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What role does the issuer play in warrants?
In terms of warrants, in addition to the role of issuing warrants, the issuer also acts as a market maker for covered warrants. The issuer as a market maker needs to provide at least one purchase price, so the liquidity of covered warrants is stronger than equity warrants. The Hong Kong Stock Exchange stipulates that the covered warrant liquidity provider shall input the covered warrant liquidity orders and conduct transactions for the covered warrant that it acts as the agent of the issuer in the account of the covered warrant issuer or the joint account of the issuer. Covered warrant
Circulation orders can only be entered into the system during the continuous trading period.
(Ge Xinyuan, Guosen Securities Economic Research Institute)
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Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
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