The market of derivatives on the Hong Kong Exchanges and Clearing Limited Cover Image

Pochodne instrumenty finansowe notowane na Hong Kong Exchanges and Clearing Limited
The market of derivatives on the Hong Kong Exchanges and Clearing Limited

Author(s): Slawomir Antkiewicz
Subject(s): Politics / Political Sciences, Social Sciences
Published by: Wydawnictwo Uniwersytetu Jagiellońskiego

Summary/Abstract: The paper presents the market of derivatives in Hong Kong. The constantly expanded, wide and standardized offer of derivatives increased its attractiveness and is attracting local and foreign investors. Among the range of quoted derivatives on the Hong Kong Exchanges and Clearing Limited, we can distinguish a lot of financial and a few commodity products.At the end of April 2020 on the HKEX foreign exchange contracts (seven futures and one option), two futures based on interest rate and four futures based on the price of commodities were listed. Hong Kong Exchanges and Clearing Limited is on the first place in the offer of stock index contracts (eighty futures and one hundred one options) and single stocks (twelve futures and six options).In spite of their complex and complicated form, derivatives are gaining more and more popularity on the Hong Kong Exchanges and Clearing Limited. Data from stock exchange market regarding derivatives trading showed the strong upward trend and the large interest from investors. The rapidly developing economy of Hong Kong is requiring more and more new hedging methods, which favours the extension of stock exchange offers with derivatives. The Hong Kong Exchanges and Clearing Limited achieves above-average turnover and increases in derivatives in terms of quantity. Additionally, the specific economic system of Hong Kong, which is quite different than in China is creating the growth of interest among investors as well as futures and options. The confirmation for this is the growth of turnover and the number of open positions.

  • Issue Year: 2020
  • Issue No: 17
  • Page Range: 186-199
  • Page Count: 14
  • Language: Polish