Hong Kong Exchanges and Clearing (HKEX) has said it will launch callable bull/bear contracts (CBBCs) in the first or second quarter of next year. The products have now been approved by the island’s Securities and Futures Commission (SFC).The regulator this week launched a six-point action plan for Hong Kong’s massive warrants market, including: issuing marketing guidelines; requiring plain language product descriptions, including a two-page key features summary of the product’s nature, risks and