Pop Mart-linked derivative warrants gain traction in the listed market. Alibaba leads the pack as the most featured underlying in the ELI wrapper.
The Hong Kong listed structured products continued to show strength in August. The average daily turnover for listed products – consisting of derivative warrants (DWs) and callable bull/bear contracts (CBBCs) – recorded HK$17.5 billion (US$2.25 billion) last month, up over 57% year-on-year (YoY) and 12% month-on-month (MoM), the Hong Kong Exchanges and Clearing (HKEX) latest monthly statistics report shows. The average daily turnover for those warrants rose by over 15% MoM to HK$7.