Hong Kong’s inline warrants fall from grace

Volumes plunge 97% as rising volatility turns off investors

Inline-warrants-vol-plunges
Risk.net montage

Once carrying the high hopes of exploiting new opportunities in the structured products sector, inline warrants are now only a few months away from disappearing from the Hong Kong Exchange (HKEX), after issuers struggled to find incentives to launch new ones.

High volatility has caused volumes of the product to plunge more than 97% between full-year 2021 and 2022. The remaining inline warrants are all issued by a single bank – HSBC – which issued its last set in July 2020. The number of active

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here