Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEX Monthly Market Highlights

Date 04/08/2023

HIGHLIGHTS

 

- Securities Market

  • Market capitalisation was $36.0 trillion at the end of July 2023, an increase of 6 per cent from $33.9 trillion at the end of June 2023.
  • The average daily turnover in July 2023 and for the first seven months of 2023 was $102.3 billion and $113.6 billion respectively.
  • The average daily turnover of ETFs for the first seven months of 2023 was $12.3 billion, an increase of 27 per cent when compared with $9.7 billion for the same period last year.
  • The average daily turnover of L&I Products for the first seven months of 2023 was $2.2 billion, an increase of 10 per cent when compared with $2.0 billion for the same period last year.

 

 

- Derivatives Market

  • The average daily volume of futures and options for the first seven months of 2023 was 1,367,847 contracts, an increase of 7 per cent when compared with the 1,279,779 contracts for the same period last year.
  • The average daily volume of equity index futures for the first seven months of 2023 was 562,476 contracts, an increase of 3 per cent when compared with the 547,650 contracts for the same period last year.
  • The average daily volume of equity index options for the first seven months of 2023 was 144,892 contracts, an increase of 32 per cent when compared with the 109,707 contracts for the same period last year.
  • The average daily volume of Stock Options for the first seven months of 2023 was 632,646 contracts, an increase of 7 per cent when compared with the 590,976 contracts for the same period last year.
  • The average daily volume of RMB Currency Futures for the first seven months of 2023 was 20,226 contracts, an increase of 12 per cent when compared with the 18,127 contracts for the same period last year.
  • On 31 July 2023, the volume of Hang Seng China Enterprises Index Futures Options reached a record high of 103,353 contracts.
  • On 20 July 2023, the volume of RMB Currency Futures - USD/CNH Futures reached a record high of 81,143 contracts.

 

 

LISTED SECURITIES (MAIN BOARD AND GEM) 

 

Month-end figures

 

Jul 2023

Jul 2022

End 2022

No. of listed companies

2,606

2,579

2,597

Total market capitalisation ($Bil.)

36,045.1

35,888.6

35,666.8

No. of newly listed companies *

6

16

90

No. of listed securities

13,960

16,467

15,274

No. of SPAC shares

5

2

5

No. of equity warrants (excluding SPAC warrants)

2

3

2

No. of SPAC warrants

5

2

5

No. of derivatives warrants

5,584

7,449

6,731

No. of inline warrants

5

44

28

No. of CBBCs

3,928

4,419

3,979

No. of unit trusts

188

179

191

No. of debt securities

1,636

1,780

1,735

 

 

 

 

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

 

NUMBER OF NEWLY LISTED SECURITIES (MAIN BOARD AND GEM) 

 

 

Jul 2023

Jul 2022

2022

Derivatives warrants

566

812

11,874

CBBCs

1,636

2,148

35,017

Unit trusts

2

4

29

Debt securities

8

25

368

 

 

 

 

 

SECURITIES MARKET TURNOVER (MAIN BOARD AND GEM) 

 

 

Jul 2023

Jun 2023

% Change

Monthly turnover ($Mil.) *

2,045,965

2,095,129

-2.3%

Average daily turnover by value ($Mil.) *

102,298

99,768

2.5%

No. of trading days

20

21

-

 

 

 

 

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

 

STOCK CONNECT SUMMARY 

 

 

Jul 2023

Jun 2023

% Change

Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)

108,632

114,822

-5.4%

Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)

28,930

28,476

1.6%

No. of Northbound trading days

20

20

-

No. of Southbound trading days

20

20

-

 

 

 

 

 

TURNOVER BY TYPE OF SECURITIES (MAIN BOARD AND GEM) 

 

 

Jul 2023

($Mil)

Jun 2023

($Mil)

% Change

Equities

1,429,923.22

(69.9%)

1,499,805.24

(71.6%)

-4.7%

Derivative warrants

122,751.44

(6.0%)

126,632.00

(6.0%)

-3.1%

CBBCs

113,681.05

(5.6%)

137,339.37

(6.6%)

-17.2%

Inline warrants

0.19

(0.0%)

0.07

(0.0%)

171.4%

Unit trusts

(include ETFs)

369,641.30

(18.1%)

322,175.37

(15.4%)

14.7%

 

 

 

 

 

 

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

 

AVERAGE DAILY TURNOVER BY TYPE OF SECURITIES (MAIN BOARD AND GEM) 

 

 

Jul 2023

($Mil)

Jun 2023

($Mil)

% Change

Equities

71,496.16

71,419.30

0.1%

Derivative warrants

6,137.57

6,030.10

1.8%

CBBCs

5,684.05

6,539.97

-13.1%

Inline warrants

0.01

0.00

187.8%

Unit trusts

(include ETFs)

18,482.07

15,341.68

20.5%

Others

498.39

437.01

14.0%

Total

102,298.25

99,768.06

2.5%

 

 

 

 

 

 

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 2023 was $23,864 million (1.2% of the securities market total turnover).

 

MAINLAND ENTERPRISES (MAIN BOARD AND GEM) 

 

Month-end figures

 

Jul 2023

Jul 2022

End 2022

No. of H shares

323

304

316

No. of Red chips Stocks

176

174

174

No. of Mainland private enterprises

933

906

919

Market capitalisation (% of market total)

77.2%

77.1%

76.9%

Turnover value (% of equity turnover)

86.9%

88.2%

87.3%

 

 

 

 

 

INDEX PERFORMANCE

 

Month-end figures

 

Jul 2023

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEX LargeCap Index

29406.80

7.9%

2.3%

S&P/HKEX GEM Index

29.60

-5.3%

-26.3%

Hang Seng Index

20078.94

6.1%

-0.4%

Hang Seng China Enterprises Index

6899.31

7.4%

0.2%

Hang Seng China-Affiliated Corporations Index*

3844.32

3.2%

4.1%

CES China 120 Index ^

5925.88

7.6%

1.7%

CESChina HK Mainland Index +

5596.35

10.3%

-1.5%

 

 



* - 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

2023

Jun

2023

% Change

Total Futures

606,586

582,140

4.2%

Hang Seng Index Futures

138,481

136,788

1.2%

Mini Hang Seng Index Futures

86,805

87,858

-1.2%

HSI (Gross Total Return Index) Futures

0

0

-

HSI (Net Total Return Index) Futures

0

0

-

Hang Seng China Enterprises Index Futures

187,295

187,034

0.1%

Mini-Hang Seng China Enterprises Index Futures

9,401

9,406

-0.1%

HSCEI (Gross Total Return Index) Futures

0

0

-

HSCEI (Net Total Return Index) Futures

0

0

-

HSI Dividend Point Index Futures

0

0

-

HSCEI Dividend Point Index Futures

598

516

15.9%

HSI Volatility Index Futures

0

0

-

Hang Seng TECH Index Futures

111,633

113,047

-1.3%

MSCI AC Asia ex Japan NTR Index Futures

42

91

-53.8%

MSCI Australia Net Total Return (USD) Index Futures

0

0

-

MSCI China A 50 Connect (USD) Index Futures

9,507

9,758

-2.6%

MSCI China (USD) Index Futures

2

4

-50.0%

MSCI China Net Total Return (USD) Index Futures

156

1,604

-90.3%

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

4

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

0

0

-

MSCI Hong Kong Net Total Return (USD) Index Futures

27

246

-89.0%

MSCI India (USD) Index Futures

2,804

3,584

-21.8%

MSCI India Net Total Return (USD) Index Futures

0

139

-100.0%

MSCI Indonesia (USD) Index Futures

0

0

-

MSCI Indonesia Net Total Return (USD) Index Futures

12

86

-86.0%

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

0

0

-

MSCI Malaysia (USD) Index Futures

0

0

-

MSCI Malaysia Net Total Return (USD) Index Futures

3

37

-91.9%

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

86

0

-

MSCI Philippines Net Total Return (USD) Index Futures

0

0

-

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

5,722

5,350

7.0%

MSCI Taiwan 25/50 (USD) Index Futures

8

19

-57.9%

MSCI Taiwan 25/50 Net Total Return (USD) Index Futures

0

0

-

MSCI Taiwan Net Total Return (USD) Index Futures

8

382

-97.9%

MSCI Thailand (USD) Index Futures

0

0

-

MSCI Thailand Net Total Return (USD) Index Futures

9

41

-78.0%

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 Banks Index Futures

0

0

-

Stock Futures

7,486

5,985

25.1%

3-Month HIBOR Futures

0

0

-

1-Month HIBOR Futures

0

0

-

RMB Currency Futures - USD/CNH Futures

42,757

17,158

149.2%

RMB Currency Futures - Mini USD/CNH Futures

3,339

2,675

24.8%

RMB Currency Futures - EUR/CNH Futures

0

1

-100.0%

RMB Currency Futures - JPY/CNH Futures

0

0

-

RMB Currency Futures - AUD/CNH Futures

0

0

-

RMB Currency Futures - CNH/USD Futures

2

5

-60.0%

INR Currency Futures - INR/USD Futures

399

325

22.8%

INR Currency Futures - INR/CNH Futures

0

0

-

USD Gold Futures

0

1

-100.0%

CNH Gold Futures

0

0

-

USD Silver Futures

0

0

-

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

0

0

-

USD London Zinc Mini Futures

0

0

-

USD London Copper Mini Futures

0

0

-

USD London Lead Mini Futures

0

0

-

USD London Nickel Mini Futures

0

0

-

USD London Tin Mini Futures

0

0

-

Total Options

759,722

689,730

10.1%

Hang Seng Index Options

23,837

24,098

-1.1%

Mini Hang Seng Index Options

11,027

11,765

-6.3%

Weekly Hang Seng Index Options

11,256

14,477

-22.2%

Flexible Hang Seng Index Options

0

0

-

Hang Seng Index Futures Options

2,598

3,061

-15.1%

Hang Seng China Enterprises Index Options

35,386

45,658

-22.5%

Mini-Hang Seng China Enterprises Index Options

4,466

4,323

3.3%

Weekly Hang Seng China Enterprises Index Options

1,913

3,393

-43.6%

Flexible Hang Seng China Enterprises Index Options

0

0

-

Hang Seng China Enterprises Index Futures Options

32,214

33,534

-3.9%

Hang Seng TECH Index Options

2,999

2,858

4.9%

Hang Seng TECH Index Futures Options

1,394

1,118

24.7%

MSCI Taiwan (USD) Index Options

0

0

-

Stock Options

632,620

545,421

16.0%

RMB Currency Options - USD/CNH Options

12

24

-50.0%

Total Futures and Options

1,366,308

1,271,870

7.4%

 

 

 

 

 

 

 

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Jul 2023 and Jun 2023 are 21 days (without holiday trading day) and 22 days (with 1 holiday trading day) respectively
- For list of holiday trading products, please see link here.

 

CLEARING AND SETTLEMENT

 

CCASS Statistics (securities market)

Jul 2023

Jun 2023

% Change

Average daily number of exchange trades settled by CCASS

1,774,626

1,794,200

-1.09%

Average daily number of settlement instructions (“SIs”) settled by CCASS

91,723

102,841

-10.81%

Average daily number of investor SIs (“ISIs”) settled by CCASS

124

134

-7.46%

Average daily settlement efficiency of CNS stock positions on due day (T+2)

99.91

99.93

N/A

Average daily value of SIs settled by CCASS ($ Mil)

203,903.07

284,442.79

-28.31%

Shares deposited in the CCASS depository

– % of total issued shares

– % of the total market capitalisation

 

72.92

46.92

 

72.03

46.99

 

N/A

N/A

DCASS Statistics (derivatives market)

Jul 2023

Jun 2023

% Change

Month-end Open Interest (contracts)

 

 

 

– Equity Index Futures

1,157,266

1,125,921

2.8%

– Stock Futures

32,832

27,733

18.4%

– Interest Rates Futures

65

70

-7.1%

– RMB Currency Futures

25,621

21,464

19.4%

– INR Currency Futures

177

26

580.8%

– Gold Futures

0

0

-

– Silver Futures

0

0

-

– Iron Ore Futures

0

0

-

– London Metal Mini Futures

0

0

-

– Equity Index Options

2,531,333

2,388,327

6.0%

– Stock Options

9,919,252

9,138,276

8.5%

– RMB Currency Options

590

568

3.9%

 

 

 

 

 

YEAR-TO-DATE STATISTICS 

 

Securities Market

Jul 2023

YTD

Jul 2022

YTD

% Change

No. of newly listed companies #

39

43

-9.3%

Average daily turnover by value ($Mil.) ^

113,647

134,019

-15.2%

Average share traded per trading day (Mil. Shares)

202,259

253,134

-20.1%

Average no. of trades per trading day

2,000,824

2,228,269

-10.2%

Fund raised by IPOs ($Mil.)*

20,626

38,206

-46.0%

Total equity funds raised (including IPOs) ($Mil.) (Main + GEM)**

85,816

138,078

-37.8%

Derivatives Market

Jul 2023

YTD

Jul 2022

YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

562,476

547,650

2.7%

– Stock Futures

6,913

8,960

-22.8%

– Interest Rates Futures

3

1

200.0%

– RMB Currency Futures

20,226

18,127

11.6%

– INR Currency Futures

672

1,065

-36.9%

– Gold Futures

2

1,609

-99.9%

– Silver Futures

0

10

-100.0%

– Iron Ore Futures

0

40

-100.0%

– London Metal Mini Futures

0

1,604

-100.0%

– Equity Index Options

144,892

109,707

32.1%

– Stock Options

632,646

590,976

7.1%

– RMB Currency Options

17

30

-43.3%

Clearing & Settlement

Jul 2023

YTD

Jul 2022

YTD

% Change

Average daily number of exchange trades handled by CCASS

1,785,654

2,227,082

-19.82%

Average daily number of settlement instructions (SIs) settled by CCASS

102,723

117,837

-12.83%

Average daily number of investor SIs (ISIs) settled by CCASS

148

229

-35.37%

 

 

 

 

 

 

# 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 2023

 

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

(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

651,086

2023/04/25

758,877

2022/12/28

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

Hang Seng TECH Index Futures

348,993

2023/04/24

257,389

2023/03/28

Mini Hang Seng Index Futures

298,812

2020/03/19

31,150

2022/09/29

Hang Seng Index Options

140,628

2021/01/11

594,941

2017/11/28

Hang Seng China Enterprises Index Futures Options

103,353

2023/07/31

1,207,462

2023/06/15

RMB Currency Futures - USD/CNH Futures

81,143

2023/07/20

46,711

2017/01/04

Mini-Hang Seng China Enterprises Index Futures

76,471

2018/02/06

16,436

2014/12/11

Product

Record High Daily Volume

Record High Open Interest