Transaction introduction
Trading Rules
Order Type
Warrants/CBBC
Grey Market
ETF
What are the ETFs and why invest in them
What are the advantages of ETF
How does the ETF track the performance of the underlying index
Is there a risk of tracking error in ETFs, and how is it generated
How is the bid/ask price of an ETF determined
Will I receive the dividends if I hold the ETF
Do I need to pay management fees for investing in ETFs
HK Options
Hong Kong International Airport Retail Bonds
Block trade
The trading price of an ETF should be very close to its reference NAV. However, the trading price of an ETF is influenced by market supply and demand and may differ from the reference NAV. Excessive demand may cause the ETF to trade at a price higher than the reference NAV and vice versa. When the trading price is above its reference NAV, there is a premium. Conversely, when the trading price is below its reference NAV, there is a discount.