Hang Seng TECH Index Futures Margin & Contract Specifications

What is the Hang Seng TECH Index?

The Hang Seng TECH Index is a financial index that tracks the performance of technology companies listed in Hong Kong. It is calculated and maintained by Hang Seng Indexes Company Limited. The index is composed of 30 technology constituents, including leading Chinese tech giants such as Tencent, Meituan, Alibaba, JD.com, and Xiaomi.

Because its constituents are mainly technology companies, the index is often referred to as the “Hong Kong version of the NASDAQ”, given its similarity to the U.S. NASDAQ index in representing the tech sector.

Functions and Features of Hang Seng TECH Index Futures

1. Leverage and Hedging

Investors only need to deposit a margin to trade the entire index, allowing leveraged returns. At the same time, the futures contract serves as an effective hedging tool against spot positions in individual tech stocks, reducing risks from stock-specific volatility.

2. Extended Trading Hours with Global Alignment

The Hong Kong Exchanges and Clearing (HKEX) offers both day and night sessions, with trading available until 11:45 p.m. This covers key U.S. and Asian trading hours, enabling investors to react to global tech news and adjust positions flexibly.

3. Transparent and Easy to Track

The index is compiled by Hang Seng Indexes Company with transparent rules for constituent selection and adjustment, making it easier for investors to analyze and follow.

Exchange

Hong Kong Exchanges and Clearing (HKEX)

Key Factors Influencing Hang Seng TECH Index Futures

1. Constituent Structure and Weighting Changes

The index consists of high-growth, high-volatility tech and communication companies such as Tencent, Meituan, JD.com, and Xiaomi. Adjustments to index constituents or regulatory risks faced by a major company can significantly impact futures prices.

2. China-U.S. Tech Regulation and Geopolitical Risks

Factors such as China’s domestic regulatory actions on large tech platforms, U.S. auditing requirements for Chinese ADRs, and broader U.S.-China tech decoupling concerns influence market expectations for the future of Chinese tech enterprises, directly affecting index futures.

3. Correlation with U.S. Tech Markets

Hong Kong tech stocks are closely linked with the U.S. NASDAQ and the Philadelphia Semiconductor Index. Earnings releases or major policy shifts by companies like Meta, Amazon, or NVIDIA often create spillover effects that impact Hong Kong tech stocks and the futures market.

4. Corporate Earnings and Movements in Heavyweight Constituents

Quarterly results from key constituents such as Tencent, Alibaba, and Meituan—if significantly above or below expectations—can cause sharp moves in the overall index. Monitoring these earnings announcements and market expectations is crucial.

5. Policy Outlook and Interest Rate Environment in Hong Kong and Mainland China

Policy directions in China and Hong Kong, interest rate adjustments, the level of government support for the tech industry, as well as the vibrancy of Hong Kong’s IPO market, all shape investor sentiment and capital allocation, thereby influencing the bullish or bearish trend of Hang Seng TECH Index futures.

Hang Seng TECH Index Futures Margin

How much money is needed to trade futures? At the beginning, the required margin is the initial margin. While holding a position, the margin after deducting floating profits and losses must remain above the maintenance margin; otherwise, a margin call will be issued. For day-trading margin, only half of the margin is required, provided the position is closed before the market closes.

Foreign Futures

Hang Seng TECH Index Futures Contract Specifications

Here is a summary for traders of the contract specifications, exchange, trading hours, minimum price fluctuation, and available trading months for Hang Seng TECH Index FuturesFutures.

Hang Seng TECH Index FuturesLast Trading Day

Futures