Hong Kong, China Futures Are Step to Convergence: HKEx
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Futures linked to the CES China 120 Index are a step toward the convergence of stock markets in Hong Kong and China, according to an official from Hong Kong Exchanges & Clearing Ltd.
Futures tied to the gauge, which tracks the most liquid stocks listed in Hong Kong, Shanghai and Shenzhen, will begin trading in the special administrative region on Aug. 12. They will be the first derivative product that gives investors exposure to companies listed in both Hong Kong and China, said Calvin Tai, co-head of equities, fixed income and currencies at Hong Kong Exchanges, at a media briefing in Hong Kong today.