HSBC Says Broker-Linked Note Demand Rises on China Access Plan
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Investors are seeking more structured notes tied to brokerages and exchanges after China said it will link the Shanghai and Hong Kong bourses, according to HSBC Holdings Plc, the biggest foreign bank in China.
China will this year allow investors to buy shares listed in Hong Kong through its counterpart in Shanghai, and vice versa, it announced last week. HSBC is already seeing more client demand for products that bet on the stock of securities companies and exchanges rising, said Gordon Ho, the bank’s head of equity-derivative structuring for the Asia-Pacific region.