Delisting of products due to US sanctions will not affect HK market: HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) said on Sunday (Jan. 10) that the decision to delist some structured products by some issuers, as a direct result of the U.S. imposed sanctions, will not have a material adverse impact on Hong Kong's structured products market, the largest in the world with over 12,000 listed products.

HKEX said it is working closely with the relevant issuers to ensure orderly delisting, and facilitate buyback arrangements being arranged by the issuers. HKEX will continue to monitor developments.

According to HKEX, Hong Kong's market remains robust, resilient and competitive, evidenced by consistently strong market trading volumes and the IPO pipeline. HKEX is fully committed to further enhancing the role as the global markets leader in the Asian time zone.

(Source: Xinhua)