HKEX to Launch Derivatives Product on New MSCI China A 50 Connect Index
HKEX signs licensing agreement with MSCI to launch futures contract based on MSCI China A 50 Connect Index, tracking performance of 50 Shanghai and Shenzhen stocks available via Stock Connect
- HKEX signs licensing agreement with MSCI to launch futures contract based on MSCI China A 50 Connect Index, tracking performance of 50 Shanghai and Shenzhen stocks available via Stock Connect
HONG KONG, Aug. 20, 2021 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX)today ispleased to announce the launch of its first A-share derivatives product. - HKEX has entered into a new license agreement with MSCI, a leading provider of mission critical decision support tools and services for the global investment community, to launch a futures contract based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.
- The index comprises 50 Stock Connect eligible underlyings and historically has a high correlation to the performance of main MSCI A-share indices.
- 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.