The overseas arm of the Chinese brokerage house and investment bank is set to expand its footprint as an issuer after over four years of acting as a third-party product distributor for and setting up a Southeast Asia presence.
The Hong Kong bank’s structured products issuance income in H1 2024 recorded the lowest level since 2H 2021. Single stock-linked ELI sales concentrated on US tech stock underlying.
The average daily turnover of listed structured products turned flat, while the number of issuances dropped. Blue-chip stock underlying led by Alibaba continued to shine.
The buy-side structured product executive joins the French bank after five years of service with HSBC.
In the first half of the year, sales volume of FX rates-linked structured products soared over 7,000% year-on-year in South Korea.
Amidst the current high-interest rate environment, yield enhancement products surprisingly continued to shine in the first half of the year in major Asia Pacific markets.
Both the number of issuances and estimated sales volume of structured deposits have risen in the Chinese market. Commodity-linked products gain momentum.
The French bank was recognised as “Best House, Equities” and “Best Innovation” at SRP Asia Pacific Awards 2024 accolade for its contribution to equity-linked products in the region as well as the hedging investment tool rolled out in South Korea.
The proposal says long-short equity funds and inverse ETFs may be permitted to be offered as investment strategies under the new product category.