The issuance of derivative warrants (DWs) and callable bull/bear contracts (CBBCs) recovered in May with blue-chip tech and banking stocks driving most of the underlying assets trading activity.
Listed structured products in Hong Kong SAR saw a slight revival in May as the Chinese equities edged up most of the time in the month. The Hong Kong Exchanges and Clearing (HKEX) May statistics report shows that the average daily turnover (ADT) for structured products – consisting of derivative warrants and callable bull/bear contracts – recorded HK$10.1 billion (US$1.29 billion) in May, up 12.5% month-on-month. Both DWs and CBBCs’ turnovers saw a recovery, standing at HK$4.5