CBBCs and warrants added to Hong Kong database, SRP

The SRP Hong Kong database has been improved with the addition of warrants and callable bull-bear contracts (CBBCs) , which constitute around a fifth of the securities trade taking place in the Special Administrative Region of China, with over HK$282bn (US$36.4bn) in turnover for the month of November . CBBCs, which function like turbos, traditionally rely on the Hang Seng Index as an underlying for 95% of issuance as investors are wary of price volatility knocking out products based only on co