Page 68 - 期货和衍生品行业监管动态（2025年6月）
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期货和衍生品行业监管动态
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?
refNo=25PR98
21. 主要交易所交易衍生品的新持仓限额即将生效（2025 年 6 月 27 日）
香港证券及期货事务监察委员会（SFC）宣布，自 2025 年 7 月 2 日起，恒
生指数、恒生中国企业指数和恒生科技指数期货及期权合约的持仓限额，将分别
上调 50%、108%及 43%至 15,000、25,000 及 30,000 份对冲指定资产价格变动风
险的持仓。
SFC 市场监察部执行董事 Rico Leung 先生表示：“提高持仓限额将为市场
参与者在交易所市场的交易活动提供更大的灵活性。此次调整反映了 SFC 能够
在缓释系统性风险与推动香港金融市场发展之间取得适当的平衡，从而巩固香港
作为国际金融中心的地位。”
New Position Limits for Key Exchange-traded Derivatives to Take Effect
(2025/6/27)
The Securities and Futures Commission (SFC) announced today that with effect
from 2 July 2025, the position limits for the futures and options contracts of Hang
Seng Index, Hang Seng China Enterprises Index and Hang Seng TECH Index will be
increased by 50%, 108% and 43% respectively to 15,000, 25,000 and 30,000 position
delta.
“The increase in position limits will provide greater flexibility for market
participants in their trading activities within the exchange market,” said Mr Rico
Leung, the SFC’s Executive Director of Supervision of Markets. “The changes
reflect the SFC’s ability to achieve an optimal balance between mitigating systemic
risk and promoting growth of Hong Kong’s financial market, thereby reinforcing the
city’s position as an international financial centre.”
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