Hong Kong stock exchange operator launches inline warrants, first new structured product in 13 years as part of plan to be Asia’s asset management hub
- Fifty inline warrants issued by six banks will start trading on Thursday (July 18) on the stock exchange which are issued by six banks
- Inline warrants are the first structured products to be rolled out since callable bull/bear certificates (CBBC) and derivative warrants in 1996
The operator of Hong Kong’s tock exchange will introduce inline warrants trading on Thursday, marking the first roll-out of a new structured product in 13 years, part of its three-year plan to diversify into a leading Asian asset management centre.
Fifty inline warrants will start trading on Thursday (July 18) on the stock exchange, issued by six banks, BNP Paribas, Haitong, HSBC, JPMorgan, Societe Generale and Vontobel.
They are derivative products linked to the Hang Seng Index and the share prices of Tencent Holdings, China Construction Bank, China Mobile, China Mobile, AIA, and Ping An Insurance.
The last structured products to be introduced by the Hong Kong Exchanges and Clearing the callable bull/bear certificates (CBBC) in May 2006.
“As part of the three-year strategic plan of the HKEX, we will introduce more derivative and structured products to serve different investment strategies by investors,” said Garbo Cheung, managing directors of markets for HKEX, in a media briefing.