Published On: Tue, Jul 19th, 2011

HKMEx To Launch 1000oz Silver Future Contract

The Hong Kong Mercantile Exchange (“HKMEx”), China’s international commodity marketplace, announces today the launch of a US-dollar silver futures contract to begin trading on 22 July, 2011, following the successful introduction of its gold futures two months ago.

香港,2011年7月18日 – 香港商品交易所(“港商交所”)–中國的國際商品市場–今日宣佈,針對全球對白銀的強勁需求,將於本周五(7月22日)推出以美元計價的白銀期貨合約。該合約是繼港商交所5月份成功推出黃金合約後的第二隻產品。

The new contract, launched on the back of surging global demand for silver, will trade in units of 1,000 troy ounces and be delivered in Hong Kong. Trading will last for 15 hours every day, Monday to Friday, beginning at 8am and ending at 11pm Hong Kong time, with a 30-minute pre-opening auction starting at 7:30am. Clearing and settlement of contracts will be conducted through the independent clearing house LCH.Clearnet.

新合約的交易單位爲總重量1,000金衡盎司的銀錠,並將在港以實物交收。交易時間爲香港時間周一到周五的上午8點到晚上11點,連續15個小時,並於上午7:30開始進行30分鐘的開盤競價。合約的清算和結算將通過獨立清算所LCH.Clearnet進行。

Between 2008 and 2010, demand for silver rose 67% in China and 17% globally to reach 7,495 tons and 32,870 tons respectively, according to market data compiled by HKMEx. China alone, accounted for nearly 23% of the world’s silver consumption last year, reflecting its importance as a global manufacturing powerhouse.

根據港商交所收集的市場數據,於2008年至2010年之間,全球的白銀消耗量增長17%,至32,870噸﹔而中國的消耗量更大幅增長67%,至7,495噸。作為全球主要的產品生產地,中國去年的白銀需求佔全球總消耗量達23%。

“The new contract will enable buyers and sellers in China to trade effectively with their counterparts across the world, while at the same time, allowing investors to gain exposure to silver price movements and broaden their investment portfolio,” said HKMEx president Albert Helmig.

港商交所總裁艾伯特表示:「我們的新合約能讓中國的交易商與世界各地的交易對手進行交易,此外,投資者亦可買賣白銀期貨,建立多元化的投資組合。」

“We are fully aware of the vast potential of precious metals both as a hedge against inflation and as an investment diversification tool, and will continue to expand our product suite in this area,” added Mr Helmig.

艾先生續說:「貴金屬有助抗衡通脹及加大投資組合的選擇,我們將充分利用這特點繼續發更多合適的貴金屬產品。」

HKMEx’s first product, a 32 troy ounces gold futures contract with physical delivery in Hong Kong, traded in June a total of 48,321 contracts with a daily average volume of 2,297 contracts. Trading volume has increased in the 11 trading days in July to a daily average of 3,280 contracts.

港商交所的首隻產品為於香港進行實物交收的32金衡盎司黃金期貨合約,於6月份的成交量為48,231手,日均成交量爲2,297手。7月份首11日的日均成交量增長至3,280手。

The Exchange’s current membership represents 20 of the most well established financial institutions and futures brokerages in the region and globally, including the most recently added Jinrui Futures (Hong Kong) Limited and Wing Fung Futures Limited.

港商交所現有20位會員,其中包括多間全球及香港最具規模的金融機構及期貨經紀公司,最新加入的會員有金瑞期貨(香港)有限公司及永豐期貨有限公司。

Contracts for the new silver futures will be for the current calendar month, the next two consecutive months, and any months of January, March, May, July, September, and December falling within a succeeding 12-month period.

新推出的白銀合約將適用於本月及之後連續2個月,以及在此之後連續12個月中的1月、3月、5月、7月、9月、12月。

Full real-time trading statistics on the new contract will be accessible through the Bloomberg and Thomson Reuters information services by typing IXSA CT and 0#HKS: respectively.

白銀合約的相關交易數據可透過彭博和湯森路透信息服務取得,輸入代碼分別為 IXSA CT 和 0#HKS:

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