HKEX Monthly Market Highlights

HIGHLIGHTS

- Securities Market

The average daily turnover in 2021 was $166.7 billion, an increase of 29 per cent when compared with $129.5 billion in 2020.
The average daily turnover of derivative warrants in 2021 was $11.2 billion, an increase of 23 per cent when compared with $9.1 billion in 2020.
The average daily turnover of ETFs in 2021 was $6.6 billion, an increase of 35 per cent when compared with $4.9 billion in 2020.
The average daily turnover of Debt Securities in 2021 was $0.42 billion, an increase of 62 per cent when compared with $0.26 billion in 2020.
Total funds raised in 2021 was $770.7 billion, an increase of 3 per cent when compared with $747.0 billion in 2020.

- Derivatives Market

The average daily turnover of futures and options in 2021 was 1,174,889 contracts, an increase of 3 per cent when compared with the 1,137,864 contracts in 2020.
The average daily turnover of Stock Options in 2021 was 637,246 contracts, an increase of 21 per cent when compared with the 526,191 contracts in 2020.
The average daily turnover of Stock Futures in 2021 was 9,608 contracts, an increase of 110 per cent when compared with the 4,585 contracts in 2020.
The average daily turnover of RMB Currency Futures in 2021 was 10,862 contracts, an increase of 53 per cent when compared with the 7,117 contracts in 2020.
On 22 December 2021, the open interest of Mini Hang Seng Index Futures reached a record high of 25,814 contracts.
On 28 December 2021, the turnover and open interest of Hang Seng TECH Index Futures reached a record high of 89,967 contracts and 69,944 contracts respectively.
On 16 December 2021, the open interest of Hang Seng China Enterprises Index Futures Options reached a record high of 108,574 contracts.
On 29 December 2021, the open interest of Hang Seng TECH Index Options reached a record high of 29,584 contracts.
On 13 and 16 December 2021, the turnover and open interest of MSCI China A 50 Connect (USD) Index Futures reached a record high of 38,610 contracts and 34,016 contracts respectively.

LISTED SECURITIES (MAIN BOARD AND GEM)

Month-end figures

	Dec 2021	Dec 2020	End 2020
No. of listed companies	2,572	2,538	2,538
Total market capitalisation ($Bil.)	42,381.1	47,523.0	47,523.0
No. of newly listed companies *	15	22	154
No. of listed securities	18,882	17,041	17,041
No. of equity warrants	4	1	1
No. of derivatives warrants	9,464	7,507	7,507
No. of inline warrants	98	507	507
No. of CBBCs	4,817	4,739	4,739
No. of unit trusts	167	159	159
No. of debt securities	1,747	1,574	1,574

* Includes the number of transfer of listings from GEM to Main Board

SECURITIES MARKET TURNOVER (MAIN BOARD AND GEM)

	Dec 2021	Nov 2021	% Change
Monthly turnover ($Mil.) *	2,590,661	2,896,485	-10.6%
Average daily turnover by value ($Mil.) *	117,757	131,658	-10.6%
No. of trading days	22	22	-

* Turnover value for securities traded in non-Hong Kong dollar currency have been included

TURNOVER BY TYPE OF SECURITIES (MAIN BOARD AND GEM)

	Dec 2021 ($Mil)	Nov 2021 ($Mil)	% Change
Equities	2,032,581.91 (78.5%)	2,287,394.14 (79.0%)	-11.1%
Derivative warrants	220,575.16 (8.5%)	230,633.17 (8.0%)	-4.4%
CBBCs	174,512.37 (6.7%)	194,682.76 (6.7%)	-10.4%
Inline warrants	5.17 (0.0%)	23.24 (0.0%)	-77.8%
Unit trusts (include ETFs)	152,315.10 (5.9%)	171,625.61 (5.9%)	-11.3%

( ) % of market total
Turnover value for securities traded in non-Hong Kong dollar currency have been included

ATS TRANSACTIONS

The total turnover of automated trading services’ (ATS) transactions for Dec 2021 was $35,396 million (1.4% of the securities market total turnover).

MAINLAND ENTERPRISES (MAIN BOARD AND GEM)

Month-end figures

	Dec 2021	Dec 2020	End 2020
No. of H shares	296	291	291
No. of Red chips Stocks	174	176	176
No. of Mainland private enterprises	898	852	852
Market capitalisation (% of market total)	78.9%	80.1%	80.1%
Turnover value (% of equity turnover)	88.3%	89.3%	84.7%

INDEX PERFORMANCE

Month-end figures

	Dec 2021	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	34253.03	-1.9%	-18.2%
S&P/HKEX GEM Index	60.99	-11.1%	-54.4%
Hang Seng Index	23397.67	-0.3%	-14.1%
Hang Seng China Enterprises Index	8236.35	-1.6%	-23.3%
Hang Seng China-Affiliated Corporations Index*	3899.58	4.2%	2.6%
CES China 120 Index ^	6915.90	1.1%	-18.2%
CESChina HK Mainland Index +	6990.92	-1.8%	-23.9%

* - tracks Red chips
^ - tracks 80 Mainland-listed companies and 40 Hong Kong-listed Mainland enterprises
+ - tracks 40 Hong Kong-listed Mainland enterprises

DERIVATIVES MARKET TURNOVER

	Average Daily Volume (Contracts)*
	Dec 2021	Nov 2021	% Change
Total Futures	423,329	412,537	2.6%
Hang Seng Index Futures	127,270	130,666	-2.6%
Mini Hang Seng Index Futures	82,703	86,942	-4.9%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	133,139	126,673	5.1%
Mini-Hang Seng China Enterprises Index Futures	11,498	11,159	3.0%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	5	0	-
HSCEI Dividend Point Index Futures	605	488	24.0%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	25,842	18,481	39.8%
MSCI AC Asia ex Japan NTR Index Futures	91	9	911.1%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	14,824	11,927	24.3%
MSCI China (USD) Index Futures #	2	2	0.0%
MSCI China Free (USD) Index Futures	0	0	-
MSCI China Free Net Total Return (USD) Index Futures	615	93	561.3%
MSCI China Net Total Return (USD) Index Futures #	3	4	-25.0%
MSCI EM Asia ex China Net Total Return (USD) Index Futures	0	0	-
MSCI EM Asia ex Korea Net Total Return (USD) Index Futures	0	0	-
MSCI EM Asia Net Total Return (USD) Index Futures	9	1	800.0%
MSCI EM EMEA Net Total Return (USD) Index Futures	0	0	-
MSCI EM ex China Net Total Return (USD) Index Futures	0	0	-
MSCI EM ex Korea Net Total Return (USD) Index Futures	0	0	-
MSCI EM LatAm Net Total Return (USD) Index Futures	0	0	-
MSCI Emerging Markets (USD) Index Futures	0	0	-
MSCI Emerging Markets Net Total Return (USD) Index Futures	5	0	-
MSCI Hong Kong Net Total Return (USD) Index Futures	0	0	-
MSCI India (USD) Index Futures	0	0	-
MSCI India Net Total Return (USD) Index Futures	37	2	1,750.0%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	32	34	-5.9%
MSCI Japan (JPY) Index Futures	0	0	-
MSCI Japan Net Total Return (JPY) Index Futures	0	0	-
MSCI Japan Net Total Return (USD) Index Futures	1,009	1	100,800.0%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	7	4	75.0%
MSCI New Zealand Net Total Return (USD) Index Futures	0	0	-
MSCI Pacific ex Japan Net Total Return (USD) Index Futures	0	0	-
MSCI Pacific Net Total Return (USD) Index Futures	0	0	-
MSCI Philippines (USD) Index Futures	0	0	-
MSCI Philippines Net Total Return (USD) Index Futures	1	6	-83.3%
MSCI Singapore Free (SGD) Index Futures	0	0	-
MSCI Singapore Free Net Total Return (USD) Index Futures	0	0	-
MSCI Singapore Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan (USD) Index Futures	6,087	5,845	4.1%
MSCI Taiwan 25/50 (USD) Index Futures	27	29	-6.9%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	35	367	-90.5%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	3	0	-
MSCI Vietnam (USD) Index Futures	0	0	-
MSCI Vietnam Net Total Return (USD) Index Futures	0	0	-
CES China 120 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	0	0	-
Hang Seng Mainland Banks Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	0	0	-
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	6,345	6,165	2.9%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	6,156	5,345	15.2%
RMB Currency Futures - Mini USD/CNH Futures	3,817	3,689	3.5%
RMB Currency Futures - EUR/CNH Futures	19	6	216.7%
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	4	0	-
INR Currency Futures - INR/USD Futures	1,030	1,209	-14.8%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	1,037	1,115	-7.0%
CNH Gold Futures	0	0	-
USD Silver Futures	6	0	-
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	0	9	-100.0%
Iron Ore Futures – Quarterly Contracts	0	0	-
CNH London Aluminium Mini Futures	0	0	-
CNH London Zinc Mini Futures	0	0	-
CNH London Copper Mini Futures	0	0	-
CNH London Lead Mini Futures	0	0	-
CNH London Nickel Mini Futures	0	0	-
CNH London Tin Mini Futures	0	0	-
USD London Aluminium Mini Futures	170	504	-66.3%
USD London Zinc Mini Futures	162	548	-70.4%
USD London Copper Mini Futures	733	1,213	-39.6%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	1	1	0.0%
USD London Tin Mini Futures	0	0	-
Total Options	528,884	628,495	-15.8%
Hang Seng Index Options	21,231	24,277	-12.5%
Mini Hang Seng Index Options	8,271	9,601	-13.9%
Weekly Hang Seng Index Options	9,517	9,347	1.8%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	618	482	28.2%
Hang Seng China Enterprises Index Options	34,750	42,336	-17.9%
Mini-Hang Seng China Enterprises Index Options	1,777	1,772	0.3%
Weekly Hang Seng China Enterprises Index Options	2,098	2,068	1.5%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	4,921	8,076	-39.1%
Hang Seng TECH Index Options	800	742	7.8%
MSCI China Free (USD) Index Options	0	0	-
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	444,888	529,775	-16.0%
RMB Currency Options - USD/CNH Options	13	19	-31.6%
Total Futures and Options	952,213	1,041,032	-8.5%

* Total average daily volume is the sum of the respective average volume of the individual products
# Trading commenced on 22 November 2021

CLEARING AND SETTLEMENT

CCASS Statistics (securities market)	Dec 2021	Nov 2021	% Change
Average daily number of exchange trades settled by CCASS	1,896,216	2,094,217	-9.45%
Average daily number of settlement instructions (“SIs”) settled by CCASS	121,263	109,669	10.57%
Average daily number of investor SIs (“ISIs”) settled by CCASS	193	176	9.66%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.90	99.94	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.81 64.32	76.91 63.91	N/A N/A
DCASS Statistics (derivatives market)	Dec 2021	Nov 2021	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	675,762	706,800	-4.4%
– Stock Futures	29,311	30,825	-4.9%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	22,475	22,166	1.4%
– INR Currency Futures	142	364	-61.0%
– Gold Futures	160	241	-33.6%
– Silver Futures	0	0	-
– Iron Ore Futures	25	52	-51.9%
– London Metal Mini Futures	1,239	1,240	-0.1%
– Equity Index Options	1,209,382	1,761,840	-31.4%
– Stock Options	7,977,558	10,844,064	-26.4%
– RMB Currency Options	1,489	2,178	-31.6%

YEAR-TO-DATE STATISTICS

Securities Market	Dec 2021 YTD	Dec 2020 YTD	% Change
No. of newly listed companies #	98	154	-36.4%
Average daily turnover by value ($Mil.) ^	166,730	129,476	28.8%
Average share traded per trading day (Mil. Shares)	252,061	220,627	14.2%
Average no. of trades per trading day	2,364,755	1,962,253	20.5%
Fund raised by IPOs ($Mil.)	328,851	400,137	-17.8%
Total funds raised (including IPOs) ($Mil.)*	770,735	746,956	3.1%
Derivatives Market	Dec 2021 YTD	Dec 2020 YTD	% Change
Average daily volume (contracts)
– Equity Index Futures	414,512	453,054	-8.5%
– Stock Futures	9,608	4,585	109.6%
– Interest Rates Futures	0	1	-100.0%
– RMB Currency Futures	10,862	7,117	52.6%
– INR Currency Futures	1,050	680	54.4%
– Gold Futures	299	276	8.3%
– Silver Futures	4	9	-55.6%
– Iron Ore Futures	17	390	-95.6%
– London Metal Mini Futures	1,684	751	124.2%
– Equity Index Options	99,585	144,774	-31.2%
– Stock Options	637,246	526,191	21.1%
– RMB Currency Options	22	36	-38.9%
Clearing & Settlement	Dec 2021 YTD	Dec 2020 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,975,211	1,960,674	51.74%
Average daily number of settlement instructions (SIs) settled by CCASS	126,724	114,642	10.54%
Average daily number of investor SIs (ISIs) settled by CCASS	265	279	-5.02%

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Provisional figures only

HISTORICAL RECORDS

up to 31 December 2021

Top 10 Hang Seng Index Closes

Rank	Date	Close
1	2018/01/26	33154.12
2	2018/01/29	32966.89
3	2018/01/24	32958.69
4	2018/01/23	32930.70
5	2018/01/31	32887.27
6	2018/01/25	32654.45
7	2018/02/01	32642.09
8	2018/01/30	32607.29
9	2018/02/02	32601.78
10	2018/01/22	32393.41

Top 10 Daily Market Turnover

(Main Board and GEM)

Rank	Date	Turnover ($)
1	2021/07/27	361,238,455,648
2	2021/02/24	354,330,826,815
3	2021/02/26	321,313,602,377
4	2021/02/22	303,594,716,032
5	2021/01/19	302,507,509,559
6	2021/01/20	301,244,822,148
7	2015/04/09	293,910,756,648
8	2021/01/25	288,079,469,553
9	2018/03/23	284,101,947,853
10	2021/02/18	284,013,143,876

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2021/02/17	58,672,185,510,043
2	2021/02/16	57,829,770,591,111
3	2021/02/19	57,502,986,918,920
4	2021/02/18	57,470,114,718,778
5	2021/02/11	56,844,960,338,845
6	2021/02/10	56,495,679,850,172
7	2021/02/22	56,276,247,080,503
8	2021/02/23	56,194,869,034,753
9	2021/02/09	55,171,603,385,082
10	2021/02/25	55,137,617,193,968

Record High for Top-10 Derivatives Market Products (Based on Contract Volume)

Product	Record High Daily Volume		Record High Open Interest
	Contracts	Date	Contracts	Date
Stock Options	1,545,227	2020/07/06	15,625,280	2021/03/29
Hang Seng China Enterprises Index Futures	545,816	2021/07/27	635,051	2018/12/27
Hang Seng Index Futures	422,450	2018/10/26	206,082	2017/06/27
Hang Seng China Enterprises Index Options	389,483	2021/01/11	3,749,790	2018/11/28
Mini Hang Seng Index Futures	298,812	2020/03/19	25,814	2021/12/22
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng TECH Index Futures	89,967	2021/12/28	69,944	2021/12/28
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11
MSCI AC Asia ex Japan NTR Index Futures	56,378	2019/12/16	46,698	2019/09/17
MSCI Taiwan (USD) Index Futures	42,363	2020/11/24	65,267	2020/10/29

Product	Record High Daily Volume		Record High Open Interest