lot)
3,192 2,553
Spread Rate
(/lot/side)
957 765
Yankuang Energy Group Company Limited Futures
Full Rate
(per lot)
1,888 1,510
Spread Rate
(/lot/side)
566 452
ZhongAn Online P & C Insurance Company Limited Futures Full Rate
(per lot)
2,460 1,968
Spread Rate
(/lot/side)
738 590
Zijin Mining Group Co., Ltd. Futures Full Rate
(per lot)
5,772 4,617
Spread Rate
(/lot/side)
1,742 1,393