Hong Kong's warrants and callable bull-bear contracts (CBBCs) market enjoyed a sizable rally in May which has resulted in a spike in turnover, sales and issuance. A total of 699 CBBCs were issued in the month of May, up from 617 for April, as well as 625 warrants , as compared with 244 over the course of the previous month. Overall turnover in warrants and CBBCs climbed 31% to HK$259bn (US$33bn), accounting for 16.4% of total securities trade on the exchange, up from 15.6% in April, and compare

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