The Margin of Stock Futures
Effective 1 Jun 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)
5,665 4,532
Spread Rate
(/lot/side)
1,702 1,361
AAC Technologies Holdings Inc. Futures Full Rate
(per lot)
6,290 5,032
Spread Rate
(/lot/side)
1,888 1,510
Agricultural Bank of China Ltd. Futures Full Rate
(per lot)
3,910 3,128
Spread Rate
(/lot/side)
1,173 938
Anhui Conch Cement Co. Ltd. Futures Full Rate
(per lot)
920 736
Spread Rate
(/lot/side)
276 220
AIA Group Limited Futures Full Rate
(per lot)
7,195 5,756
Spread Rate
(/lot/side)
2,167 1,733
Alibaba Group Holding Ltd. Futures Full Rate
(per lot)
8,432 6,745
Spread Rate
(/lot/side)
2,540 2,032
Aluminum Corporation of China Ltd. Futures Full Rate
(per lot)
3,630 2,904
Spread Rate
(/lot/side)
1,089 871
Alibaba Health Information Technology Ltd. Futures Full Rate
(per lot)
1,542 1,233
Spread Rate
(/lot/side)
462 369
China AMC CSI 300 Index ETF Futures Full Rate
(per lot)
7,581 6,064
Spread Rate
(/lot/side)
2,274 1,819
Bank of China Ltd. Futures Full Rate
(per lot)
348 278
Spread Rate
(/lot/side)
105 84
Bank of Communications Co., Ltd. Futures Full Rate
(per lot)
480 384
Spread Rate
(/lot/side)
144 115
The Bank of East Asia, Ltd. Futures Full Rate
(per lot)
187 149
Spread Rate
(/lot/side)
57 45
Baidu, Inc. Futures Full Rate
(per lot)
2,580 2,064
Spread Rate
(/lot/side)
774 619
Bilibili Inc. Futures Full Rate
(per lot)
1,755 1,404
Spread Rate
(/lot/side)
526 420
BOC Hong Kong (Holdings) Ltd. Futures Full Rate
(per lot)
1,582 1,265
Spread Rate
(/lot/side)
474 379
Budweiser Brewing Company APAC Limited Futures Full Rate
(per lot)
508 406
Spread Rate
(/lot/side)
152 121
BYD Company Limited Futures Full Rate
(per lot)
6,078 4,862
Spread Rate
(/lot/side)
1,835 1,468
BYD Electronic International Company Limited Futures Full Rate
(per lot)
3,019 2,415
Spread Rate
(/lot/side)
905 724
China Construction Bank Corporation Futures Full Rate
(per lot)
579 463
Spread Rate
(/lot/side)
174 139
China Communications Construction Company Limited Futures Full Rate
(per lot)
385 308
Spread Rate
(/lot/side)
115 92
China Coal Energy Co. Ltd. Futures Full Rate
(per lot)
1,582 1,265
Spread Rate
(/lot/side)
474 379
China Cinda Asset Management Co., Ltd. Futures Full Rate
(per lot)
433 346
Spread Rate
(/lot/side)
130 104
CGN Power Co., Ltd. Futures Full Rate
(per lot)
2,726 2,180
Spread Rate
(/lot/side)
817 653
China Mobile Ltd. Futures Full Rate
(per lot)
2,859 2,287
Spread Rate
(/lot/side)
857 685
China Unicom (Hong Kong) Limited Futures Full Rate
(per lot)
1,312 1,049
Spread Rate
(/lot/side)
395 316
CITIC Ltd. Futures Full Rate
(per lot)
1,002 801
Spread Rate
(/lot/side)
301 240
CK Hutchison Holdings Ltd. Futures Full Rate
(per lot)
2,566 2,052
Spread Rate
(/lot/side)
770 616
China Life Insurance Company Ltd. Futures Full Rate
(per lot)
3,032 2,425
Spread Rate
(/lot/side)
909 727
CLP Holdings Ltd. Futures Full Rate
(per lot)
2,527 2,021
Spread Rate
(/lot/side)
758 606
China Merchants Bank Co., Ltd. Futures Full Rate
(per lot)
1,542 1,233
Spread Rate
(/lot/side)
462 369
CNOOC Ltd. Futures Full Rate
(per lot)
2,593 2,074
Spread Rate
(/lot/side)
778 622
China Overseas Land & Investment Ltd. Futures Full Rate
(per lot)
3,205 2,564
Spread Rate
(/lot/side)
961 768
COSCO Shipping Holdings Co., Ltd. Futures Full Rate
(per lot)
3,165 2,532
Spread Rate
(/lot/side)
949 759
China Petroleum & Chemical Corporation Futures Full Rate
(per lot)
629 503
Spread Rate
(/lot/side)
188 150
China Pacific Insurance (Group) Co., Ltd. Futures Full Rate
(per lot)
2,832 2,265
Spread Rate
(/lot/side)
849 679
CSOP FTSE China A50 ETF Futures Full Rate
(per lot)
5,226 4,180
Spread Rate
(/lot/side)
1,569 1,255
China Shenhua Energy Co. Ltd. Futures Full Rate
(per lot)
1,715 1,372
Spread Rate
(/lot/side)
514 411
China CITIC Bank Corporation Ltd. Futures Full Rate
(per lot)
10,294 8,235
Spread Rate
(/lot/side)
3,098 2,478
China Telecom Corporation Ltd. Futures Full Rate
(per lot)
940 752
Spread Rate
(/lot/side)
283 226
CITIC Securities Co. Ltd. Futures Full Rate
(per lot)
3,577 2,861
Spread Rate
(/lot/side)
1,073 858
Guangzhou Automobile Group Co., Ltd. Futures Full Rate
(per lot)
1,082 865
Spread Rate
(/lot/side)
325 260
Geely Automobile Holdings Ltd. Futures Full Rate
(per lot)
13,379 10,703
Spread Rate
(/lot/side)
4,016 3,212
Xinyi Glass Holdings Limited Futures Full Rate
(per lot)
2,593 2,074
Spread Rate
(/lot/side)
778 622
Ganfeng Lithium Group Co., Ltd Futures Full Rate
(per lot)
2,766 2,212
Spread Rate
(/lot/side)
829 663
Galaxy Entertainment Group Ltd. Futures Full Rate
(per lot)
2,872 2,297
Spread Rate
(/lot/side)
861 688
Great Wall Motor Co. Ltd. Futures Full Rate
(per lot)
12,262 9,809
Spread Rate
(/lot/side)
3,684 2,947
Hang Seng China Enterprises Index ETF Futures Full Rate
(per lot)
28,967 23,173
Spread Rate
(/lot/side)
8,698 6,958
Haidilao International Holding Limited Futures Full Rate
(per lot)
1,822 1,457
Spread Rate
(/lot/side)
546 436
Power Assets Holdings Limited Futures Full Rate
(per lot)
2,088 1,670
Spread Rate
(/lot/side)
626 500
Hong Kong Exchanges and Clearing Ltd. Futures Full Rate
(per lot)
3,591 2,872
Spread Rate
(/lot/side)
1,077 861
HSBC Holdings Plc. Futures Full Rate
(per lot)
4,867 3,893
Spread Rate
(/lot/side)
1,463 1,170
The Hong Kong and China Gas Co. Ltd. Futures Full Rate
(per lot)
482 385
Spread Rate
(/lot/side)
144 115
Henderson Land Development Co. Ltd. Futures Full Rate
(per lot)
2,686 2,148
Spread Rate
(/lot/side)
805 644
Huaneng Power International, Inc. Futures Full Rate
(per lot)
1,111 888
Spread Rate
(/lot/side)
333 266
Industrial and Commercial Bank of China Limited Futures Full Rate
(per lot)
452 361
Spread Rate
(/lot/side)
135 108
JD.com, Inc. Futures Full Rate
(per lot)
8,232 6,585
Spread Rate
(/lot/side)
2,473 1,978
JD Health International Inc. Futures Full Rate
(per lot)
3,604 2,883
Spread Rate
(/lot/side)
1,081 864
Kingdee International Software Group Co., Ltd. Futures Full Rate
(per lot)
2,912 2,329
Spread Rate
(/lot/side)
873 698
Kingsoft Corporation Ltd. Futures Full Rate
(per lot)
2,872 2,297
Spread Rate
(/lot/side)
861 688
Kuaishou Technology Futures Full Rate
(per lot)
4,043 3,234
Spread Rate
(/lot/side)
1,212 969
Li Auto Inc. Futures Full Rate
(per lot)
2,473 1,978
Spread Rate
(/lot/side)
742 593
Li Ning Company Limited Futures Full Rate
(per lot)
974 779
Spread Rate
(/lot/side)
292 233
Link Real Estate Investment Trust Futures Full Rate
(per lot)
2,739 2,191
Spread Rate
(/lot/side)
821 656
Meituan Futures Full Rate
(per lot)
4,867 3,893
Spread Rate
(/lot/side)
1,463 1,170
XiaoMi Corporation Futures Full Rate
(per lot)
3,444 2,755
Spread Rate
(/lot/side)
1,033 826
China Molybdenum Co., Ltd. Futures Full Rate
(per lot)
24,977 19,981
Spread Rate
(/lot/side)
7,501 6,000
China Minsheng Banking Corp., Ltd. Futures Full Rate
(per lot)
2,633 2,106
Spread Rate
(/lot/side)
790 632
MTR Corporation Ltd. Futures Full Rate
(per lot)
1,097 877
Spread Rate
(/lot/side)
329 263
New China Life Insurance Co. Ltd. Futures Full Rate
(per lot)
5,758 4,606
Spread Rate
(/lot/side)
1,729 1,383
Nongfu Spring Company Limited Futures Full Rate
(per lot)
4,176 3,340
Spread Rate
(/lot/side)
1,252 1,001
NetEase, Inc Futures Full Rate
(per lot)
8,418 6,734
Spread Rate
(/lot/side)
2,527 2,021
New World Development Co. Ltd. Futures Full Rate
(per lot)
1,266 1,012
Spread Rate
(/lot/side)
380 304
Ping An Insurance (Group) Co. of China, Ltd. Futures Full Rate
(per lot)
2,660 2,128
Spread Rate
(/lot/side)
798 638
PetroChina Co. Ltd. Futures Full Rate
(per lot)
2,274 1,819
Spread Rate
(/lot/side)
682 545
XPeng Inc. Futures Full Rate
(per lot)
1,928 1,542
Spread Rate
(/lot/side)
578 462
Ping An Healthcare and Technology Ltd. Futures Full Rate
(per lot)
764 611
Spread Rate
(/lot/side)
230 184
PICC Property and Casualty Company Limited Futures Full Rate
(per lot)
2,527 2,021
Spread Rate
(/lot/side)
758 606
Sands China Ltd. Futures Full Rate
(per lot)
486 388
Spread Rate
(/lot/side)
146 116
Sun Hung Kai Properties Ltd. Futures Full Rate
(per lot)
13,778 11,022
Spread Rate
(/lot/side)
4,136 3,308
Xinyi Solar Holdings Ltd. Futures Full Rate
(per lot)
823 658
Spread Rate
(/lot/side)
247 197
Semiconductor Manufacturing International Corporation Futures Full Rate
(per lot)
30,018 24,014
Spread Rate
(/lot/side)
9,017 7,213
Sunny Optical Technology (Group) Co. Ltd. Futures Full Rate
(per lot)
8,751 7,000
Spread Rate
(/lot/side)
2,633 2,106
Swire Pacific Ltd. A Futures Full Rate
(per lot)
2,832 2,265
Spread Rate
(/lot/side)
849 679
Tencent Holdings Ltd. Futures Full Rate
(per lot)
4,734 3,787
Spread Rate
(/lot/side)
1,423 1,138
Tracker Fund of Hong Kong Futures Full Rate
(per lot)
85,292 68,233
Spread Rate
(/lot/side)
25,589 20,471
Trip.com Group Limited Futures Full Rate
(per lot)
6,277 5,021
Spread Rate
(/lot/side)
1,888 1,510
China Tower Corporation Limited Futures Full Rate
(per lot)
1,000 800
Spread Rate
(/lot/side)
300 240
The Wharf (Holdings) Ltd. Futures Full Rate
(per lot)
3,857 3,085
Spread Rate
(/lot/side)
1,157 925
WuXi Biologics (Cayman) Inc. Futures Full Rate
(per lot)
2,793 2,234
Spread Rate
(/lot/side)
837 669
Yankuang Energy Group Company Limited Futures Full Rate
(per lot)
3,750 3,000
Spread Rate
(/lot/side)
1,125 900
ZhongAn Online P & C Insurance Company Limited Futures Full Rate
(per lot)
1,489 1,191
Spread Rate
(/lot/side)
446 356
Zijin Mining Group Co., Ltd. Futures Full Rate
(per lot)
9,868 7,894
Spread Rate
(/lot/side)
2,965 2,372