Mainland stock index futures to boost Hong Kong ETF and derivative products

April 15 Afternoon news on the eve of the mainland Shanghai and Shenzhen 300 stock index futures, the Hong Kong fund industry held a wait-and-see attitude, but linked to the Shanghai and Shenzhen 300 and other mainland stocks of ETF trading volume soared.　　Derivatives industry insiders said the listing of mainland stock index futures will lead to the emergence of a variety of new derivatives in the Hong Kong market. The introduction of stock index futures in the mainland, Hong Kong investors, although there is no channel to participate, but did not ignore this investment opportunity, directly linked to the Shanghai and Shenzhen 300 index "Chi-Zhi Shanghai 300ETF" (2827.HK) yesterday turnover of more than 4.2 million shares, compared to the past 10 trading days greatly increased several times,　　One of the big-hand deals involved 3.53 million shares involving HK $124 million.　　The data also show that the subscription warrants for the "ishares Xinhua A50ETF" (2823.HK), which tracks the mainland index, has recorded an inflow of more than HK $30 million in consecutive 8th. The ABN AMRO Bank today launched 3 linked to the first stock index futures contracts listed in the mainland, including 2 for the subscription card and 1 for the warrant card, in conjunction with the Stock Exchange Certificate of 300ETF (02827).　　Jose Groun, director of the Equity derivatives division, said that because of the marked wisdom of the Shanghai 300ETF trading volume increased significantly, do not rule out the demand for turnover in the HKEx, will launch the Shanghai and Shenzhen 300 index-related bull Bear certificate. He said that Hong Kong's full complement of derivative products and all Hong Kong dollar transactions would facilitate investors to invest indirectly in the mainland market.　　He also expects that, in addition to the listed products, the OTC trading in the Shanghai and Shenzhen 300 and the FTSE A50 index futures will also rise. However, the local fund industry is more cautious about investment index futures products, some fund managers believe that the stock index futures will pull down the A-share market. "We are open to future investment in mainland stock index futures," said Richard Coghlan, director of investment in Hong Kong, Golen, who told Sina Finance that the initial volatility of the stock index futures would be considerable. But he also pointed out that Schroeder in the past has always been through QFII investment in the mainland stock market, the vast majority of Shanghai and Shenzhen 300 index futures covered by the weight of the investment. (Peng from Hong Kong)