香港证监会优化单日杠杆及反向产品的监管框架以确保市场有序交易

Odaily Planet Daily News The Hong Kong Securities and Futures Commission (SFC) today issued a revised circular stating that leveraged and inverse products whose capacity is highly affected by market changes will be required to adopt a flexible leverage structure. Under this structure, the leverage ratio can be adjusted daily within the existing caps (i.e., 2x for leveraged products and -2x for inverse products). Therefore, product providers can lower the target leverage ratio of such products when necessary, thereby providing greater capacity to manage the products during periods of high trading volume. The leverage ratio of such products for the next trading day will be disclosed after the daily market close. The potential daily adjustment of the leverage ratio also helps deepen investors' understanding that leveraged and inverse products are single-day products, reminding them that such products are not suitable for holding for more than one day. (Hong Kong Securities and Futures Commission)