HKEX to debut Asia's first single stock leveraged and inverse products

CSOP Asset Management announced the listing of Asia's first batch of nine single stock leveraged and inverse products on the Hong Kong Stock Exchange on Monday.

L&I products are derivative products structured as funds and traded on the stock exchange on a daily basis. 

Five US stocks tracked include Tesla, Berkshire, Nvidia, MicroStrategy and Coinbase.

These products will track the daily performance of the underlying stocks.

L&I products are available in both Hong Kong dollar and US dollar counter types.

At the listing ceremony, Securities and Futures Commission executive director for investment products Christina Choi Fung-yee said the launch of these nine exchange-traded funds represents a significant milestone in the diversification of Hong Kong's listed products. 

CSOP revealed plans to expand its offering of L&I products for more individual stocks in the future, involving other popular US stocks and major stocks from other Asian markets. 

Earlier this year, the SFC issued a new circular expanding the range of listed structured funds that may be offered to the public in Hong Kong, namely single-stock L&I products, and defined outcome-listed structured funds.

STAFF REPORTER