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GFI Colliers launches HK property derivatives

Derivatives to be based on residential property index

US interdealer broker GFI Group has partnered with property consultancy Colliers International to provide broking services in Hong Kong property derivatives to banks, funds and property firms.

A Hong Kong residential property index based on repeat sales will support the market. The index was created and will be maintained by the University of Hong Kong's Department of Real Estate and Construction.

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