The monthly Vega supply of structured products linked to Hong Kong-listed equities this year has nearly tripled the 2024 level, according to the US bank.
Single-stock products linked to Hong Kong equities are set to “significantly” outpace index-linked issuance this year, according to a J.P. Morgan research update. In a note released last Friday (7 November), the US bank's strategists led by head of global equity derivatives strategy Tony Lee wrote that it expects such a momentum to continue into 2026. Demand for equity-linked yield products and accumulation products, combined with persistent stock-level dispersion, 'should continue