HKEX plans to introduce MSCI All Country (AC) Asia ex Japan Net Total Return Index (MSCI AxJ) Futures, the first regional stock index futures contract for HKEX, on Monday, 11 June 2018, pending regulatory approval.

HKEX’s MSCI AxJ Futures will be first futures contract traded on an exchange in Asia that is linked to this index.

The MSCI AC Asia ex Japan index is a well-established benchmark that tracks the performance of 11 Asian equity markets and includes Hong Kong- and US-listed Mainland enterprises. The net total return feature incorporates net dividends after taxes.

There are 11 Exchange Traded Funds linked to the MSCI AxJ, one of which is listed in Hong Kong.  

“MSCI’s All Country Asia ex Japan index is a key benchmark for the world’s asset managers and we look forward to being the first exchange in Asia to offer MSCI AxJ futures,” said Li Gang, HKEX’s Co-head of Market Development. “Our MSCI AxJ Futures will be supported by liquidity providers to allow fund managers and other investors to get Asian equity exposure quickly and efficiently for risk management or other purposes.

“This product builds on our mission to extend and deepen our value proposition by offering equity and FICC (fixed income, currency and commodities) products with Mainland and international relevance,” said Mr Li.

“We are pleased that HKEX chose MSCI for the launch of new equity index futures based on the MSCI AC Asia ex Japan Index, which is an important flagship index and used by investors around the world as a fund benchmark and as the basis of various exchange traded products. HKEX is one of the leading derivatives exchanges in Asia, and we are excited to support their continued growth,” said Theodore Niggli, head of the MSCI Asia Pacific Product Management group.

Margin rates will be announced in due course. 

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香港交易所计划于2018年6月11日（星期一）推出其首只亚洲区股票指数期货合约― MSCI亚洲除日本净总回报指数（MSCI亚洲除日本指数）期货，正待监管机构批准。

香港交易所的MSCI亚洲除日本指数期货将是该指数首只在亚洲交易所挂牌买卖的期货合约。

MSCI亚洲除日本指数追踪11个亚洲股票市场表现，包括香港及美国上市的内地公司，是市场上成熟的指标。该指数的总回报净额只计算成份股除税后的派息净额。

以MSCI亚洲除日本指数为相关资产的交易所买卖基金共有11只，其中一只于香港挂牌。

香港交易所市场发展联席主管李刚说：“MSCI亚洲除日本指数是全球资产管理公司关注的重要指数，我们很高兴成为亚洲首家提供这一指数期货合约的交易所。MSCI亚洲除日本指数期货将设有流通量提供者，基金管理公司及其他投资者可以通过这一指数期货便捷高效地买卖亚洲股票，作风险管理或其他用途。香港交易所一直致力提供覆盖内地及国际的股票及定息、货币和商品产品，此次推出新期货合约正是计划之一。”

MSCI亚太区指数业务总裁倪天赐表示：“MSCI亚洲除日本指数是十分重要的旗舰指数，亦是全球多只基金的指标，以及不同交易所买卖产品的基准。我们欢迎香港交易所推出以此为基准的新股票指数期货。香港交易所是亚洲领先的衍生产品交易所，我们很高兴MSCI的股票指数能够参与香港交易所期货及期权的业务发展。”

香港交易所MSCI亚洲除日本指数期货合约主要细则

保证金额将适时公布。