HONG KONG, July 24 (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 CSI 300 Index Daily (2X) Leveraged Product (ticker:7233.HK) and CSOP CSI 300 Index Daily (-1X) Inverse Product (ticker:7333.HK) on the Hong Kong Stock Exchange on 27 July , 2020. 7233.HK and 7333.HK will apply a swap-based synthetic replication strategy to achieve the respective investment objectives. 7233.HK will provide investment results closely corresponding to twice the daily performance of the CSI 300 Index while 7333.HK will provide investment results closely corresponding to inverse of the daily performance of the CSI 300 Index, both excluding costs and expenses. Both priced at HKD 7, 7233.HK and 7333.HK will trade with lot size of 100, and the entry investment is approximately HKD 700. As the first batch of China A-shares L&I products in Hong Kong, 7233.HK and 7333.HK have attracted about USD270 million initial investment upon inception in total.
China A-shares is the second largest equity market in the world after US equity market with size of RMB 64.9 trillion. Whereas, the relevant financial derivative tools in China offshore market are limited which refrained investors from investing into China A-shares. Though there are China A-shares L&I products listed in the US and other Asian regions, trading time difference and market accessibility constrained the investment to these China A-shares L&I products. However, the introduction of China A-shares L&I products in Hong Kong by CSOP will enable global investors to gain leveraged performance as well as to hedge the downside risks of China A-shares in an easy and efficient manner.