HKEX Welcomes its First Listing of Two-Time Inverse Product

HONG KONG,May 28,2019 -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome today (Tuesday) its first listing of a two-time Inverse Product,the CSOP Hang Seng IndexDaily (-2x) Inverse Product(stock code: 7500).

An Inverse Product,also known as an Inverse Exchange Traded Fund (ETF),is designed to provide daily investment results of up to 200 per cent of the inverse performance of its underlying benchmark,before fees and expenses.The increase in the leverage multiple on Inverse Products to a maximum of negative two times from negative one time will allow investors to potentially capture higher returns during a market decline.

"The listing of the first two-time Inverse Product on HKEX represents a significant progress in the development of Hong Kong's Leveraged and Inverse Products market," said Brian Roberts,Head of Exchange Traded Products (ETPs) at HKEX."Our emphasis on enriching our product mix aligns with the growth focus in HKEX's latest Strategic Plan-- to develop Hong Kong as the hub for ETPs in Asia."

Since the first listing of Inverse Products in Hong Kong in June 2016,the market capitalisation of Inverse Products has grown to HK$5.96 billion as of 27 May 2019,accounting for 1.96 per cent of the total market capitalisation of ETPs listed in Hong Kong.Year to date as of 27 May 2019,the Average Daily Turnover (ADT) of Inverse Products has reached HK$234 million,accounting for 4.77 per cent of the total ADT of all Hong Kong-listed ETPs.

Further information on Inverse Products is available on HKEX's ETP web page (https://www.hkex.com.hk/Products/Securities/Exchange-Traded-Products/Overview?sc_lang=en).

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 ClearLimited. 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