Cash Market
- Link with other exchanges under the Global Equity Market partnership talks, Status on 15 June: HKEx and nine other exchanges have been discussing the feasibility of providing links for the cross trading of securities listed on the participating exchanges.
HKEx is also in talks with the New York Stock Exchange on a possible earlier bilateral link within the Global Equity Market, Status on 13 September:In progress.
- Development of the Exchange Traded Fund (ETF) market, Status on 15 June:
- HKEx plans to list more locally developed ETF
- HKEx plans to list and trade more regional ETF
- HKEx plans to list and trade fixed-income ETF.
- Equity Linked Notes, Status on 15 June: HKEx is exploring the introduction of Equity Linked Notes on the Exchange market., Status on 13 September: In progress.
- Further development of the bond market, Status on 15 June: HKEx is exploring the further development of its bond market., Status on 13 September: In progress.
- Trading of regional securities and related products, Status on 15 June: HKEx is exploring the trading of regional securities and related products., Status on 13 September: In progress.
- New e-Submission System for listed companies, Status on 15 June: Not included in status report., Status on 13 September: There was a full-scale trial in late August and the system is expected to be introduced before year-end.
- International Stock Futures and Options, Status on 15 June: HKEx is exploring the introduction of International Stock Futures and Options., Status on 13 September: HKEx plans to introduce derivatives contracts on individual stocks selected from markets in Asia and the US. The launch is scheduled for October, subject to the approval of the Securities and Futures Commission (SFC).
- Dow Jones Industrial Average Index Futures and Options, Status on 15 June: HKEx is exploring the introduction of Dow Jones Industrial Average Futures and Options., Status on 13 September: HKEx plans to introduce Dow Jones Industrial Average (DJIA) Futures and Options for trading during Asian market hours. The launch of DJIA Futures and Options is scheduled for the fourth quarter of this year, subject to the approval of the SFC.
- Block Trading Facility, Status on 15 June: HKEx is working on rule changes to enable block trading by derivatives market participants., Status on 13 September: HKEx intends to introduce a block trading facility for derivatives market participants, which would extend its services to OTC or over-the-counter market users. HKEx is reviewing its rules and procedures in relation to block trading and will seek regulatory approval in the near future. The introduction of the block trading facility is tentatively planned for the fourth quarter of this year.
- Derivatives based on Hong Kong Exchange Fund Notes, Status on 15 June: HKEx is exploring the introduction of derivatives based on Hong Kong Exchange Fund Notes., Status on 13 September: HKEx is consulting the market regulator on the introduction of a physically delivered futures contract on 3-year Hong Kong Exchange Fund Notes. It would be HKEx's first bond futures contract. The launch is tentatively planned for the fourth quarter of this year.
- Integration of Derivatives Clearing, Status on 15 June: HKEx is seeking to integrate its derivatives market infrastructure, Status on 13 September: Derivatives trading was integrated on 6 August. HKEx plans to integrate derivatives clearing on the new Derivatives Clearing and Settlement System, or DCASS, which is scheduled to be introduced in mid-2002.
