China Stock Index Futures

China Shanghai Shenzhen 300 Stock Index Futures, often abbreviated to "Hushen 300 Index" (Shanghai is commonly abbreviated in Chinese as Hù, and Shenzhen is abbreviated as shēn), designated by the commodity ticker symbol IF, is a stock market index futures contract traded in China Financial Futures Exchange (CFFEX). The notional value of one contract is RMB¥300 (US$1.00 = 6.83 RMB) times the value of the Shanghai Shenzhen 300 Stock Index. It is known to be the first stock index futures contract in China.

It was introduced by the CFFEX on April 16, 2010.

Contract Specifications
Exchange: China Financial Futures Exchange (CFFEX)

Type: Index Futures

Underlying: Hushen 300 Index

Currency: Renminbi (RMB)

Contract: Size 300 RMB x Index

Tick Size: 0.2

Tick Value: 60 RMB

Pre-Open 1

Trading Session 1: 09:15 – 11:30

Pre-Open 2

Trading Session 2: 13:00 – 15:15

Pre-Open T+1 : No T+1 Session

Trading Session T+1: No T+1 Session

Last Trading Day: The Third Friday of the Contract Month

Final Settlement Day: The Third Friday of the Contract Month

Final Settlement Price

Settlement Type: Cash

Contract Months: current month, next-to current month, last month of the next quarter, last month of the second next quarter

First Trading Day: April 16, 2010

Position Limit: 10000 long or short position delta limit for all contract months combined

Initial Margin (outright): 15% of contract value (18% for far months)

Daily Price Limit: +/- 10% of previous close

Index Options: No

Exchange Symbol: IF

Notes: RMB 500,000 yuan minimum account size to begin trading.