OREANDA-NEWS. July 09, 2012. The Bank of East Asia (“BEA”) announces that it has become the first independent local bank in Hong Kong to issue Callable Bull/Bear Contracts (“CBBCs”) on equities listed on the Stock Exchange of Hong Kong (“SEHK”), reported the press-centre of BEA. 

Initially, BEA will focus on issuing CBBCs on listed equities with relatively large market capitalisation on the SEHK. BEA’s CBBCs will be offered at a competitive bidask spread, giving investors the opportunity to enjoy the potential investment advantages under disparate market conditions.

“We are pleased to announce that BEA has become one of the few issuers of CBBCs in Hong Kong, which represents another important milestone of the Bank in its investment product offerings. We will continue to expand our investment products to meet customers’ demand,“ says Mr. Samson K.C. Li, BEA’s Deputy Chief Executive & Chief Investment Officer.

“BEA has recorded sustained business growth since its launch of derivative warrants in January 2011. We are confident that the newly issued CBBCs will further enhance our Bank’s non-interest income,” he adds.

In addition to the new CBBCs, BEA offers an extensive range of investment products to customers including Derivative Warrants, Equity Linked Deposits, Currency Linked Deposits, and Basket Equity Linked Deposits.