【知识科普】恒生指数期权开户

Group 1: Core Insights - The article introduces Hang Seng Index Options, a product listed on the Hong Kong Stock Exchange (HKEX) that allows investors to trade on the fluctuations of the Hang Seng Index in both directions [1]. Group 2: Account Opening Channels - Investors can open accounts through licensed brokers in Hong Kong, such as Phillip Securities, Bright Smart Securities, and Interactive Brokers, which must hold licenses from the Securities and Futures Commission (SFC) [4]. - Indirect participation is available through QDII funds or the Stock Connect program, but these options do not support direct trading of options [4]. Group 3: Account Opening Conditions - Individual investors must be at least 18 years old and provide identification and proof of address, with no mandatory capital requirement but must meet margin requirements set by brokers [6][7]. - Institutional investors face a more complex process requiring company registration documents and financial statements [7]. Group 4: Account Opening Process - The process involves selecting a broker, comparing fees (typically HKD 10-50 per contract), submitting necessary documents, and funding the account through a Hong Kong bank or overseas card [7]. Group 5: Trading Rules - Each contract corresponds to HKD 10 times the index points, with expiration on the second last trading day of each month [7]. - Trading hours are from 9:15 AM to 12:00 PM and 1:00 PM to 4:30 PM, with night trading available for some brokers [7]. - Cash settlement is used, with initial margin requirements ranging from 5% to 20% of the contract value [7]. Group 6: Cost Structure - Commissions range from HKD 10 to 50 per contract, with additional exchange fees including a trading fee of HKD 0.5 and a settlement fee of HKD 0.05 per contract [7].