HONG KONG -- Trading in Hong Kong Exchanges and Clearing's new mainland China equity derivatives has almost quadrupled in the four days since their launch, pointing to investors' thirst to hedge their exposure to shares listed on the world's second-largest stock market.
The China A50 Connect futures contract, which ends Singapore Exchange's monopoly on offshore China stock derivatives, debuted on Oct. 18 with the highest first-day trading by value of any futures contract from the HKEX, the world's most valuable exchange.