HKEX says structured product cuts will not hurt the market

Photographer: Roy Liu / Bloomberg

Hong Kong Exchanges and Clearing Ltd. said the planned delisting of certain structured products following US sanctions would not hurt the market, according to a Sunday statement.

“We do not believe this will have a significant negative impact on the Hong Kong structured products market, the largest in the world with more than 12,000 listed products,” the exchange said.

HKEX “works closely with relevant issuers to ensure orderly delisting and facilitate repurchase agreements” by issuers. The exchange will continue to follow developments.

“HKEX’s markets remain robust, resilient and competitive, as evidenced by the consistently high market trading volume and IPO pipeline,” the statement said.