The Margin of Stock Futures
Effective 2 Jun 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)
4,748 3,798
Spread Rate
(/lot/side)
1,436 1,148
AAC Technologies Holdings Ltd. Futures Full Rate
(per lot)
8,458 6,766
Spread Rate
(/lot/side)
2,540 2,032
Agricultural Bank of China Ltd.Futures Full Rate
(per lot)
3,551 2,840
Spread Rate
(/lot/side)
1,065 852
Anhui Conch Cement Co. Ltd. Futures Full Rate
(per lot)
972 777
Spread Rate
(/lot/side)
292 233
AIA Group Limited Futures Full Rate
(per lot)
6,756 5,404
Spread Rate
(/lot/side)
2,034 1,627
Alibaba Group Holding Ltd. Futures Full Rate
(per lot)
9,695 7,756
Spread Rate
(/lot/side)
2,912 2,329
Aluminum Corporation of China Ltd. Futures Full Rate
(per lot)
1,324 1,059
Spread Rate
(/lot/side)
397 317
Alibaba Health Information Technology Ltd. Futures Full Rate
(per lot)
1,808 1,446
Spread Rate
(/lot/side)
542 433
China AMC CSI 300 Index ETF Futures Full Rate
(per lot)
5,812 4,649
Spread Rate
(/lot/side)
1,755 1,404
Bank of China Ltd. Futures Full Rate
(per lot)
351 280
Spread Rate
(/lot/side)
106 84
Bank of Communications Co., Ltd. Futures Full Rate
(per lot)
472 377
Spread Rate
(/lot/side)
142 113
The Bank of East Asia, Ltd. Futures Full Rate
(per lot)
174 139
Spread Rate
(/lot/side)
53 42
Baidu, Inc. Futures Full Rate
(per lot)
1,808 1,446
Spread Rate
(/lot/side)
542 433
Bilibili Inc. Futures Full Rate
(per lot)
1,556 1,244
Spread Rate
(/lot/side)
466 372
BOC Hong Kong (Holdings) Ltd Futures Full Rate
(per lot)
1,147 917
Spread Rate
(/lot/side)
344 275
Budweiser Brewing Company APAC Limited Futures Full Rate
(per lot)
915 732
Spread Rate
(/lot/side)
275 220
BYD Company Limited Futures Full Rate
(per lot)
32,452 25,961
Spread Rate
(/lot/side)
9,735 7,788
BYD Electronic International Company Limited Futures Full Rate
(per lot)
8,565 6,852
Spread Rate
(/lot/side)
2,580 2,064
China Construction Bank Corporation Futures Full Rate
(per lot)
509 407
Spread Rate
(/lot/side)
152 121
China Communications Construction Company Limited Futures  Full Rate
(per lot)
360 288
Spread Rate
(/lot/side)
109 87
China Coal Energy Co. Ltd. Futures Full Rate
(per lot)
795 636
Spread Rate
(/lot/side)
239 191
China Cinda Asset Management Co., Ltd. Futures Full Rate
(per lot)
714 571
Spread Rate
(/lot/side)
215 172
CGN Power Co., Ltd. Futures Full Rate
(per lot)
1,702 1,361
Spread Rate
(/lot/side)
510 408
China Mobile Ltd. Futures Full Rate
(per lot)
2,886 2,308
Spread Rate
(/lot/side)
865 692
China Unicom (Hong Kong) Limited Futures
Full Rate
(per lot)
2,247 1,797
Spread Rate
(/lot/side)
674 539
CITIC Ltd .Futures Full Rate
(per lot)
872 697
Spread Rate
(/lot/side)
262 209
CK Hutchison Holdings Ltd. Futures Full Rate
(per lot)
2,234 1,787
Spread Rate
(/lot/side)
670 536
China Life Insurance Company Ltd. Futures Full Rate
(per lot)
1,941 1,552
Spread Rate
(/lot/side)
582 465
CLP Holdings Ltd. Futures Full Rate
(per lot)
2,221 1,776
Spread Rate
(/lot/side)
666 532
China Merchants Bank Co., Ltd. Futures Full Rate
(per lot)
2,221 1,776
Spread Rate
(/lot/side)
666 532
CNOOC Ltd. Futures  Full Rate
(per lot)
1,755 1,404
Spread Rate
(/lot/side)
526 420
Country Garden Holdings Co. Ltd Futures Full Rate
(per lot)
489 391
Spread Rate
(/lot/side)
147 117
China Overseas Land & Investment Ltd. Futures Full Rate
(per lot)
2,367 1,893
Spread Rate
(/lot/side)
710 569
COSCO Shipping Holdings Co., Ltd. Futures Full Rate
(per lot)
4,375 3,500
Spread Rate
(/lot/side)
1,312 1,049
China Petroleum & Chemical Corporation Futures Full Rate
(per lot)
538 430
Spread Rate
(/lot/side)
162 129
China Pacific Insurance (Group) Co., Ltd. Futures Full Rate
(per lot)
3,338 2,670
Spread Rate
(/lot/side)
1,001 800
CSOP FTSE China A50 ETF Futures Full Rate
(per lot)
4,588 3,670
Spread Rate
(/lot/side)
1,383 1,106
China Shenhua Energy Co. Ltd.Futures Full Rate
(per lot)
1,243 994
Spread Rate
(/lot/side)
373 298
China CITIC Bank Corporation Ltd. Futures  Full Rate
(per lot)
9,283 7,426
Spread Rate
(/lot/side)
2,793 2,234
China Telecom Corporation Ltd. Futures Full Rate
(per lot)
1,093 874
Spread Rate
(/lot/side)
328 262
CITIC Securities Co. Ltd. Futures Full Rate
(per lot)
2,673 2,138
Spread Rate
(/lot/side)
801 640
Guangzhou Automobile Group Co., Ltd. Futures Full Rate
(per lot)
1,298 1,038
Spread Rate
(/lot/side)
389 311
Geely Automobile Holdings Ltd. Futures Full Rate
(per lot)
14,616 11,692
Spread Rate
(/lot/side)
4,389 3,511
Xinyi Glass Holdings Limited Futures Full Rate
(per lot)
1,343 1,074
Spread Rate
(/lot/side)
402 321
Ganfeng Lithium Group Co., Ltd. Futures Full Rate
(per lot)
704 563
Spread Rate
(/lot/side)
211 168
Galaxy Entertainment Group Ltd. Futures Full Rate
(per lot)
3,112 2,489
Spread Rate
(/lot/side)
933 746
Great Wall Motor Co. Ltd. Futures  Full Rate
(per lot)
18,925 15,140
Spread Rate
(/lot/side)
5,679 4,543
Guotai Haitong Securities Co. Ltd. Futures  Full Rate
(per lot)
12,342 9,873
Spread Rate
(/lot/side)
3,710 2,968
Hang Seng China Enterprises Index ETF Futures Full Rate
(per lot)
41,868 33,494
Spread Rate
(/lot/side)
12,568 10,054
Haidilao International Holding Limited Futures
Full Rate
(per lot)
2,034 1,627
Spread Rate
(/lot/side)
610 488
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)
4,069 3,255
Spread Rate
(/lot/side)
1,220 976
HSBC Holdings Plc. Futures
(HKB Multiplier = 400)
Full Rate
(per lot)
3,511 2,808
Spread Rate
(/lot/side)
1,053 842
The Hong Kong and China Gas Co. Ltd. Futures Full Rate
(per lot)
464 371
Spread Rate
(/lot/side)
139 111
Henderson Land Development Co. Ltd. Futures Full Rate
(per lot)
1,808 1,446
Spread Rate
(/lot/side)
542 433
Huaneng Power International, Inc. Futures Full Rate
(per lot)
646 516
Spread Rate
(/lot/side)
194 155
Hang Seng Bank Ltd. Futures Full Rate
(per lot)
735 588
Spread Rate
(/lot/side)
220 176
Industrial and Commercial Bank of China Limited Futures Full Rate
(per lot)
379 303
Spread Rate
(/lot/side)
114 91
JD.com, Inc. Futures Full Rate
(per lot)
11,597 9,277
Spread Rate
(/lot/side)
3,484 2,787
JD Health International Inc. Futures Full Rate
(per lot)
2,766 2,212
Spread Rate
(/lot/side)
829 663
Kingdee International Software Group Co., Ltd. Futures Full Rate
(per lot)
5,213 4,170
Spread Rate
(/lot/side)
1,569 1,255
Kingsoft Corporation Ltd. Futures Full Rate
(per lot)
4,721 3,776
Spread Rate
(/lot/side)
1,423 1,138
Kuaishou Technology Futures Full Rate
(per lot)
4,508 3,606
Spread Rate
(/lot/side)
1,356 1,084
Li Auto Inc. Futures Full Rate
(per lot)
3,617 2,893
Spread Rate
(/lot/side)
1,085 868
Li Ning Company Limited Futures Full Rate
(per lot)
905 724
Spread Rate
(/lot/side)
272 217
Link Real Estate Investment Trust Futures
Full Rate
(per lot)
3,059 2,447
Spread Rate
(/lot/side)
917 733
Meituan Futures Full Rate
(per lot)
11,358 9,086
Spread Rate
(/lot/side)
3,418 2,734
XiaoMi Corporation Futures Full Rate
(per lot)
8,778 7,022
Spread Rate
(/lot/side)
2,633 2,106
China Molybdenum Co., Ltd. Futures Full Rate
(per lot)
9,615 7,692
Spread Rate
(/lot/side)
2,886 2,308
China Minsheng Banking Corp., Ltd. Futures Full Rate
(per lot)
2,872 2,297
Spread Rate
(/lot/side)
861 688
MTR Corporation Ltd. Futures Full Rate
(per lot)
877 701
Spread Rate
(/lot/side)
263 210
New China Life Insurance Co. Ltd. Futures Full Rate
(per lot)
4,428 3,542
Spread Rate
(/lot/side)
1,328 1,062
Nongfu Spring Company Limited Futures Full Rate
(per lot)
3,910 3,128
Spread Rate
(/lot/side)
1,173 938
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)
706 564
Spread Rate
(/lot/side)
212 169
Ping An Insurance (Group) Co. of China, Ltd. Futures Full Rate
(per lot)
2,433 1,946
Spread Rate
(/lot/side)
730 584
PetroChina Co. Ltd. Futures Full Rate
(per lot)
1,268 1,014
Spread Rate
(/lot/side)
381 304
XPeng Inc. Futures Full Rate
(per lot)
3,298 2,638
Spread Rate
(/lot/side)
989 791
Ping An Healthcare and Technology Ltd. Futures Full Rate
(per lot)
476 380
Spread Rate
(/lot/side)
143 114
Ping An Healthcare and Technology Ltd. (Capital Adjusted) Full Rate
(per lot)
1,337 1,069
Spread Rate
(/lot/side)
402 321
PICC Property and Casualty Company Limited Futures Full Rate
(per lot)
2,992 2,393
Spread Rate
(/lot/side)
897 717
Sands China Ltd. Futures Full Rate
(per lot)
714 571
Spread Rate
(/lot/side)
215 172
Sun Hung Kai Properties Ltd. Futures Full Rate
(per lot)
5,426 4,340
Spread Rate
(/lot/side)
1,635 1,308
Xinyi Solar Holdings Ltd. Futures  Full Rate
(per lot)
885 708
Spread Rate
(/lot/side)
266 212
Semiconductor Manufacturing International Corporation Futures  Full Rate
(per lot)
19,285 15,428
Spread Rate
(/lot/side)
5,785 4,628
Sunny Optical Technology (Group) Co. Ltd. Futures  Full Rate
(per lot)
14,536 11,628
Spread Rate
(/lot/side)
4,362 3,489
Sunac China Holdings Ltd. Futures Full Rate
(per lot)
591 472
Spread Rate
(/lot/side)
178 142
Swire Pacific Ltd. "A" Futures
Full Rate
(per lot)
2,287 1,829
Spread Rate
(/lot/side)
686 548
Tencent Holdings Ltd. Futures
Full Rate
(per lot)
5,333 4,266
Spread Rate
(/lot/side)
1,609 1,287
Tracker Fund of Hong Kong Futures Full Rate
(per lot)
105,296 84,236
Spread Rate
(/lot/side)
31,600 25,280
Trip.com Group Limited Futures Full Rate
(per lot)
9,868 7,894
Spread Rate
(/lot/side)
2,965 2,372
China Tower Corporation Limited Futures Full Rate
(per lot)
809 647
Spread Rate
(/lot/side)
243 194
China Tower Corporation Limited (Capital Adjusted) Full Rate
(per lot)
809 647
Spread Rate
(/lot/side)
243 194
Weibo Corporation Futures

Full Rate
(per lot)
924 739
Spread Rate
(/lot/side)
277 221
The Wharf (Holdings) Ltd. Futures Full Rate
(per lot)
1,702 1,361
Spread Rate
(/lot/side)
510 408
WuXi Biologics (Cayman) Inc. Futures Full Rate
(per lot)
2,367 1,893
Spread Rate
(/lot/side)
710 568
Yankuang Energy Group Company Limited Futures
Full Rate
(per lot)
1,556 1,244
Spread Rate
(/lot/side)
466 372
ZhongAn Online P & C Insurance Company Limited Futures Full Rate
(per lot)
1,862 1,489
Spread Rate
(/lot/side)
558 446
Zijin Mining Group Co., Ltd. Futures Full Rate
(per lot)
4,655 3,724
Spread Rate
(/lot/side)
1,396 1,116