HSBC launches CBBC on popular HK stocks
HSBC is boosting product diversity with the launch of a new range of single stock callable bull/bear contracts (CBBC) for the listed product market.
Now listed on The Stock Exchange of Hong Kong, the five bull contracts and five bear contracts include China Construction Bank Corporation, Hong Kong Exchanges and Clearing Ltd, China Petroleum & Chemical Corporation, China Mobile Ltd, and China Life Insurance Company Ltd.
Ken Sue, Managing Director and Head of Wealth Management Sales, Asia-Pacific, HSBC Global Markets, said, "The development of the Hong Kong-listed product
market is significant. Its daily turnover accounts for approximately 20 to 25 percent of total market turnover. As one of the top market players, HSBC aims to offer
various products to satisfy different investment needs of our customers."
Having grown steadily since its launch in 2006, the CBBC market in Hong Kong now has over 1,500 CBBC available, 38 of which are currently issued by HSBC and may be purchased through any registered stockbroker or via HSBC Internet Banking and phonebanking services.
HSBC Wealth Management Sales provide structured products to retail and private banking distribution networks. Wealth Management Sales specialises in product delivery and regulatory and compliance issues concerning the sale of structured products to high-net-worth and retail customers throughout the Asia-Pacific region. The products include structured notes, capital guaranteed funds, structured deposits, yield enhancement equity linked notes and listed products.
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