HONG KONG: Hong Kong's stock exchange launched a new futures contracts scheme on Monday making it easier for international investors to bet on mainland Chinese stocks, providing a much-needed boost for the city's underperforming bourse.
HKEX's chief executive officer Nicolas Aguzin on Monday called the new product a milestone and said Hong Kong continued to be a channel for global investors to access the Chinese market. The product may add around 5 per cent to HKEX's revenues by 2025, though trading volume for MSCI index-based futures is typically"negligible" for the first two years, they added.
Hong Kong's A50 futures product mirrors the sector weight allocation of the MSCI China A Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via a Stock Connect scheme.
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