Haitong set for warrants wins as China sanctions hit US banks
China securities firm doubles HKEX warrant output as US banks pull listed products on vetoed names
Trump-imposed sanctions on US investments in China are benefitting local securities firm Haitong International, which is ramping up issuance in Hong Kong’s retail structured products market.
Effective January 11, an executive order from the outgoing US president restricts US persons from trading in securities linked to companies believed to have ties to the Chinese military. The move prompted US banks to pull hundreds of Hong Kong Exchange-listed derivatives warrants and callable bull and bear
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