Highlights
- Hong Kong stocks outperformed Mainland A shares in 2016. CES A80 and CES SCHK100 were down 6.1 per cent and 1 per cent respectively while cross-border CES 120 was resilient, up 0.2 per cent.
- Shenzhen Connect officially kicked off, resulting in a huge market of RMB70 trillion comprising Hong Kong, Shanghai and Shenzhen stocks. CES 300, which fully reflects the performance of eligible stocks under the Connect programme, shed 1.9 per cent.
- CES G10 gained 27.7 per cent during the year and had a risk-adjusted yield of 0.9, which was higher than those of broad base indices.
- Taiwan stocks were Asia’s best performers with a cumulative gain of 11 per cent in the whole of 2016. Mainland A shares were the worst performing, with CSI 300 retreating 11.3 per cent.
- The RMB was added to the IMF’s Special Drawing Rights (SDR) basket, which already included USD, EUR, JPY and GBP.
- Open interest of HKEX’s USD/CNH futures hit an all-time high of 45,635 contracts.
- Offshore ETFs on physical A shares are mainly issued in Hong Kong and now have total assets amounting to more than RMB28 billion.
- Singapore’s A-share index futures saw no growth, with full-year trading volume down 18 per cent from 2015.
Click here for full details.
