CESC Index Report For November 2016

Highlights

• Mainland A shares outperformed Hong Kong stocks in November. The CES A80 surged 7.4 per cent.
• The CES 300 surged 3.7 per cent ahead of the launch of Shenzhen Connect in December.
• The CES G10, on which futures have been trading at HKEX, surged 20.3 per cent, demonstrating Macau’s economic recovery.
• Shenzhen Connect started on 5 December. Southbound trading under the scheme covers 417 eligible Hong Kong stocks, including 388 constituents of Hang Seng Composite LargeCap, MidCap and SmallCap Indices and 29 A+H share companies. Northbound trading covers 881 eligible Shenzhen stocks, including 267 Main Board, 411 SME Board and 203 ChiNext stocks.
• The index universe for CES 300 changed and the weighting of ChiNext stocks increased following the latest periodic review.
• RMB deposits in Hong Kong at the end of October decreased to RMB662.5 billion, down 0.4 per cent from the previous month.
• Open interest in offshore Mainland A-share index futures traded in Singapore hit an all-time high of RMB49.6 billion. Market demand for hedging against A shares continued to increase.

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