HKEx to introduce trading in MSCI China Free Index Futures on May 7

HONG KONG (AFX-ASIA) - Hong Kong Exchanges and Clearing Ltd (HKEx) said in a statement that it will introduce trading in MSCI China Free Index Futures on the Hong Kong Futures Exchange, a wholly owned subsidiary of HKEx, on May 7.	    The index represents Chinese stocks open to investors outside China and can include H shares and red chips listed in Hong Kong, B shares listed in Shanghai and Shenzhen and N shares listed in New York, it added.	    The contract multiplier for MSCI China Free Index Futures will be 100 hkd per index point, meaning that when the index level is 2,000, the value of one futures contract will be 200,000 hkd, it said.	    "MSCI China Free Index Futures will provide hedging and trading tools for the China concept sector of the international equity markets," Frederick Grede, chief operating officer of HKEx, said 

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