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HKEX Enhances Product Offering with Budweiser Debut

Products
24 Sep 2019
  • Budweiser Futures and Options to be introduced on 30 September
  • HKEX informed issuers they can list derivative warrants on Budweiser shares when the shares debut on HKEX’s securities
  • Budweiser shares to be included in Designated Securities Eligible for Short Selling on 30 September

 

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) that it will offer investors more options on Budweiser Brewing Company APAC Limited  (Budweiser, stock code:1876) shares on the debut date (30 September 2019).

The following products with Budweiser shares as the underlying asset will be available in HKEX markets:

(1) Budweiser Futures and Options 

Budweiser Futures and Options will be introduced on 30 September 2019, subject to the listing of the Budweiser shares at HKEX on that date.

Selected Details of Budweiser Futures and Options

 
Contract Multiplier (Futures)/
Contract Size (Options)
(Shares)
Stock Futures Contract
Months Available for Trading
on 30 September 2019
Stock Options Contract
Months Available for Trading
on 30 September 2019
 
1,000
Oct, Nov, Dec 2019, Mar and Jun 2020
 Oct, Nov, Dec 2019, Jan, Mar, Jun and Sep 2020

For further details, please see the Futures and Options circulars issued today and the Product section of the HKEX website. 

(2) Listing of Budweiser Derivative Warrants

HKEX informed issuers they can list derivative warrants on Budweiser shares when the shares debut on HKEX’s securities market.

Please refer to the issuers’ announcements for further details of the warrants.   

Inclusion of Budweiser Shares in Designated Securities for Short Selling

Budweiser shares will also be included in HKEX’s designated securities eligible for short selling on 30 September, subject to the listing of the Budweiser shares at HKEX on that date.

For details of short selling at HKEX, please see the Services section of the HKEX website.

 

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets.  HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.

HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited.  This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, in China, in 2018.

HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.

www.hkexgroup.com

 

 

Ends

Updated 07 May 2020