The Hong Kong-based subsidiary of Haitong Securities has reported a net profit of HK$521.5m (US$67.3m) in the first half of the year, a 49.8% plunge from a year earlier. But It remains a leading issuer of callable bull/bear contracts (CBBCs) in Hong Kong.
The firm also reported a 13.2% decrease in revenue to HK$3.6 billion mainly due to a 46% decrease of net trading and investment income year-on-year (YoY). The number of its CBBC issuance climbed by 22% to 1,714 with turnover reaching over HK$200 billion over the same period of last year, making it the fifth place in the Hong Kong market. On-balance sheet derivative assets were up 1.9% to HK$944.5m while derivative liabilities were up 32.1% to HK$370.4m YoY. Haitong International has iss
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