Story perspectives
Hong Kong's Structured Products Market Surges Past Japan, Korea
11/10/2025
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Story summary
- Hong Kong's market for structured products linked to equities rises, surpassing Japan and Korea, per JPMorgan Chase & Co.
- Alibaba and Tencent drive growth, with about $11 million of vega per month in 2025.
- China's policy changes and higher volatility have raised demand for these products.
- Regulatory tightening in Japan and Korea shifts volatility toward Hong Kong, and JPMorgan expects the trend to continue into 2026 with new listings.
