HONG KONG, Jan 19 (Bernama-BUSINESS WIRE) — Hong Kong’s largest leveraged and inverse products (L&I products) issuer¹, CSOP Asset Management Limited (“CSOP”) is proud to announce the listing of the CSOP FTSE China A50 Index Daily (2X) Leveraged Product (ticker: 7248.HK) and the CSOP FTSE China A50 Index Daily (-1X) Inverse Product (ticker: 7348.HK) on the Hong Kong Stock Exchange on 20 January, 2021. 7248. HK and 7348.HK will apply a swap-based synthetic replication strategy to achieve the respective investment objectives. 7248.HK will provide investment results closely corresponding to twice (2x) the daily performance of the FTSE China A50 Index while 7348.HK will provide investment results closely corresponding to inverse (-1x) daily performance of the FTSE China A50 Index, both excluding costs and expenses. With listing prices around HKD 7.75 and trading lot size of 100, the entry investments of 7248.HK and 7348.HK are approximately HKD 775 respectively.
Following the CSI300 leveraged & inverse products launched in last July, 7248.HK and 7348.HK provide more choices for investors who intended to gain short-term China A-shares exposures, especially to the big blue chips. Extensively tracked by a large scale of financial products and instruments in China overseas market, FTSE China A50 index investing in the 50 largest China A-shares was long known as one of the most representative China A-shares indices to international investors because of its sound index ecosystem. The ETF tracking FTSE China A50 index in Hong Kong is more than HKD 30 billion,² while the average daily turnover of FTSE China A50 futures listed on SGX is 297,270 lots.³ The launch of the FTSE China A50 Index tracking L&I products will not only enrich the product offerings around FTSE China A50 Index but also provide investors, especially China A50 investors, with tools to amplify or hedge in an easy way.