China's first stock index futures contract was to be
sized at around CNY405,000 ($51,000), suggesting it has been tailored more towards institutional users than the country's speculatively-minded retail traders.
The contract size, subject to final regulatory approval, was announced by the recently inaugurated China Financial Futures Exchange (CFFEX). The product was to be based on the existing Shanghai and Shenzhen 300 Index, covering about 60% of the market value of both...