HK listing revisions may boost structured product diversity
Reduced minimum fees and size could temper ‘emulation’ issue dominance
An overhaul of listing rules for structured products at the Hong Kong Exchange (HKEX) has eliminated a premium charged on original issues versus copycat follow-ons, spurring hopes for improved diversity of payoffs and underlyings.
From May 1, a revision to Chapter 15A of the exchange’s rule book cut minimum price and issue size for derivatives warrants by 40% and removed minimum fees on callable
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