ABN AMRO is planning to offer market access derivatives linked to Chinese 'A' shares on the back of receiving initial approval from regulators last week. "The growth story is still there," said Anthony Wah, head of marketing for Asian equity derivatives at ABN in Hong Kong.
The firm recently obtained initial clearance to enter the 'A' share market after applying earlier this year (DW, 2/15) and expects to begin trading within the next month or so. Wah continued ABN will soon start marketing the so-called access products, which are referenced to the underlying equity shares, to international clients.
The market in derivatives referenced to 'A' shares started last year when Citigroup, Nomura Securities and UBS received the first batch of licenses to trade the domestic shares (DW, 6/15/03).
