Warrants and CBBCs turnover surge 55 pc to $4.49 trillion in 2025: SocGen

The full-year turnover of warrants and callable bull/bear contracts jumped 55 percent year-on-year to HK$4.49 trillion, hitting a new high since 2021, said Societe Generale.

Warrants turnover jumped 50 percent to HK$1.9 trillion, while CBBCs rose 58 percent to HK$2.59 trillion, it added.

The China Enterprises Index is expected to rise 16.8 percent to 10,800 points, and the S&P 500 will top 7,300 points at the year's end, the firm noted.

SocGen noted that artificial intelligence will be the core concept for global investing in 2026, with a focus on insurance shares, high-dividend shares, and new consumer stocks, along with the AI and humanoid robots sectors in both Hong Kong and the US markets.

Investors in the city actively engaged in the trading of warrants and CBBCs linked to US-listed shares, tech stocks, and relative Asian Pacific shares, while their interests in artificial intelligence stocks that debuted recently or are set to be listed saw a dramatic rise, it added.

Boosted by the hot Hong Kong stock market last year, SocGen said the trading of ATMX-related warrants surged over 70 percent, with products linked to Pop Mart (9992), SMIC (0981), and CATL (3750) attracting many investors.

Regarding US share warrants, Nvidia and Tesla draw a lot of attention, the firm said.