Callable Bull/Bear Contracts Begin Trading In HKEx Securities Market

Callable Bull/Bear Contracts (CBBC) began trading today (Monday) in the securities market of Hong Kong Exchanges and Clearing Limited (HKEx). So far, four issuers have introduced a total of seven CBBC. Together, the seven had turnover volume of 14,502,000 units and turnover value of $14,908,880 on their debut today.

The table below shows today's turnover of the individual CBBC:

Stock Code	Stock Short Name (issuer)	Turnover (units)	Turnover (HK$)	Underlying asset(s)
6200	AA#HSI RC0611A (ABN AMROAsia)	3,290,000	$749,110	Hang Seng Index
6201	GS#HSI RC0612A (Goldman Sachs (Asia) Securities)	2,150,000	$462,590	Hang Seng Index
6202	SG#HSBC RC0612A (SG Securities (HK))	0	0	HSBC shares
6203	SG#HWL RC0612A (SG Securities (HK))	150,000	$354,100	Hutchison Whampoa shares
6204	AA#HSI RP0611B (ABN AMRO Asia)	1,250,000	$483,750	Hang Seng Index
6205	GS#HSI RP0612B (Goldman Sachs (Asia) Securities)	1,030,000	$380,650	Hang Seng Index
6901	UB#HSBC NC0612A (UBS Securities Hong Kong)	6,632,000	$12,478,680	HSBC shares

¡¥We have introduced the CBBC market to provide investors and issuers with an additional choice in structured products. Investors trading in the Exchange-traded CBBC market enjoy central price transparency, as well as the use of the Exchange's efficient trading and clearing facilities,' said HKEx Deputy Chief Operating Officer Gerald Greiner.

¡¥The market infrastructure is in place for the long term and we take a long-term view on the development of new products,' Mr Greiner said. ¡¥We will not be drawing any conclusions on CBBC based on the initial trading activity.'