New listings of derivative warrants (DWs) and callable bull/bear certificates (CBBCs) in H1 22 have hit their lowest levels in two years, leading to a fall of listing revenue at HKEX.

A total of 6,157 DWs and 19,413 CBBCs went listed on Hong Kong Exchanges and Clearing (HKEX) from a group of 16 issuers in H1 22, a decrease of 25.3% and 7.6%, year-on-year (YoY) respectively. The figures dropped 27% and 10.9%, respectively, compared with the peak in listings recorded six months ago.    Investors are trading quite short term on the key underlying names like the Hang Seng Index and Tencent No new listing of inline warrants (IWs), which allow investors to generate r

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