HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $35.9 trillion at the end of July 2022, a decrease of 8 per cent from $39.1 trillion at the end of June 2022.

The average daily turnover of ETFs for the first seven months of 2022 was $9.7 billion, an increase of 49 per cent when compared with $6.5 billion for the same period last year.

The average daily turnover of L&I Products for the first seven months of 2022 was $2.0 billion, an increase of 82 per cent when compared with $1.1 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first seven months of 2022 was 1,279,779 contracts, an increase of 5 per cent when compared with the 1,222,117 contracts for the same period last year.

The average daily turnover of equity index futures for the first seven months of 2022 was 547,650 contracts, an increase of 35 per cent when compared with the 405,728 contracts for the same period last year.

The average daily turnover of equity index options for the first seven months of 2022 was 109,707 contracts, an increase of 10 per cent when compared with the 99,670 contracts for the same period last year.

The average daily turnover of RMB Currency Futures for the first seven months of 2022 was 18,127 contracts, an increase of 41 per cent when compared with the 12,866 contracts for the same period last year.

On 26 July 2022, the open interest of Hang Seng TECH Index Futures reached a record high of 145,398 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Jul 2022	Jul 2021	End 2021
No. of listed companies	2,579	2,568	2,572
Total market capitalisation ($Bil.)	35,888.6	46,639.7	42,381.1
No. of newly listed companies *	16	20	98
No. of listed securities	16,467	18,047	18,882
No. of SPAC shares	2	-	-
No. of equity warrants (excluding SPAC warrants)	3	2	4
No. of SPAC warrants	2	-	-
No. of derivatives warrants	7,449	9,200	9,464
No. of inline warrants	44	220	98
No. of CBBCs	4,419	4,157	4,817
No. of unit trusts	179	171	167
No. of debt securities	1,780	1,713	1,747

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

Number of Newly Listed Securities (Main Board and GEM)

	Jul 2022	Jul 2021	2021
Derivatives warrants	812	1,641	16,684
CBBCs	2,148	4,003	42,807
Unit trusts	4	5	34
Debt securities	25	52	508

Securities Market Turnover (Main Board and GEM)

	Jul 2022	Jun 2022	% Change
Monthly turnover ($Mil.) *	2,171,155	3,164,184	-31.4%
Average daily turnover by value ($Mil.) *	108,558	150,675	-28.0%
No. of trading days	20	21	-

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

Turnover by Type of Securities (Main Board and GEM)

	Jul 2022 ($Mil)	Jun 2022 ($Mil)	% Change
Equities	1,612,210.38 (74.3%)	2,478,136.88 (78.3%)	-34.9%
Derivative warrants	157,719.89 (7.3%)	196,154.77 (6.2%)	-19.6%
CBBCs	150,416.23 (6.9%)	176,177.07 (5.6%)	-14.6%
Inline warrants	4.29 (0.0%)	10.29 (0.0%)	-58.3%
Unit trusts (include ETFs)	239,281.21 (11.0%)	304,226.72 (9.6%)	-21.3%

( ) % 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 Jul 2022 was $24,653 million (1.1% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Jul 2022	Jul 2021	End 2021
No. of H shares	304	291	296
No. of Red chips Stocks	174	176	174
No. of Mainland private enterprises	906	890	898
Market capitalisation (% of market total)	77.1%	79.2%	78.9%
Turnover value (% of equity turnover)	88.2%	88.5%	88.1%

[Index Performance]

Month-end figures

	Jul 2022	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	28744.22	-8.8%	-24.3%
S&P/HKEX GEM Index	40.19	-6.0%	-52.8%
Hang Seng Index	20156.51	-7.8%	-22.4%
Hang Seng China Enterprises Index	6885.48	-10.2%	-25.4%
Hang Seng China-Affiliated Corporations Index*	3694.17	-6.5%	3.0%
CES China 120 Index ^	5828.63	-9.1%	-18.1%
CESChina HK Mainland Index +	5681.07	-11.0%	-27.7%

* - 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)*
	Jul 2022	Jun 2022	% Change
Total Futures	509,555	607,329	-16.1%
Hang Seng Index Futures	137,888	155,025	-11.1%
Mini Hang Seng Index Futures	95,436	109,386	-12.8%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	145,208	175,047	-17.0%
Mini-Hang Seng China Enterprises Index Futures	11,059	13,933	-20.6%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	13	0	-
HSCEI Dividend Point Index Futures	558	528	5.7%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	66,435	88,834	-25.2%
MSCI AC Asia ex Japan NTR Index Futures	28	107	-73.8%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	19,050	19,297	-1.3%
MSCI China (USD) Index Futures	0	1	-100.0%
MSCI China Free (USD) Index Futures	0	0	-
MSCI China Free Net Total Return (USD) Index Futures	5	133	-96.2%
MSCI China Net Total Return (USD) Index Futures	79	1,716	-95.4%
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	11	17	-35.3%
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	1	4	-75.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	2	1	100.0%
MSCI India (USD) Index Futures	0	0	-
MSCI India Net Total Return (USD) Index Futures	0	60	-100.0%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	5	10	-50.0%
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	148	1,484	-90.0%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	13	136	-90.4%
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	3	-66.7%
MSCI Singapore Free (SGD) Index Futures	0	1	-100.0%
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	9,008	8,706	3.5%
MSCI Taiwan 25/50 (USD) Index Futures	16	22	-27.3%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	167	1,033	-83.8%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	1	1	0.0%
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	1	0	-
Hang Seng Mainland Properties Index Futures	13	0	-
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	5,948	8,436	-29.5%
3-Month HIBOR Futures	3	2	50.0%
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	10,289	15,308	-32.8%
RMB Currency Futures - Mini USD/CNH Futures	5,162	4,390	17.6%
RMB Currency Futures - EUR/CNH Futures	0	5	-100.0%
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	0	4	-100.0%
INR Currency Futures - INR/USD Futures	535	267	100.4%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	1,558	1,528	2.0%
CNH Gold Futures	0	0	-
USD Silver Futures	3	7	-57.1%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	0	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	227	480	-52.7%
USD London Zinc Mini Futures	411	1,106	-62.8%
USD London Copper Mini Futures	273	311	-12.2%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	0	-
USD London Tin Mini Futures	0	0	-
Total Options	595,980	728,112	-18.1%
Hang Seng Index Options	18,895	22,525	-16.1%
Mini Hang Seng Index Options	10,212	12,071	-15.4%
Weekly Hang Seng Index Options	9,441	10,828	-12.8%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	1,387	1,284	8.0%
Hang Seng China Enterprises Index Options	25,790	38,340	-32.7%
Mini-Hang Seng China Enterprises Index Options	2,098	2,524	-16.9%
Weekly Hang Seng China Enterprises Index Options	1,327	1,705	-22.2%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	14,086	14,492	-2.8%
Hang Seng TECH Index Options	596	1,085	-45.1%
MSCI China Free (USD) Index Options	0	0	-
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	512,131	623,231	-17.8%
RMB Currency Options - USD/CNH Options	17	27	-37.0%
Total Futures and Options	1,105,535	1,335,441	-17.2%

* Total average daily volume is the sum of the respective average volume of the individual products

Clearing and Settlement

CCASS Statistics (securities market)	Jul 2022	Jun 2022	% Change
Average daily number of exchange trades settled by CCASS	1,866,463	2,438,281	-23.45%
Average daily number of settlement instructions (“SIs”) settled by CCASS	105,487	124,123	-15.01%
Average daily number of investor SIs (“ISIs”) settled by CCASS	168	231	-27.54%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.90	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	73.64 64.19	75.86 64.62	N/A N/A
DCASS Statistics (derivatives market)	Jul 2022	Jun 2022	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	869,778	818,483	6.3%
– Stock Futures	39,955	39,385	1.4%
– Interest Rates Futures	40	30	33.3%
– RMB Currency Futures	19,273	20,226	-4.7%
– INR Currency Futures	238	160	48.8%
– Gold Futures	123	119	3.4%
– Silver Futures	0	0	-
– Iron Ore Futures	1,390	2,780	-50.0%
– London Metal Mini Futures	2	801	-99.8%
– Equity Index Options	1,697,825	1,647,521	3.1%
– Stock Options	8,292,796	7,938,359	4.5%
– RMB Currency Options	1,358	1,419	-4.3%

Year-to-date Statistics

Securities Market	Jul 2022 YTD	Jul 2021 YTD	% Change
No. of newly listed companies #	43	66	-34.8%
Average daily turnover by value ($Mil.) ^	134,019	187,587	-28.6%
Average share traded per trading day (Mil. Shares)	253,134	264,417	-4.3%
Average no. of trades per trading day	2,228,269	2,530,159	-11.9%
Fund raised by IPOs ($Mil.)*	38,040	255,210	-85.1%
Total funds raised (including IPOs) ($Mil.)**	137,055	538,447	-74.5%
Derivatives Market	Jul 2022 YTD	Jul 2021 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	547,650	405,728	35.0%
– Stock Futures	8,960	11,103	-19.3%
– Interest Rates Futures	1	0	-
– RMB Currency Futures	18,127	12,866	40.9%
– INR Currency Futures	1,065	1,028	3.6%
– Gold Futures	1,609	46	3397.8%
– Silver Futures	10	5	100.0%
– Iron Ore Futures	40	21	90.5%
– London Metal Mini Futures	1,604	1,205	33.1%
– Equity Index Options	109,707	99,670	10.1%
– Stock Options	590,976	690,419	-14.4%
– RMB Currency Options	30	26	15.4%
Clearing & Settlement	Jul 2022 YTD	Jul 2021 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,227,082	2,528,263	-11.91%
Average daily number of settlement instructions (SIs) settled by CCASS	117,837	132,277	-10.92%
Average daily number of investor SIs (ISIs) settled by CCASS	229	306	-25.22%

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Includes fund raised by initial offering by way of subscription, sales and placing
** Provisional figures only

Historical Records

up to 31 Jul 2022

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	2022/03/16	309,913,857,581
5	2021/02/22	303,594,716,032
6	2021/01/19	302,507,509,559
7	2021/01/20	301,244,822,148
8	2022/03/17	301,106,198,997
9	2015/04/09	293,910,756,648
10	2021/01/25	288,079,469,553

Top 10 Market Capitalisation