HKEx Expands Number of Stocks Eligible for CBBC Issuance
Market Operations
17 Nov 2006
Hong Kong Exchanges and Clearing Limited (HKEx) today announces that the number of Hong Kong stocks eligible for Callable Bull/Bear Contracts (CBBC) issuance will be expanded from the current five to 28.
Approved issuers of structured products will be permitted to list CBBC on the shares of the following 28 companies with immediate effect up to the end of the year:
|
Stock Code |
Name of company |
|
*00005 |
HSBC Holdings plc |
|
02628 |
China Life Insurance Co. Ltd. - H Shares |
|
*00941 |
China Mobile Ltd. |
|
00939 |
China Construction Bank Corporation - H Shares |
|
*00857 |
PetroChina Co. Ltd. - H Shares |
|
03988 |
Bank of China Ltd. - H Shares |
|
*00013 |
Hutchison Whampoa Ltd. |
|
02388 |
BOC Hong Kong (Holdings) Ltd. |
|
00883 |
CNOOC Ltd. |
|
00386 |
China Petroleum & Chemical Corporation - H Shares |
|
00016 |
Sun Hung Kai Properties Ltd. |
|
*00001 |
Cheung Kong (Holdings) Ltd. |
|
00388 |
Hong Kong Exchanges and Clearing Ltd. |
|
03968 |
China Merchants Bank Co., Ltd. - H Shares |
|
03328 |
Bank of Communications Co., Ltd. - H Shares |
|
00330 |
Esprit Holdings Ltd. |
|
02600 |
Aluminum Corporation of China Ltd. - H Shares |
|
00728 |
China Telecom Corporation Ltd. - H Shares |
|
02318 |
Ping An Insurance (Group) Co. of China Ltd. - H Shares |
|
00019 |
Swire Pacific Ltd. 'A' |
|
00494 |
Li & Fung Ltd. |
|
01088 |
China Shenhua Energy Co. Ltd. - H Shares |
|
02038 |
Foxconn International Holdings Ltd. |
|
00688 |
China Overseas Land & Investment Ltd. |
|
00004 |
Wharf (Holdings) Ltd., The |
|
00011 |
Hang Seng Bank Ltd. |
|
00003 |
Hong Kong and China Gas Co. Ltd., The |
|
00012 |
Henderson Land Development Co. Ltd. |
In order of turnover value from July to September 2006
*Underlying stocks eligible for CBBC issuance since the rollout of the CBBC market in June 2006
The two criteria used to determine a stock’s eligibility are as follows:
| i |
The stock must be among the top 30 stocks with highest turnover value for the previous three-month period; and
|
| ii |
The capitalisation of the stock’s public float must be at least $10 billion. |
HKEx believes broadening the list of eligible underlying stocks for CBBC issuance will enhance the choice available to investors and enable them to invest in the instruments in a well regulated and transparent market.
CBBC investments involve high risks; investors are advised to have a thorough understanding of the terms and conditions of the products offered and to consult their brokers or professional investment advisers before trading in the products.