A source has told FO Week that China's planned
stock index futures contract will be based on an index of 300
stocks listed on the Shanghai and Shenzhen stock exchanges, and
will have a value of CNY100 ($12.51) per index point with
minimum price fluctuation of 0.5 index point.
Contract specifications were expected to be officially
released shortly with actual trading to commence in the last
quarter of the year.
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