HONG KONG, May 23 (Xinhuanet) -- FTSE/Xinhua (FXI) China 25 Index futures and options began trading Monday in the derivatives market of Hong Kong Exchange (HKEx).

    FXI China 25 futures turnover was 369 contracts and options turnover was 175 contracts on the first day.

    The underlying index for FXI China 25 futures and options is the FTSE/Xinhua China 25 Index, an index compiled and calculated by FTSE Xinhua Index Limited to track the performance of 25 major H shares and red chips listed on HKEx's Stock Exchange. Each constituent's weighting in the index is free-float adjusted and capped at 10 percent, and frequent reviews ensure the index remains a true reflection of the market.

    "The rollout of FXI China 25 futures and options further strengthens our position as the leading international marketplace for Chinese mainland related equities and derivatives," said HKEx Chief Executive Paul Chow.

    According to statistics released by FTSE/Xinhua Index Limited, the value of the products chasing that index worth over 3 billion US dollars by the end of March. Enditem