Futures margins cut

Investors will pay a lower initial margin when trading futures contracts from today. Hong Kong Exchanges and Clearing cut the initial margin for each Hang Seng Index Futures contract to HK$48,000 from HK$57,500. The initial margin of MSCI China Free Index futures was cut to HK$19,000 from HK$22,500. However, the initial margin of three-year Exchange Fund notes was increased to HK$14,500 from HK$11,000.