Hong Kong’s exchange was cleared to start offering long awaited A share index futures contracts, giving global investors a new tool to hedge China risk.
Hong Kong Exchanges & Clearing Ltd. said on Friday it had signed an agreement with MSCI Inc. to launch futures contract based on the MSCI China A 50 Connect Index, tracking performance of 50 Shanghai and Shenzhen stocks available via Stock Connect. The product will be launched on Oct. 18, according to a statement.
– Bloomberg