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Lunar New Year Holidays Eve Arrangements
Source: Time:17-01-24 Author:

Summary:

Dear Customers,

 

According to the HKEx, Lunar New Year Holidays Eve (27 January 2017) is half-day trading days. Hong Kong Securities Clearing Company Limited likewise prescribes dates as Non-Settlement Days for Exchange Trades and Non-Exchange Trades (i.e. Settlement Instruction and Investor Settlement Instruction). Please see below for the arrangements accordingly.

 

1.          Securities Settlement Arrangement

 

Please see below table for Trade Dates and respective Settlement Dates during the period:

 

Trade Date

Settlement Date

25-01-2017

01-02-2017

26-01-2017

02-02-2017

27-01-2017

02-02-2017

 

2.          Shanghai and Shenzhen Connect

 

Shanghai and Shenzhen Connect Northbound Trading will not open from 27th January 2017 to 2nd February 2017

 

3.          Fund Deposits and Withdrawals

Cut-off times on half-day trading days for fund deposits and withdrawals:

 

Trade Dates

Fund Deposit Cut-off Time

Fund Withdrawal Cut-off Time

27-01-2017

12:00 P.M.

11:00 A.M.

 

4.          Trading Hours for Futures and Options Products

There will be no T+1 session on 27 January 2017. Closing time of Stock Index Futures and Options, Dividend Futures, HSI Volatility Index Futures, BRICS Futures, RMB Currency Futures and London Metal Mini Futures for half-day trading will be 12:30p.m. Closing time of Stock Futures and HIBOR Futures for half-day trading will be 12:00 noon.

 

5.          Margin Requirements

The margin levels of Hang Seng Index (“HSI”), Mini-Hang Seng Index (“MHI”), H-Shares Index (“HHI”), Mini-H-Shares Index (“MCH”), HSCEI Dividend Point Index (“DHH”) and USD/CNH Futures (“CUS”) futures contracts will be increased temporarily after the close of business of T session on 4 February 2016 as follows:

       

Contract

 

Initial Margin

Maintenance Margin

   

HKD

HKD

HSI

Current Level

68,250 per lot

54,600 per lot

 

Temporarily Increased Level

71,650 per lot

57,350 per lot

MHI

Current Level

13,650 per lot

10,920 per lot

 

Temporarily Increased Level

14,330 per lot

11,470 per lot

HHI

Current Level

29,250 per lot

23,400 per lot

 

Temporarily Increased Level

30,450 per lot

24,350 per lot

MCH

Current Level

5,850 per lot

4,680 per lot

 

Temporarily Increased Level

6,090 per lot

4,870 per lot

DHH

Current Level

1,650 per lot

1,320 per lot

 

Temporarily Increased Level

1,660 per lot

1,330 per lot

       

Contract

 

Initial Margin

Maintenance Margin

   

CNY

CNT

CUS

Current Level

17,810 per lot

14,250 per lot

 

Temporarily Increased Level

17,830 per lot

14,260 per lot

       

Contract

 

Initial Margin

Maintenance Margin

   

USD

USD

UCN

Current Level

1,040 per lot

825 per lot

 

Temporarily Increased Level

1,054 per lot

843 per lot

 

The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI, HHI, MCH, DHH, CUS and UCN futures contracts will be restored to the current levels after the close of business on 27 January 2017.

 

Should you have any enquiries, please contact your Account Executive or call our Customer Service Hotline at 3698 6750.

 

Kung Hei Fat Choy!

 

China Galaxy International Securities (Hong Kong) Co., Limited

China Galaxy International Futures (Hong Kong) Co., Limited

4 February 2016

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