Core Viewpoint - The introduction of leveraged and inverse products for individual stocks on the Hong Kong Stock Exchange marks a significant development for Asian investors, providing new trading and hedging opportunities for popular U.S. stocks [1][2]. Group 1: Product Overview - The newly launched leveraged and inverse products allow investors to trade or hedge popular U.S. stocks during Asian trading hours, enabling them to respond flexibly to post-market news [2][3]. - The first batch of nine products is linked to five popular U.S. stocks: Nvidia, Tesla, Coinbase, MicroStrategy, and Berkshire Hathaway [4]. Group 2: Market Context - The U.S. market has seen significant growth in leveraged and inverse products since their introduction in 2022, with 349 products and a total management asset size of approximately $121.9 billion as of February 28, 2025 [5]. - The top 10 products account for about 59% of the total market, indicating a high concentration [5]. Group 3: Investor Demographics - Approximately 75% of holders of leveraged and inverse products in the U.S. are retail investors, while 25% are institutional investors [8]. Group 4: Product Features and Advantages - These products do not require margin deposits, making them accessible to individual investors. They are simpler to operate compared to options, with lower costs and controlled risks [9]. - The annual management fee for these products is set at 1.6%, which is higher than traditional index ETFs but does not incur stamp duty in the secondary market [12]. Group 5: Future Developments - The company plans to expand its product line based on investor demand and market feedback, aiming to include more popular stocks from the U.S. and other regions [13].