Choosing a different path

Hong Kong’s warrants market has been humming with activity since the resumption of trading in January. But issuers are now looking for ways to stand out in this increasingly crowded market. Nick Sawyer reports

Hong Kong’s warrants houses have been churning out new issues at a frenetic pace since the market burst back into life in late-January. With more than 270 warrants issued so far, and a handful of issuers dipping their toes into the market for the first time in years, it seems the stage is set for a record-breaking 2002. But with so much choice available to Hong Kong’s small investor base, issuers are having to become more savvy to stand out from the crowd. And with sky-high listing costs to