The Hong Kong Stock Exchange (HKEX) is working on the framework to enable the listing of daily leverage certificates (DLCs) involving liquidity provisions and underlyings, having received a number of proposals from potential issuers.
The bourse is in the process of implementing the project after spending ‘quite a bit of time’ in settling the delisting of hundreds of structured products , which were triggered by US sanctions in January, according to three senior market sources. HKEX has not initiated the internal approval for the launch, which will be followed by an approval from the Securities and Futures Commission (SFC). “The product development is expected to take another six months or mor
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login