Some 8,089 structured products worth HKD181 billion ($23 billion) were released on the primary market in Hong Kong SAR during the first quarter of 2023.

Additionally, 5,859 leverage products were issued on the secondary market including 4,218 callable bull bear certificates (CBBC) and 1,641 warrants – a decrease of 40% compared to the recorded values in the same period last year (Q1 2022: 9,900). According to the SRP Hong Kong SAR database, the market grew 22% growth in terms of issuance: from 11,477 products in Q4 2022 to 13,948 products in Q1 2023. Some 8,073 products (HKD180 billion) had strike dates during the observed period. They w