China stocks rout exposes risk from US$30 billion of little-known leveraged 'snowball' derivatives

Many snowball products tracking the CSI Smallcap 500 Index and the CSI 1000 Index have breached preset levels, triggering forced sales of the futures contracts, amplifying the sell-off on the stock market.

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China , Hong Kong , Zheng Xiaoxia , , Hang Seng Index , Krane Funds Advisors , Krane Funds , Guotai Junan , Snowball Products , China Stocks , Derivatives , Si 1000 , Si 500 ,