Market Specific - Hong Kong. 2 Market Specific – Hong Kong Agenda Equity Hong Kong Stock Exchange (HKEx) Futures & Options Hong Kong Futures Exchange

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Market Specific - Hong Kong Slide 2 2 Market Specific Hong Kong Agenda Equity Hong Kong Stock Exchange (HKEx) Futures & Options Hong Kong Futures Exchange (HKFE) Hong Kong Mercantile Exchange (HKMEx) Slide 3 3 Market Specific Hong Kong Hong Kong Exchange (HKEx) Securities Trading (HKSE) Derivatives Trading (HKFE) Exchange website Slide 4 4 Market Specific Hong Kong HKSE:, main traded instruments: Equities e.g. Warrants e.g. Rights e.g. Bonds e.g. Exchange Traded Funds e.g. CBBC (Callable Bull/Bear Certificates) e.g. Slide 5 5 Market Specific Hong Kong H shares issued by companies incorporated in Mainland China and listed on the HKSE. Blue chips normally companies with the highest status and quality for investment. In Hong Kong, the constituents of the Hang Seng Index are generally recognized as blue chips. Red chips companies listed on the Stock Exchange and controlled by Mainland entities, by way of direct or indirect shareholding and/or representation on the board of directors. Red-chip companies are incorporated outside Mainland China. detailing companies which have both H-Shares and A- Shares listed. For example, Industrial and Commercial Bank of China (ICBC) lists on both the Chinese Stock Exchanges (Shanghai Stock Exchange or Shenzhen Stock Exchange) and the Hong Kong Stock Exchange Exchange website: Slide 6 6 Reference Data HKSE Full Quote RIC Rule RIC is created based on exchange stock code. If the ticker is 4 or 5 digits, the RIC will be ticker +.HK If the ticker is less than 4 digits, we will add leading zeros to form 4 digits. E.g, e/documents/scap.pdf (Stock Code Allocation Plan) e/documents/scap.pdf Market Specific Hong Kong Slide 7 7 How to verify stock code/ticker from exchange website? the exchange stock code (ticker) is supported on FID 78 E,g. - official stock code is 1 Exchange website for stock code (ticker) verification: Slide 8 8 Market Specific Hong Kong How do we get ISIN code for HKSE RICs? FID 3655 or MI page such as ISIN code Please note that our main source of ISIN code is from Stock Exchange of Hong Kong (SEHK). The exchange collects the information on best effort basis and then disseminates to Thomson Reuters via Hong Kong Miscellaneous Information RIC, such as. The update time is approximately at 08:15 HKT (00:15 GMT) For HK-listed securities of which the issuing companies are registered outside Hong Kong, the ISIN codes are or will be assigned and updated by the National Numbering Agencies or their substitute agencies of the corresponding countries. Since the SEHK is not the issuer of the ISIN codes for these companies, there could be delay in getting the ISIN code from the respective numbering agencies by the exchange. Slide 9 9 Market Specific Hong Kong Miscellaneous Information Page RIC Information Feed in from Exchange Feed ISIN code Eligible for Short Selling Stamp duty Short Selling RIC Individual Stock Short Selling RIC Stock code + stat.HK e.g. Daily Turnover and Volume of Short Selling Average Short Selling price (CAZ ID 1070575 & 88312) Slide 10 10 Market Specific Hong Kong When does the ETI team create a HKSE RIC for a new stock? Based on the exchange notification (official source) Slide 11 11 Market Specific Hong Kong HKSE Trading Calendar and Trading Hours -Holidays Speedguide: -Exchange website: -Trading Hours: -Exchange website: adcal_1.htm HKSE Closing Run Slide 12 12 Market Specific Hong Kong Market Depth levels of market depth data Please note there is no D RIC for Hong Kong stocks The original RIC displays 5 levels market depth data e.g. what kind of data does display? ( > ) Slide 13 13 Market Specific Hong Kong Price Verification To access price information, navigate from homepage at, by input the stock code (ticker) into Stock Quote Search. e.g. Stocks delayed prices: sp?WidCoID=1&WidCoAbbName=&Month=1&langcode=e sp?WidCoID=1&WidCoAbbName=&Month=1&langcode=e e.g. Stocks historical prices: ?WidCoID=1&WidCoAbbName=&Month=3&langcode=e# Slide 14 14 Market Specific Hong Kong HKSE Trading Features Trading types (FID 975) Automatch Direct (Y) Automatch Non-direct ( ) Manual or Special Lot Direct (X) Manual or Special Lot Non-direct (M) Odd Lot (D) Pre-opening (P) Auction-Matched (U), -4 Slide 15 15 Market Specific Hong Kong HKSE Trading Features How is the closing price calculated by the exchange? Please refer to FID 6 at 16:01 HKT for close price. Unlike other Asian exchanges, FID 393 (rather than FID 6) is the last traded price for Hong Kong Equity. FID 6 is nominal Slide 16 16 Market Specific Hong Kong Close price adjustment Adjust Historical closing price (FID 21) Cash dividend adjusted by the exchange data feed around 08:00 HKT On ex-date, the Hong Kong Stock Exchange (HKSE) adjusts the previous day close nominally based on the cash dividends amount. Please note that for HK cash dividends, only FID21 is adjusted on Ex-date, and it is from Hong Kong Stock Exchange directly; while, for close price on graph and TS1, the close prices are taken from the Thomson Reuters historical database, and are not adjusted Slide 17 17 Market Specific Hong Kong Parallel Trading Parallel trading is peculiar to Hong Kong Stock Exchange (HKSE) and refers to the method opted during stock consolidation and share sub-division. On HKSE, in the event of a share consolidation, stock split or lot size change, temporary stock codes will be listed. Slide 18 18 Market Specific Hong Kong There are always 3 stages, 1st stage : On May 13 th The original RIC inactive (RIC deleted) Temporary RIC is trading (RIC added). 2nd stage ( parallel trading) : On May 27 th, The original RIC is re- activated (RIC added), Temporary RIC continues trading. The shareholders can trade on the original RIC OR the temporary RIC 3rd stage : On June 20 th, The original RIC resumes trading (RIC added), Temporary RIC is deleted. All trading then reverts back to the original RIC. Slide 19 19 Market Specific Hong Kong HKSE FID list Customer Zone FAQ 1028726 tion.aspx?id=1028726 tion.aspx?id=1028726 Refer to Slide 20 20 Market Specific Hong Kong Indices, FID list CAZ ID:1028726 Most important index:, its constituents: Hang Seng index delayed price verification: Hang Seng index historical price verification: Home > Download Centre > Reports and Statistics Step 1: Select the index Step 2: Select Index daily bulletin Step 3: Click on the date to download Slide 21 21 Market Specific Hong Kong Futures & Options Hong Kong Futures Exchange (HKFE) Speed guide RIC structure Settlement/closing run Price verification Hong Kong Mercantile Exchange (HKMEx) Speed guide Trading hours Contract specification Price verification Slide 22 22 Market Specific Hong Kong Hong Kong Futures Exchange Speedguide > : Refer to the contract details pages for the trading hours of various contracts e.g. Holidays: Trading hours - FAQ pages onwards FID list: Customer Zone FAQ ID 1067508 8 Slide 23 23 Market Specific Hong Kong RIC structure: Futures RIC Structure RIC root + Month code + Year Code e.g. Option RIC Structure RIC Root + Strike Price + Month Code + Year Code e.g. Stock options Slide 24 24 Market Specific Hong Kong Exchange ID for stock options -.HK Menu page > RIC structure - Stock Code + Strike Price + Version Code + Month Code + Year Code + .HK e.g. for HSBC June 2011 Call Option at 50.00 0# + Stock Code + *.HK for HSBC Options. Version code for underlying stocks going through capital change. The temporary counter will have version code 1 . Usually there will be Data Notification issued to inform the customer about the change. Slide 25 25 Market Specific Hong Kong Settlement price updates at FID 70 Index/Stock/Money market/Bond Futures and Index Options (18:00 18:45 HKT). According to HKFE, the transmission time of settlement price could be later than normal schedule due to settlement price calculation process time. Closing run time: Futures: 07:05 local time(23:05 GMT). Value on FID 70 ripples to FID 21 as historical close. Options: 06:22 local time (22:22 GMT). Slide 26 26 Market Specific Hong Kong Price verification -Delayed price Home > Investment Service Centre > Futures and Options Prices and Charts (Delayed) -Historical price (e.g. daily settlement) calendar.asp Home > Statistics & Research > Derivatives Market Statistics > Daily Market Report Slide 27 27 Market Specific Hong Kong Hong Kong Mercantile Exchange (HKMEx) Background: refer to DN056370 for more details. Speed guide - > Exchange link: Market Holiday: FID list: attachment to DN056370 earch.aspx Slide 28 28 Market Specific Hong Kong Trading Hours : The trading schedule is as below: Pre-Open Session 07:30 - 08:00HKT (23:30 - 00:0