China topples Hong Kong as largest warrants market
Warrant turnover on the Shanghai and Shenzhen stock exchanges in China was the largest in the world during 2006, reporting $US13.4 billion more turnover than Hong Kong for the first 11 months of 2006.
According to figures from Goldman Sachs warrant turnover in China reached $221.2bn for the first 11 months of 2006, compared with $207.8bn for Hong Kong. The figures for China are even more impressive considering the first warrant was only issued 18 months ago.
Hong Kong's full-year turnover for 2006 came in at US$230 billion, and although complete statistics are not yet available for China, analysts suggest the figure could well exceed US$244 billion.
Just 27 warrants are currently traded in
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