Societe Generale Debuts US Equity Indices CBBCs on Hong Kong Stock Exchange
Societe Generale is pleased to announce the issuance of callable bull/bear contracts (CBBCs) linked to major US indices including the S&P 500, NASDAQ-100, and Dow Jones Industrial Average Indices, and currently being the only issuer in the market that offers CBBCs with exposure to US equities.
The new CBBCs, which were listed for trading on the Hong Kong Stock Exchange on 14 September 2022, provide investors with an even broader spectrum of investment choices to gain exposure to the US market during local trading hours.
Keith Chan, Head of Cross Asset Listed Distribution for Global Markets in Asia Pacific at Societe Generale, said, “The increasing volatility in the recent stock markets has certainly called for more choices of trading products for investors who are looking to diversify their portfolio under different market conditions. The newly-listed CBBCs enable local investors with varying risk appetites to broaden their access to one of the world’s biggest economies.”
As a long-established issuer in Hong Kong’s listed structured products market, Societe Generale dominated the CBBC market share at 18% by turnover (HK$396 billion) and 21% by issuance (9,007) in FY2021.
“With over 30 years of experience as one of the world’s largest issuers of listed products, Societe Generale will continue to introduce innovative products to the market by expanding and enriching our offering, as well as educating clients, and improving their user experience in the region,” added Chan.
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