Chinese mainstream companies’ stocks continued to be the top picks for CBBCs and structured warrant issuance.
The Hong Kong listed structured products market registered lower trading activity last December. The Hong Kong Exchanges and Clearing (HKEX) December statistics report shows that the average daily turnover for listed structured products – consisting of derivative warrants (DWs) and callable bull/bear contracts (CBBCs) – retreated to HK$11 billion (US$1.4 billion) last month, down over 27% from November. Average daily turnover for CBBCs, at HK$6.3 billion, edging down 23% month-on-m