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Highlights
- Securities Market
- Market capitalisation was $31.0 trillion at the end of December 2023, a decrease of 0.3 per cent from $31.1 trillion at the end of November 2023.
- The average daily turnover in December 2023 and in full-year 2023 was $98.6 billion and $105.0 billion respectively.
- The average daily turnover of ETFs in 2023 was $11.8 billion, an increase of 20 per cent when compared with $9.8 billion in 2022.
- The average daily turnover of L&I Products in 2023 was $2.20 billion, an increase of 1 per cent when compared with $2.18 billion in 2022.
- Derivatives Market
- The average daily turnover of futures and options in 2023 was 1,353,839 contracts, an increase of 4 per cent when compared with the 1,302,889 contracts in 2022.
- The average daily turnover of equity index options in 2023 was 136,922 contracts, an increase of 10 per cent when compared with the 124,616 contracts 2022.
- The average daily turnover of Stock Options in 2023 was 612,182 contracts, an increase of 4 per cent when compared with the 587,749 contracts in 2022.
- The average daily turnover of RMB Currency Futures in 2023 was 39,886 contracts, an increase of 118 per cent when compared with the 18,303 contracts in 2022.
- On 22 December 2023, the volume of Hang Seng TECH Index Futures reached a record high of 437,435 contracts.
- On 22 December 2023, the volume of Hang Seng TECH Index Options reached a record high of 8,894 contracts.
- On 29 December 2023, the volume of INR Currency Futures - INR/USD Futures reached a record high of 6,516 contracts.
Listed Securities (Main Board and GEM)
Month-end figures
|
|
Dec 2023 |
Dec 2022 |
End 2022 |
|---|---|---|---|
|
No. of listed companies |
2,609 |
2,597 |
2,597 |
|
Total market capitalisation ($Bil.) |
31,039.1 |
35,666.8 |
35,666.8 |
|
No. of newly listed companies * |
14 |
21 |
90 |
|
No. of listed securities |
12,810 |
15,274 |
15,274 |
|
No. of SPAC shares |
5 |
5 |
5 |
|
No. of equity warrants (excluding SPAC warrants) |
2 |
2 |
2 |
|
No. of SPAC warrants |
5 |
5 |
5 |
|
No. of derivatives warrants |
4,801 |
6,731 |
6,731 |
|
No. of inline warrants |
- |
28 |
28 |
|
No. of CBBCs |
3,578 |
3,979 |
3,979 |
|
No. of unit trusts |
186 |
191 |
191 |
|
No. of debt securities |
1,624 |
1,735 |
1,735 |
* Includes the number of transfer of listings from GEM to Main Board
Number of Newly Listed Securities (Main Board and GEM)
|
|
Dec 2023 |
Dec 2022 |
2022 |
|---|---|---|---|
|
Derivatives warrants |
755 |
935 |
11,874 |
|
CBBCs |
1,980 |
2,122 |
35,017 |
|
Unit trusts |
0 |
4 |
29 |
|
Debt securities |
26 |
11 |
368 |
Securities Market Turnover (Main Board and GEM)
|
|
Dec 2023 |
Nov 2023 |
% Change |
|---|---|---|---|
|
Monthly turnover ($Mil.) * |
1,872,651 |
2,102,126 |
-10.9% |
|
Average daily turnover by value ($Mil.) * |
98,561 |
95,551 |
3.2% |
|
No. of trading days |
19 |
22 |
- |
* Turnover value for securities traded in non-Hong Kong dollar currency have been included
Stock Connect Summary
|
|
Dec 2023 |
Nov 2023 |
% Change |
|---|---|---|---|
|
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks) |
107,437 |
107,808 |
-0.3% |
|
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks) |
28,935 |
29,194 |
-0.9% |
|
No. of Northbound trading days |
19 |
22 |
- |
|
No. of Southbound trading days |
19 |
22 |
- |
Turnover by Type of Securities (Main Board and GEM)
|
|
Dec 2023 ($Mil) |
Nov 2023 ($Mil) |
% Change |
|---|---|---|---|
|
Equities |
1,353,749.42 (72.3%) |
1,512,950.82 (72.0%) |
-10.5% |
|
Derivative warrants |
99,655.28 (5.3%) |
119,986.26 (5.7%) |
-16.9% |
|
CBBCs |
123,908.07 (6.6%) |
112,538.11 (5.4%) |
10.1% |
|
Inline warrants |
- - |
0.00 (0.0%) |
- |
|
Unit trusts (include ETFs) |
287,761.74 (15.4%) |
345,154.05 (16.4%) |
-16.6% |
( ) % 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)
|
|
Dec 2023 ($Mil) |
Nov 2023 ($Mil) |
% Change |
|---|---|---|---|
|
Equities |
71,249.97 |
68,770.49 |
3.6% |
|
Derivative warrants |
5,245.01 |
5,453.92 |
-3.8% |
|
CBBCs |
6,521.48 |
5,115.37 |
27.5% |
|
Inline warrants |
- |
0.00 |
- |
|
Unit trusts (include ETFs) |
15,145.35 |
15,688.82 |
-3.5% |
|
Others |
398.74 |
522.60 |
-23.7% |
|
Total |
98,560.56 |
95,551.20 |
3.1% |
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 2023 was $24,466 million (1.3% of the securities market total turnover).
Mainland Enterprises (Main Board and GEM)
Month-end figures
|
|
Dec 2023 |
Dec 2022 |
End 2022 |
|---|---|---|---|
|
No. of H shares |
339 |
316 |
316 |
|
No. of Red chips Stocks |
176 |
174 |
174 |
|
No. of Mainland private enterprises |
932 |
919 |
919 |
|
Market capitalisation (% of market total) |
76.5% |
76.9% |
76.9% |
|
Turnover value (% of equity turnover) |
86.5% |
87.5% |
87.3% |
Index Performance
Month-end figures
|
|
Dec 2023 |
% Change |
% Change |
|---|---|---|---|
|
S&P/HKEX LargeCap Index |
24439.40 |
-1.7% |
-13.3% |
|
S&P/HKEX GEM Index |
21.83 |
5.0% |
-39.6% |
|
Hang Seng Index |
17047.39 |
0.0% |
-13.8% |
|
Hang Seng China Enterprises Index |
5768.50 |
-1.5% |
-14.0% |
|
Hang Seng China-Affiliated Corporations Index* |
3350.45 |
-0.4% |
-9.3% |
|
CES China 120 Index ^ |
4911.20 |
-2.8% |
-13.2% |
|
CESChina HK Mainland Index + |
4531.42 |
-2.6% |
-16.6% |
* - 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 2023 |
Nov 2023 |
% Change |
|
|
Total Futures |
651,820 |
631,662 |
3.2% |
|
Hang Seng Index Futures |
136,953 |
131,339 |
4.3% |
|
Mini Hang Seng Index Futures |
81,311 |
88,289 |
-7.9% |
|
HSI (Gross Total Return Index) Futures |
0 |
0 |
- |
|
HSI (Net Total Return Index) Futures |
0 |
0 |
- |
|
Hang Seng China Enterprises Index Futures |
190,437 |
177,521 |
7.3% |
|
Mini-Hang Seng China Enterprises Index Futures |
7,863 |
9,013 |
-12.8% |
|
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 |
47 |
609 |
-92.3% |
|
HSI Volatility Index Futures |
0 |
0 |
- |
|
Hang Seng TECH Index Futures |
127,107 |
114,492 |
11.0% |
|
MSCI AC Asia ex Japan NTR Index Futures |
50 |
5 |
900.0% |
|
MSCI Australia Net Total Return (USD) Index Futures |
0 |
0 |
- |
|
MSCI China A 50 Connect (USD) Index Futures |
16,915 |
14,308 |
18.2% |
|
MSCI China (USD) Index Futures |
0 |
1 |
-100.0% |
|
MSCI China Net Total Return (USD) Index Futures |
5,217 |
51 |
10129.4% |
|
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 |
5 |
7 |
-28.6% |
|
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 |
243 |
17 |
1329.4% |
|
MSCI India (USD) Index Futures |
3,545 |
4,283 |
-17.2% |
|
MSCI India Net Total Return (USD) Index Futures |
221 |
189 |
16.9% |
|
MSCI Indonesia (USD) Index Futures |
0 |
0 |
- |
|
MSCI Indonesia Net Total Return (USD) Index Futures |
63 |
13 |
384.6% |
|
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 |
20 |
2 |
900.0% |
|
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 |
152 |
49 |
210.2% |
|
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 |
4,649 |
5,495 |
-15.4% |
|
MSCI Taiwan 25/50 (USD) Index Futures |
7 |
16 |
-56.3% |
|
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures |
0 |
0 |
- |
|
MSCI Taiwan Net Total Return (USD) Index Futures |
58 |
135 |
-57.0% |
|
MSCI Thailand (USD) Index Futures |
0 |
0 |
- |
|
MSCI Thailand Net Total Return (USD) Index Futures |
0 |
32 |
-100.0% |
|
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 |
6,018 |
5,820 |
3.4% |
|
3-Month HIBOR Futures |
1 |
0 |
- |
|
1-Month HIBOR Futures |
0 |
1 |
-100.0% |
|
RMB Currency Futures - USD/CNH Futures |
67,192 |
73,993 |
-9.2% |
|
RMB Currency Futures - Mini USD/CNH Futures |
2,345 |
3,992 |
-41.3% |
|
RMB Currency Futures - EUR/CNH Futures |
0 |
0 |
- |
|
RMB Currency Futures - JPY/CNH Futures |
0 |
0 |
- |
|
RMB Currency Futures - AUD/CNH Futures |
0 |
0 |
- |
|
RMB Currency Futures - CNH/USD Futures |
0 |
0 |
- |
|
INR Currency Futures - INR/USD Futures |
1,401 |
1,990 |
-29.6% |
|
INR Currency Futures - INR/CNH Futures |
0 |
0 |
- |
|
USD Gold Futures |
0 |
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 |
723,070 |
723,175 |
0.0% |
|
Hang Seng Index Options |
21,199 |
20,723 |
2.3% |
|
Mini Hang Seng Index Options |
13,627 |
13,378 |
1.9% |
|
Weekly Hang Seng Index Options |
14,886 |
13,973 |
6.5% |
|
Flexible Hang Seng Index Options |
0 |
0 |
- |
|
Hang Seng Index Futures Options |
3,709 |
3,376 |
9.9% |
|
Hang Seng China Enterprises Index Options |
25,498 |
29,569 |
-13.8% |
|
Mini-Hang Seng China Enterprises Index Options |
1,889 |
2,058 |
-8.2% |
|
Weekly Hang Seng China Enterprises Index Options |
3,073 |
3,370 |
-8.8% |
|
Flexible Hang Seng China Enterprises Index Options |
0 |
0 |
- |
|
Hang Seng China Enterprises Index Futures Options |
31,124 |
33,408 |
-6.8% |
|
Hang Seng TECH Index Options |
3,067 |
2,601 |
17.9% |
|
Hang Seng TECH Index Futures Options |
1,403 |
3,348 |
-58.1% |
|
MSCI Taiwan (USD) Index Options |
0 |
0 |
- |
|
Stock Options |
603,590 |
597,367 |
1.0% |
|
RMB Currency Options - USD/CNH Options |
5 |
4 |
25.0% |
|
Total Futures and Options |
1,374,890 |
1,354,837 |
1.5% |
* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Dec 2023 and Nov 2023 are 21 days (with 2 holiday trading days) and 22 days (without holiday trading day) respectively
- For list of holiday trading products, please see link here.
Clearing and Settlement
|
CCASS Statistics (securities market) |
Dec 2023 |
Nov 2023 |
% Change |
|---|---|---|---|
|
Average daily number of exchange trades settled by CCASS |
1,835,633 |
1,774,804 |
3.43% |
|
Average daily number of settlement instructions (“SIs”) settled by CCASS |
99,428 |
86,975 |
14.32% |
|
Average daily number of investor SIs (“ISIs”) settled by CCASS |
116 |
101 |
14.54% |
|
Average daily settlement efficiency of CNS stock positions on due day (T+2) |
99.89 |
99.94 |
N/A |
|
Average daily value of SIs settled by CCASS ($ Mil) |
235,919.77 |
180,357.50 |
30.81% |
|
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation |
74.48 62.44 |
74.93 62.92 |
N/A N/A |
|
DCASS Statistics (derivatives market) |
Dec 2023 |
Nov 2023 |
% Change |
|
Month-end Open Interest (contracts) |
|
|
|
|
– Equity Index Futures |
1,084,773 |
1,192,457 |
-9.0% |
|
– Stock Futures |
24,323 |
30,627 |
-20.6% |
|
– Interest Rates Futures |
25 |
50 |
-50.0% |
|
– RMB Currency Futures |
33,646 |
39,045 |
-13.8% |
|
– INR Currency Futures |
773 |
1,152 |
-32.9% |
|
– Gold Futures |
0 |
0 |
- |
|
– Silver Futures |
0 |
0 |
- |
|
– Iron Ore Futures |
0 |
0 |
- |
|
– London Metal Mini Futures |
0 |
0 |
- |
|
– Equity Index Options |
1,775,716 |
2,669,954 |
-33.5% |
|
– Stock Options |
8,925,374 |
10,850,572 |
-17.7% |
|
– RMB Currency Options |
338 |
646 |
-47.7% |
Year-to-date Statistics
|
Securities Market |
Dec 2023 YTD |
Dec 2022 YTD |
% Change |
|---|---|---|---|
|
No. of newly listed companies # |
73 |
90 |
-18.9% |
|
Average daily turnover by value ($Mil.) ^ |
105,012 |
124,907 |
-15.9% |
|
Average share traded per trading day (Mil. Shares) |
199,851 |
232,924 |
-14.2% |
|
Average no. of trades per trading day |
1,893,932 |
2,143,185 |
-11.6% |
|
Fund raised by IPOs ($Mil.)* |
46,295 |
104,622 |
-55.8% |
|
Total equity funds raised (including IPOs) ($Mil.) (Main + GEM)** |
150,712 |
254,134 |
-40.7% |
|
Derivatives Market |
Dec 2023 YTD |
Dec 2022 YTD |
% Change |
|
Average daily volume (contracts) |
|
|
|
|
– Equity Index Futures |
557,324 |
560,369 |
-0.5% |
|
– Stock Futures |
6,556 |
7,816 |
-16.1% |
|
– Interest Rates Futures |
2 |
1 |
100.0% |
|
– RMB Currency Futures |
39,886 |
18,303 |
117.9% |
|
– INR Currency Futures |
953 |
987 |
-3.4% |
|
– Gold Futures |
1 |
1,722 |
-99.9% |
|
– Silver Futures |
0 |
9 |
-100.0% |
|
– Iron Ore Futures |
0 |
23 |
-100.0% |
|
– London Metal Mini Futures |
0 |
1,263 |
-100.0% |
|
– Equity Index Options |
136,922 |
124,616 |
9.9% |
|
– Stock Options |
612,182 |
587,749 |
4.2% |
|
– RMB Currency Options |
13 |
31 |
-58.1% |
|
Clearing & Settlement |
Dec 2023 YTD |
Dec 2022 YTD |
% Change |
|
Average daily number of exchange trades handled by CCASS |
1,894,992 |
2,142,111 |
-11.54% |
|
Average daily number of settlement instructions (SIs) settled by CCASS |
98,679 |
111,805 |
-11.74% |
|
Average daily number of investor SIs (ISIs) settled by CCASS |
136 |
199 |
-31.74% |
# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Includes fund raised by initial offering by way of subscription, sales and placing
** Provisional figures only
Historical Records
up to 31 Dec 2023
Top 10 Hang Seng Index Closes
|
Rank |
Date |
Close |
|---|---|---|
|
1 |
2018/01/26 |
33154.12 |
|
2 |
2018/01/29 |
32966.89 |
|
3 |
2018/01/24 |
32958.69 |
|
4 |
2018/01/23 |
32930.70 |
|
5 |
2018/01/31 |
32887.27 |
|
6 |
2018/01/25 |
32654.45 |
|
7 |
2018/02/01 |
32642.09 |
|
8 |
2018/01/30 |
32607.29 |
|
9 |
2018/02/02 |
32601.78 |
|
10 |
2018/01/22 |
32393.41 |
Top 10 Daily Market Turnover
(Main Board and GEM)
|
Rank |
Date |
Turnover ($) |
|---|---|---|
|
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 TECH Index Futures |
437,435 |
2023/12/22 |
328,335 |
2023/12/22 |
|
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 |
32,394 |
2023/08/29 |
|
Hang Seng Index Options |
140,628 |
2021/01/11 |
594,941 |
2017/11/28 |
|
RMB Currency Futures - USD/CNH Futures |
112,385 |
2023/11/15 |
46,711 |
2017/01/04 |
|
Hang Seng China Enterprises Index Futures Options |
103,353 |
2023/07/31 |
1,207,462 |
2023/06/15 |
|
Mini-Hang Seng China Enterprises Index Futures |
76,471 |
2018/02/06 |
16,436 |
2014/12/11 |
