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Derivatives

ABN, JPMorgan Ready China 'A' Share Debuts

ABN AMRO and JPMorgan are looking to add their names to the list of players offering derivatives referenced to Chinese 'A' shares.

ABN AMRO and JPMorgan are looking to add their names to the list of players offering derivatives referenced to Chinese 'A' shares. JPMorgan received its license late last year and officials at the firm said they expect to issue products in the coming months. ABN is in the process of applying for a license.

"We hope to obtain QFII status as soon as possible and then offer participation products," said Anthony Wah, head of marketing for Asian equity derivatives at ABN in Hong Kong. He continued that ABN will begin offering plain vanilla synthetic access products and then start structuring 'second stage' instruments, such as structured notes. It is likely to issue the second generation of products later this year.

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).

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