I would like to offer my sincere congratulations to the Hong Kong Futures Exchange on the launch of its long-dated Hang Seng Index options.
The futures exchange has, over the past couple of years, spared no effort in developing new products, thus providing retail and institutional investors with a variety of instruments for investment and risk management. More are expected to emerge in the foreseeable future.
The long-dated Hang Seng Index options complement the existing Hang Seng Index options, which were launched in March, 1993, and investors stand to benefit from the availability of more choices and greater opportunities.
I wish this new product and the Hong Kong Futures Exchange every success.
ANTHONY NEOH, QC, JP, Chairman, Securities and Futures Commission
