Hang Seng 100 targets lower contract value

The contract value of the proposed Hang Seng 100 Index futures will be pitched at a lower level than existing Hang Seng Index futures in a bid to attract more investors, Hong Kong Futures Exchange chief executive Randy Gilmore said.

Speaking yesterday after launching the exchange's new corporate identity, he said details of the launch of the Hang Seng 100 Index futures and options would be made at the end of the month or mid-July.

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