Bank of East Asia starts offering derivative warrants
The lender committed to launching new investment products to keep pace with market developments and to enhance non-interest income.
The Bank of East Asia (BEA) has launched derivative warrants on equities listed on the Stock Exchange of Hong Kong.
BEA said initially it will mainly focus on issuing derivative warrants on the constituent stocks of the Hang Seng Index (HSI) and Hang Seng China Enterprises Index (HSCEI).
BEA said its derivative warrants will be offered at a competitive bid-ask spread, to give investors the opportunity to enjoy the potential investment advantages under disparate market conditions.
BEA deputy CEO & chief investment officer Samson Li said over the years, BEA has been committed to launching new investment products in order to keep pace with market developments. The issuance of derivative warrants marks a significant milestone in the bank's history.
"We believe that these products will further enhance our non-interest income," Li said.
View the full story in Banking Business Review.