After lukewarm trading in 2012, warrant issuance in Hong Kong is expected to increase this year as capital flows into the equity market in the wake of the mainland economic recovery.
Warrant transactions fell 37 per cent year on year to HK$6.6 billion per day last year while the trading volume of the overall stock market in Hong Kong fell 22 per cent to HK$53.7 billion daily.
"The sluggish market has made issuers reluctant to issue new warrants as the volatility is too low," said Edmond Lee, the director of global equity flow of Societe Generale Securities (Hong Kong).
via Business feed http://www.scmp.com/business/money/markets-investing/article/1122444/warrant-demand-rise-year
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