Technology

Asia’s First Single Stock Leveraged & Inverse Products to Debut on HKEX

Published

2 years ago

March 24, 2025

HONG KONG, March 24, 2025 /PRNewswire/ — CSOP Asset Management Limited (CSOP), the largest Leveraged & Inverse Products (L&I products) issuer in Hong Kong, is proud to announce the listing of Asia’s first batch of 9 single stock L&I products on Hong Kong Stock Exchange (HKEX) on 24th March 2025, providing investors with convenient trading or hedging tools for popular US stocks during Asia trading hours.

Single Stock L&I products

HKD counter

USD counter

CSOP NVIDIA Daily (2x) Leveraged Product

7788.HK

9788.HK

CSOP NVIDIA Daily (-2x) Inverse Product

7388.HK

9388.HK

CSOP Tesla Daily (2x) Leveraged Product

7766.HK

9766.HK

CSOP Tesla Daily (-2x) Inverse Product

7366.HK

9366.HK

CSOP Coinbase Daily (2x) Leveraged Product

7711.HK

9711.HK

CSOP Coinbase Daily (-2x) Inverse Product

7311.HK

9311.HK

CSOP MicroStrategy Daily (2x) Leveraged Product

7799.HK

9799.HK

CSOP MicroStrategy Daily (-2x) Inverse Product

7399.HK

9399.HK

CSOP Berkshire Daily (2x) Leveraged Product

7777.HK

9777.HK

The batch of single stock L&I products use swap-based synthetic replication strategy to track two times the daily performance and the inverse of two times the daily performance (before fees and expenses) of the underlying stock. Each product has a listing price of approximately HKD 78 per unit, a trading lot of 10 units, and a management fee of 1.6% of the product’s Net Asset Value (NAV) per year.

Single stock L&I products are a type of derivatives product traded on the stock exchange, specifically designed for short-term trading or hedging. Single stock L&I products are a sub-set of L&I products, which aim to deliver a daily return equivalent to a multiple of a single stock’s daily price return.

Single stock L&I products, launched in Europe in 2018, surged in popularity after their rollout in the U.S. in 2022. From 2022 to 2024, the asset under management (AUM) of single stock L&I products in the U.S. grew by 4,655% from USD 379 million to USD 18 billion[1]. In 2024, the U.S. single stock L&I products attracted massive inflow about USD 12 billion, with average daily turnover (ADT) of USD 4.3 billion, which reflects strong investor demand and underscores the growth potential of their launch in Asia[2].

The launch of CSOP single stock L&I products on HKEX signifies Hong Kong’s position as the first market in Asia to embrace such products. It allows Asian investors to react to the U.S. after-hours news (e.g. earnings, macro policy shifts) during Asia trading hours.

Since the launch of L&I products in Hong Kong in 2016, CSOP has consistently been a pioneer and innovator in the L&I products space. As of December 31, 2024, CSOP has dominant market shares of 98% in the L&I products area by AUM[3] and 99.5% by ADT[4]. Hong Kong L&I products AUM reached HKD 25.3 billion by the end of 2024 and contributed 15.3% of ADT in Hong Kong ETP market last year[5].

Ms. Ding Chen, CEO of CSOP Asset Management, is pleased to announce the listing of 9 single stock L&I products. She states, ” CSOP is committed to offering a diverse range of investment products, with L& I products playing a vital role. The new single stock L&I products offer opportunities to capitalize on short-term fluctuations in the high-profile U.S. companies.”

About CSOP

For over a decade, CSOP has successfully established itself as one of the leading ETF issuers in Hong Kong, with second largest AUM and demonstrated innovative product development. As of 31 December 2024, the total AUM of CSOP reached USD19.8 billion by building a healthy ETF ecosystem and managing 47 ETPs and 3 mutual funds in Hong Kong and Singapore markets, representing a significant annual increase of 34.3%*. In 2024, 5 out of the top 10 most actively traded ETFs/ETPs in Hong Kong are managed by CSOP**.

Since the introduction of Leveraged & Inverse (L&I products) products in Hong Kong in 2016, CSOP has established itself as a leading innovator within this space. As of December 31, 2024, CSOP commands a substantial market share of 98% in the L&I products sector by Assets Under Management (AUM) and 99.5% by Average Daily Turnover (ADT)***. By the end of 2024, the AUM of L&I products in Hong Kong reached HKD 25.3 billion, contributing 15.3% of the ADT in the Hong Kong Exchange Traded Products (ETP) market for the past year****.

*Source: CSOP

** Source: Bloomberg, from 2024/1/1 to 2024/12/31

***Source: Bloomberg, AUM is as of 2024/12/31, ADT is from 2024/1/1 to 2024/12/31

****Source: Bloomberg, AUM is as of 2024/12/31, ADT is from 2023/12/31 to 2024/12/31

Disclaimer and Important Notices

NONE OF THE SUB-FUNDS (“SUB-FUNDS”) MENTIONED IN THIS DOCUMENT, CSOP LEVERAGED AND INVERSE SERIES AND CSOP ASSET MANAGEMENT LIMITED (“CSOP”) ARE AFFILIATED WITH THE CORRESPONDING COMPANIES OF THE UNDERLYING SECURITIES OF THE SUB-FUNDS (THE “CORRESPONDING COMPANIES”).

The Corresponding Companies do not sponsor or endorse the offering of the Sub-Funds, nor are they involved with the Sub-Funds in any way. Investing in the Sub-Funds is not equivalent to investing in the Corresponding Companies. Investors have no ownership rights in the Corresponding Companies. Investors in the Sub-Funds will not have voting rights and will not be able to influence management of the Corresponding Companies but will be exposed to the performance of the relevant securities of the Corresponding Companies.

The Sub-Funds are authorized by the Securities and Futures Commission (“SFC”) in Hong Kong. Such authorization does not imply any official recommendation by the SFC. This document is for general information only and does not constitute any kind of advice in any way and shall not be considered as an offer or solicitation to deal in any investment products. If you wish to receive advice on investment, please consult your professional legal, tax and financial advisers.

Investment involves risks. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. This document is not applicable in jurisdictions where the distribution of this document is restricted.

This document is not legally binding. CSOP takes no responsibility for the contents of this document and expressly disclaim any liability for any loss arising from or in reliance upon the whole or any part of the contents of this document. Any information or any part of this document should not be copied, reproduced, or distributed to any parties without the written consent of CSOP.

The Sub-Funds are leveraged and inverse products. They are different from conventional exchange traded funds.Each of the Sub-Funds is concentrated in a single underlying stock. Given the non-diversified and leveraged and inverse nature, the Sub-Funds are subject to extreme price volatility and may become non-viable within a short period. The Sub-Funds only targets sophisticated trading-oriented investors who understand the potential consequences of seeking daily leveraged or inverse results.

The Sub-Funds are not intended for holding longer than one day as the performance of the Sub-Funds over a longer period may deviate from and be uncorrelated to the leveraged or inverse performance of the underlying stocks over the period.The Sub-Funds are designed to be used for short term trading or hedging purposes, and are not intended for long term investment.

This document is prepared and issued by CSOP and has not been reviewed by the SFC in Hong Kong.

[1] Source: Bloomberg
[2] Source: Bloomberg, as of 2024/12/31
[3] Source: Bloomberg, as of 2024/12/31
[4] Source: Bloomberg, 2024/1/1 to 2024/12/31
[5] Source: Bloomberg, AUM is as of 2024/12/31, ADT is from 2023/12/31 to 2024/12/31

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/asias-first-single-stock-leveraged–inverse-products-to-debut-on-hkex-302407858.html

SOURCE CSOP Asset Management

Technology

America’s Largest Political Group Is Getting Its Own Election Night

Published

39 minutes ago

October 26, 2026

A record 45% of Americans identify with neither party. On November 3, they get the first nationally televised Election Night built around the independent voter bloc, presented by United Independents, the organization behind the Independent National Convention, in partnership with DeFiance Media.

WASHINGTON, Oct. 26, 2026 /PRNewswire/ — Can the country’s largest bloc of voters turn identity into representation? Independents now make up 45% of U.S. adults, a record high in Gallup’s 2025 data, yet partisan coverage continues to dominate mainstream mediums. On November 3, one broadcast will cover the election from the Independent point of view.

Broadcast live from the National Press Club’s television studio in Washington, D.C. Election Night 2026: Independent Edition is an eight-hour program hosted by Christopher Life, founder and CEO of United Independents, and Macy Gunnell, NewsForce’s White House correspondent. DeFiance Media will be producing and streaming the broadcast.

Built on live election data from The Associated Press (AP), the program will call the national races as the returns come in. Then it goes where other broadcasts don’t: race-by-race coverage of independent candidates in consequential congressional contests, and guest conversations with the strategists and organizers behind them.

Built for the Voters Both Parties Are Chasing

Two generations of Americans have come of age as independent voters, and in 74 years of nationally televised Election Night broadcasts, not one has been built around them. This one is: national results and the balance of power, dedicated coverage of the independent candidates who could tip the next Congress, and a live chat with selected viewer questions put to the hosts and guests on air.

Open to Every Newsroom

Television pool feed. U.S. television outlets, including local stations, can carry the program live, in full or in part, separate from DeFiance Media’s full-program streaming.Social streaming. The broadcast streams through participating social media partners. Channels that want to carry it can sign up at Election2026.live.Live clips and excerpts. Newsrooms, commentators, and creators can pull portions of the program for reporting and social distribution while the broadcast is underway.

Request access through the Media & Distribution Access Form at Election2026.live.

Free and Accessible Nationwide

Going live Tuesday, November 3rd, 2026, from 6 PM- 2 AM ET. Updates, guest announcements, and viewing instructions: Election2026.live.

Media Contact

Shaun Saunders
shaun@graffiticreativegroup.com

View original content:https://www.prnewswire.com/news-releases/americas-largest-political-group-is-getting-its-own-election-night-302919753.html

SOURCE DeFiance Media

Technology

Pianist Michael Weinstein Wins Best Social Media Music Collaborations at the 2026 Vega Awards

Published

39 minutes ago

October 26, 2026

With more than a million followers across social media, Weinstein’s piano collaborations bring together vocalists from around the world to create unique musical performances and reach new audiences.

SOUTH SALEM, N.Y., Oct. 26, 2026 /PRNewswire-PRWeb/ — Pianist, entrepreneur and social media creator Michael Weinstein has been recognized at the 2026 Vega Digital Awards in the Social Media Collaboration category for his music collaboration series, Piano Sessions: Bringing Voices Together Through Music.

“I love collaborating with talented singers including building friendships that have become just as meaningful as the music itself.”

Weinstein has built a social media audience of more than a million followers across TikTok, Instagram and other platforms by sharing piano performances and collaborations with singers from around the world. His videos feature vocalists performing alongside his piano accompaniment, creating intimate musical performances that showcase each artist’s individual talent and style.

While Weinstein has spent much of his professional career building businesses and marketing consumer brands, music has always remained one of his greatest passions.

“Music has always been a huge part of my life and one of the things I enjoy most is collaborating with other musicians,” said Weinstein. “I’ve had the opportunity to work with so many incredibly talented singers and I love being able to play alongside them and create something special together. It’s also rewarding to introduce these artists to new audiences while building relationships and friendships that have become just as meaningful as the music itself.”

An accomplished pianist and keyboardist, Weinstein has collaborated with an impressive range of vocalists, including artists who have performed and recorded with Maroon 5, Sting, John Legend, Alicia Keys, Usher, Lauryn Hill and Jill Scott. He has also collaborated with standout performers from American Idol, America’s Got Talent and The Voice.

Weinstein is also planning a live concert in New York City in 2027, bringing together several of the talented vocalists featured on his social media channels for a special collaborative performance. Additional details will be announced in the coming months.

Outside of music, Weinstein is the Founder and CEO of JAM Direct, a marketing and advertising agency, and former Chief Marketing Officer of Allstar Products Group, where he was responsible for marketing some of the most successful products in “As Seen On TV” history, including the Snuggie, ShamWow and Shake Weight.

Watch Michael Weinstein’s performances here:

https://linktr.ee/mweinsteinmusic

About the Vega Digital Awards

The Vega Digital Awards is an international competition recognizing excellence in social media, digital marketing and brand strategy. Judged by the International Awards Associate (IAA), the competition honors work that demonstrates innovation, effectiveness and measurable impact across the global marketing landscape.

Media Contact

Michael Weinstein, JAM Direct, 1 9146610053, mw@jamdirect.com, https://michaelweinstein.me/

View original content to download multimedia:https://www.prweb.com/releases/pianist-michael-weinstein-wins-best-social-media-music-collaborations-at-the-2026-vega-awards-302919551.html

SOURCE JAM Direct

Technology

Landis+Gyr Secures Major Contract with Leading US Utility

Published

2 hours ago

October 26, 2026

CHAM, Switzerland and ALPHARETTA, Ga., Oct. 26, 2026 /PRNewswire/ — Landis+Gyr Group AG (SIX: LAND), a global energy technology leader driving intelligent innovation across the grid, today announced that it has secured a major contract with a leading US investor-owned electric utility. The agreement covers more than 3 million advanced metering endpoints.

Under the agreement, Landis+Gyr will provide Revelo meters and associated network and head-end system technologies, complemented by advanced security solutions, premium support, and software maintenance and services. The deployment is expected to advance the utility’s grid modernization objectives by enhancing security, grid visibility and operational performance.

“This important win reflects the strong momentum of our Grid Edge Intelligence portfolio and the trust customers place in Landis+Gyr to support large-scale grid modernization programs. By combining advanced metering, integrated technology, security and support capabilities, we look forward to helping this utility enhance grid visibility, reliability and operational performance,” said Peter Mainz, Chief Executive Officer of Landis+Gyr.

About Landis+Gyr

Landis+Gyr is a global energy technology leader, delivering intelligent solutions that connect devices, data, and decisions across the grid. Trusted by more than 2,000 utilities worldwide, we transform traditional devices into intelligent, networked sensors, giving utilities real-time grid visibility and system control. With these combined insights, electric, gas, and water companies can anticipate demand, optimize operations, and deliver energy that’s more reliable, resilient, accessible, safe, and sustainable for everyone. For more information, please visit our website www.landisgyr.com.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/landisgyr-secures-major-contract-with-leading-us-utility-302919687.html