Highlights
- Securities Market
- Market capitalisation was $35.3 trillion at the end of December 2024, an increase of 4 per cent from $34.0 trillion at the end of November 2024, and an increase of 14 per cent from $31.0 trillion for the same period last year.
- The average daily turnover in December 2024 was $142.0 billion, an increase of 44 per cent from $98.6 billion for the same period last year.
- The average daily turnover in 2024 was $131.8 billion, an increase of 26 per cent when compared with $105.0 billion in 2023.
- The average daily turnover of CBBCs in 2024 was $6.6 billion, an increase of 8 per cent when compared with $6.1 billion in 2023.
- The average daily turnover of ETFs in 2024 was $16.0 billion, an increase of 36 per cent when compared with $11.8 billion in 2023.
- The average daily turnover of L&I Products in 2024 was $2.9 billion, an increase of 32 per cent when compared with $2.2 billion in 2023.
- The average daily turnover of Debt Securities in 2024 was $540 million, an increase of 20 per cent when compared with $450 million in 2023.
- Funds raised through IPOs# in 2024 was $87.5 billion, an increase of 89 per cent when compared with $46.3 billion in 2023.
- Total funds raised in 2024 was $190.3 billion, an increase of 22 per cent when compared with $156.0 billion in 2023.
- Derivatives Market
- The average daily volume of futures and options in 2024 was 1,550,593 contracts, an increase of 15 per cent when compared with the 1,353,839 contracts in 2023.
- The average daily volume of equity index futures in 2024 was 581,651 contracts, an increase of 4 per cent when compared with the 557,324 contracts in 2023.
- The average daily volume of equity index options in 2024 was 143,441 contracts, an increase of 5 per cent when compared with the 136,922 contracts 2023.
- The average daily volume of Stock Options in 2024 was 720,297 contracts, an increase of 18 per cent when compared with the 612,182 contracts in 2023.
- The average daily volume of Stock Futures in 2024 was 8,401 contracts, an increase of 28 per cent when compared with the 6,556 contracts in 2023.
- The average daily volume of RMB Currency Futures in 2024 was 95,368 contracts, an increase of 139 per cent when compared with the 39,886 contracts in 2023.
- On 12 December 2024, the volume of RMB Currency Futures - USD/CNH Futures reached a record high of 272,575 contracts.
# Includes fund raised by initial offering by way of subscription, sales and placing
Listed Securities (Main Board and GEM)
Month-end figures
|
|
Dec 2024 |
Dec 2023 |
End 2023 |
|---|---|---|---|
|
No. of listed companies |
2,631 |
2,609 |
2,609 |
|
Total market capitalisation ($Bil.) |
35,319.5 |
31,039.1 |
31,039.1 |
|
No. of newly listed companies * |
10 |
14 |
73 |
|
No. of listed securities |
13,248 |
12,810 |
12,810 |
|
No. of SPAC shares |
4 |
5 |
5 |
|
No. of equity warrants (excluding SPAC warrants) |
2 |
2 |
2 |
|
No. of SPAC warrants |
4 |
5 |
5 |
|
No. of derivatives warrants |
4,669 |
4,801 |
4,801 |
|
No. of inline warrants |
- |
- |
- |
|
No. of CBBCs |
4,219 |
3,578 |
3,578 |
|
No. of unit trusts |
206 |
186 |
186 |
|
No. of debt securities |
1,513 |
1,624 |
1,624 |
* Includes the number of transfer of listings from GEM to Main Board
Number of Newly Listed Securities (Main Board and GEM)
|
|
Dec 2024 |
Dec 2023 |
2023 |
|---|---|---|---|
|
Derivatives warrants |
439 |
755 |
7,967 |
|
CBBCs |
1,711 |
1,980 |
22,851 |
|
Unit trusts |
1 |
0 |
16 |
|
Debt securities |
21 |
26 |
222 |
Securities Market Turnover (Main Board and GEM)
|
|
Dec 2024 |
Nov 2024 |
% Change |
|---|---|---|---|
|
Monthly turnover ($Mil.) * |
2,839,152 |
3,391,291 |
-16.3% |
|
Average daily turnover by value ($Mil.) * |
141,958 |
161,490 |
-12.1% |
|
No. of trading days |
20 |
21 |
- |
* Turnover value for securities traded in non-Hong Kong dollar currency have been included
Stock Connect Summary
|
|
Dec 2024 |
Nov 2024 |
% Change |
|---|---|---|---|
|
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks) |
190,552 |
237,943 |
-19.9% |
|
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks) |
66,076 |
70,718 |
-6.6% |
|
No. of Northbound trading days |
20 |
21 |
- |
|
No. of Southbound trading days |
20 |
21 |
- |
Turnover by Type of Securities (Main Board and GEM)
|
|
Dec 2024 ($Mil) |
Nov 2024 ($Mil) |
% Change |
|---|---|---|---|
|
Equities |
2,176,906.89 |
2,511,836.54 |
-13.3% |
|
Derivative warrants |
94,273.49 (3.3%) |
147,136.32 |
-35.9% |
|
CBBCs |
125,390.48 (4.4%) |
172,387.33 (5.1%) |
-27.3% |
|
Unit Trusts (include ETFs) |
434,487.45 |
551,222.76 |
-21.2% |
( ) % 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 2024 ($Mil) |
Nov 2024 ($Mil) |
% Change |
|---|---|---|---|
|
Equities |
108,845.34 |
119,611.26 |
-9.0% |
|
Derivative warrants |
4,713.67 |
7,006.49 |
-32.7% |
|
CBBCs |
6,269.52 |
8,208.92 |
-23.6% |
|
Unit trusts (include ETFs) |
21,724.37 |
26,248.70 |
-17.2% |
|
Others |
404.68 |
414.66 |
-2.4% |
|
Total |
141,957.60 |
161,490.04 |
-12.1% |
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 2024 was $23,557 million (0.8% of the securities market total turnover).
Mainland Enterprises (Main Board and GEM)
Month-end figures
|
|
Dec 2024 |
Dec 2023 |
End 2023 |
|---|---|---|---|
|
No. of H shares |
364 |
339 |
339 |
|
No. of Non-H share Mainland enterprises |
1,114 |
1,108 |
1,108 |
|
Market capitalisation (% of market total) |
79.8% |
76.5% |
76.5% |
|
Turnover value (% of equity turnover) |
90.8% |
86.5% |
87.1% |
Index Performance
Month-end figures
|
|
Dec 2024 |
% Change |
% Change |
|---|---|---|---|
|
S&P/HKEX LargeCap Index |
29813.98 |
3.0% |
22.0% |
|
S&P/HKEX GEM Index |
18.43 |
2.1% |
-15.6% |
|
Hang Seng Index |
20059.95 |
3.3% |
17.7% |
|
Hang Seng China Enterprises Index |
7289.89 |
4.9% |
26.4% |
|
Hang Seng China-Affiliated Corporations Index* |
3780.97 |
6.8% |
12.8% |
|
CES China 120 Index ^ |
6044.57 |
3.4% |
23.1% |
|
CES China HK Mainland Index + |
5597.52 |
4.2% |
23.5% |
* - 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)* |
||
|---|---|---|---|
|
Dec 2024 |
Nov 2024 |
% Change |
|
|
Total Futures |
591,971 |
654,353 |
-9.5% |
|
Hang Seng Index Futures |
107,197 |
126,814 |
-15.5% |
|
Mini Hang Seng Index Futures |
72,879 |
85,112 |
-14.4% |
|
HSI (Gross Total Return Index) Futures |
0 |
0 |
- |
|
HSI (Net Total Return Index) Futures |
0 |
0 |
- |
|
Hang Seng China Enterprises Index Futures |
143,256 |
163,312 |
-12.3% |
|
Mini-Hang Seng China Enterprises Index Futures |
8,230 |
9,728 |
-15.4% |
|
HSCEI (Gross Total Return Index) Futures |
0 |
0 |
- |
|
HSCEI (Net Total Return Index) Futures |
0 |
0 |
- |
|
HSI Dividend Point Index Futures |
0 |
10 |
-100.0% |
|
HSCEI Dividend Point Index Futures |
25 |
383 |
-93.5% |
|
HSI Volatility Index Futures |
0 |
0 |
- |
|
Hang Seng TECH Index Futures |
98,983 |
117,160 |
-15.5% |
|
MSCI AC Asia ex Japan NTR Index Futures |
1,402 |
321 |
336.8% |
|
MSCI Australia Net Total Return (USD) Index Futures |
0 |
0 |
- |
|
MSCI China A 50 Connect (USD) Index Futures |
11,603 |
13,907 |
-16.6% |
|
MSCI China (USD) Index Futures |
0 |
0 |
- |
|
MSCI China Net Total Return (USD) Index Futures |
1,360 |
173 |
686.1% |
|
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 |
489 |
23 |
2026.1% |
|
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 |
3 |
0 |
- |
|
MSCI Hong Kong Net Total Return (USD) Index Futures |
279 |
28 |
896.4% |
|
MSCI India (USD) Index Futures |
4,356 |
4,408 |
-1.2% |
|
MSCI India Net Total Return (USD) Index Futures |
72 |
83 |
-13.3% |
|
MSCI Indonesia (USD) Index Futures |
0 |
0 |
- |
|
MSCI Indonesia Net Total Return (USD) Index Futures |
1,012 |
144 |
602.8% |
|
MSCI Japan Net Total Return (USD) Index Futures |
5 |
0 |
- |
|
MSCI Malaysia (USD) Index Futures |
0 |
0 |
- |
|
MSCI Malaysia Net Total Return (USD) Index Futures |
187 |
1 |
18600.0% |
|
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 |
75 |
0 |
- |
|
MSCI Philippines Net Total Return (USD) Index Futures |
1 |
6 |
-83.3% |
|
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 |
3,452 |
4,721 |
-26.9% |
|
MSCI Taiwan 25/50 (USD) Index Futures |
5 |
12 |
-58.3% |
|
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures |
0 |
0 |
- |
|
MSCI Taiwan Net Total Return (USD) Index Futures |
114 |
23 |
395.7% |
|
MSCI Thailand (USD) Index Futures |
0 |
0 |
- |
|
MSCI Thailand Net Total Return (USD) Index Futures |
1,519 |
357 |
325.5% |
|
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 |
5,780 |
6,270 |
-7.8% |
|
3-Month HIBOR Futures |
1 |
2 |
-50.0% |
|
1-Month HIBOR Futures |
0 |
0 |
- |
|
RMB Currency Futures - USD/CNH Futures |
127,154 |
117,673 |
8.1% |
|
RMB Currency Futures - Mini USD/CNH Futures |
1,479 |
2,169 |
-31.8% |
|
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 |
3 |
0 |
- |
|
INR Currency Futures - INR/USD Futures |
1,050 |
1,512 |
-30.6% |
|
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 |
724,620 |
808,689 |
-10.4% |
|
Hang Seng Index Options |
11,837 |
13,614 |
-13.1% |
|
Mini Hang Seng Index Options |
10,692 |
12,660 |
-15.5% |
|
Weekly Hang Seng Index Options |
11,802 |
13,473 |
-12.4% |
|
Flexible Hang Seng Index Options |
0 |
0 |
- |
|
Hang Seng Index Futures Options |
3,984 |
3,919 |
1.7% |
|
Hang Seng China Enterprises Index Options |
18,567 |
27,259 |
-31.9% |
|
Mini-Hang Seng China Enterprises Index Options |
2,393 |
3,409 |
-29.8% |
|
Weekly Hang Seng China Enterprises Index Options |
1,651 |
1,842 |
-10.4% |
|
Flexible Hang Seng China Enterprises Index Options |
0 |
0 |
- |
|
Hang Seng China Enterprises Index Futures Options |
32,191 |
45,226 |
-28.8% |
|
Hang Seng TECH Index Options |
1,226 |
1,437 |
-14.7% |
|
Weekly Hang Seng TECH Index Options |
413 |
434 |
-4.8% |
|
Hang Seng TECH Index Futures Options |
1,462 |
2,721 |
-46.3% |
|
MSCI Taiwan (USD) Index Options |
0 |
0 |
- |
|
Stock Options |
628,388 |
682,675 |
-8.0% |
|
RMB Currency Options - USD/CNH Options |
14 |
20 |
-30.0% |
|
Total Futures and Options |
1,316,591 |
1,463,042 |
-10.0% |
* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Dec 2024 and Nov 2024 are 22 days (with 2 holiday trading days) and 21 days (without holiday trading day) respectively
- For list of holiday trading products, please see link here.
Clearing and Settlement
|
CCASS Statistics (securities market) |
Dec 2024 |
Nov 2024 |
% Change |
|---|---|---|---|
|
Average daily number of exchange trades settled by CCASS |
2,334,875 |
2,594,723 |
-10.01% |
|
Average daily number of settlement instructions (“SIs”) settled by CCASS |
89,321 |
100,772 |
-11.36% |
|
Average daily number of investor SIs (“ISIs”) settled by CCASS |
123 |
120 |
2.38% |
|
Average daily settlement efficiency of CNS stock positions on due day (T+2) |
99.93 |
99.89 |
N/A |
|
Average daily value of SIs settled by CCASS ($ Mil) |
243,207.25 |
277,776.68 |
-12.45% |
|
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation |
75.05 63.77 |
74.96 63.79 |
N/A N/A |
|
DCASS Statistics (derivatives market) |
Dec 2024 |
Nov 2024 |
% Change |
|
Month-end Open Interest (contracts) |
|
|
|
|
– Equity Index Futures |
648,287 |
821,802 |
-21.1% |
|
– Stock Futures |
24,693 |
29,456 |
-16.2% |
|
– Interest Rates Futures |
100 |
90 |
11.1% |
|
– RMB Currency Futures |
37,537 |
32,111 |
16.9% |
|
– INR Currency Futures |
153 |
301 |
-49.2% |
|
– Gold Futures |
0 |
0 |
- |
|
– Silver Futures |
0 |
0 |
- |
|
– Iron Ore Futures |
0 |
0 |
- |
|
– London Metal Mini Futures |
0 |
0 |
- |
|
– Equity Index Options |
1,139,868 |
2,095,770 |
-45.6% |
|
– Stock Options |
10,935,536 |
14,596,112 |
-25.1% |
|
– RMB Currency Options |
371 |
523 |
-29.1% |
Year-to-date Statistics
|
Securities Market |
Dec 2024 YTD |
Dec 2023 YTD |
% Change |
|---|---|---|---|
|
No. of newly listed companies # |
71 |
73 |
-2.7% |
|
Average daily turnover by value ($Mil.) ^ |
131,825 |
105,012 |
25.5% |
|
Average share traded per trading day (Mil. Shares) |
219,713 |
199,851 |
9.9% |
|
Average no. of trades per trading day |
2,255,822 |
1,893,932 |
19.1% |
|
Fund raised by IPOs ($Mil.)* |
87,478 |
46,321 |
88.9% |
|
Total funds raised (including IPOs) ($Mil.)** |
190,319 |
155,975 |
22.0% |
|
Derivatives Market |
Dec 2024 YTD |
Dec 2023 YTD |
% Change |
|
Average daily volume (contracts) |
|
|
|
|
– Equity Index Futures |
581,651 |
557,324 |
4.4% |
|
– Stock Futures |
8,401 |
6,556 |
28.1% |
|
– Interest Rates Futures |
1 |
2 |
-50.0% |
|
– RMB Currency Futures |
95,368 |
39,886 |
139.1% |
|
– INR Currency Futures |
1,427 |
953 |
49.7% |
|
– Gold Futures |
0 |
1 |
-100.0% |
|
– Silver Futures |
0 |
0 |
- |
|
– Iron Ore Futures |
0 |
0 |
- |
|
– London Metal Mini Futures |
0 |
0 |
- |
|
– Equity Index Options |
143,441 |
136,922 |
4.8% |
|
– Stock Options |
720,297 |
612,182 |
17.7% |
|
– RMB Currency Options |
7 |
13 |
-46.2% |
|
Clearing & Settlement |
Dec 2024 YTD |
Dec 2023 YTD |
% Change |
|
Average daily number of exchange trades handled by CCASS |
2,255,872 |
1,894,992 |
19.04% |
|
Average daily number of settlement instructions (SIs) settled by CCASS |
98,805 |
98,679 |
0.13% |
|
Average daily number of investor SIs (ISIs) settled by CCASS |
147 |
136 |
7.96% |
# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Includes fund raised by initial offering by way of subscription, sales and placing
** Provisional figures only
Historical Records
up to 31 Dec 2024
Top 10 Hang Seng Index Closes
|
Rank |
Date |
Close |
|---|---|---|
|
1 |
2018/01/26 |
33154.12 |
|
2 |
2018/01/29 |
32966.89 |
|
3 |
2018/01/24 |
32958.69 |
|
4 |
2018/01/23 |
32930.70 |
|
5 |
2018/01/31 |
32887.27 |
|
6 |
2018/01/25 |
32654.45 |
|
7 |
2018/02/01 |
32642.09 |
|
8 |
2018/01/30 |
32607.29 |
|
9 |
2018/02/02 |
32601.78 |
|
10 |
2018/01/22 |
32393.41 |
Top 10 Daily Market Turnover
(Main Board and GEM)
|
Rank |
Date |
Turnover ($) |
|---|---|---|
|
1 |
2024/10/08 |
620,652,311,319 |
|
2 |
2024/09/30 |
505,919,660,550 |
|
3 |
2024/09/27 |
445,803,810,579 |
|
4 |
2024/10/02 |
434,202,623,180 |
|
5 |
2024/10/09 |
427,128,350,282 |
|
6 |
2021/07/27 |
361,238,455,648 |
|
7 |
2021/02/24 |
354,330,826,815 |
|
8 |
2024/10/10 |
325,453,707,810 |
|
9 |
2021/02/26 |
321,313,602,377 |
|
10 |
2024/10/03 |
310,525,253,810 |
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 |
2,433,968 |
2024/09/27 |
18,022,363 |
2024/11/27 |
|
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 |
340,150 |
2024/10/09 |
35,820 |
2024/01/23 |
|
RMB Currency Futures - USD/CNH Futures |
272,575 |
2024/12/12 |
46,711 |
2017/01/04 |
|
Hang Seng Index Options |
140,628 |
2021/01/11 |
594,941 |
2017/11/28 |
|
Hang Seng China Enterprises Index Futures Options |
137,469 |
2024/10/09 |
1,230,141 |
2024/11/14 |
|
Mini-Hang Seng China Enterprises Index Futures |
76,471 |
2018/02/06 |
16,436 |
2014/12/11 |
