HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $42.4 trillion at the end of October 2026.
The average daily turnover in October 2026 was $180.7 billion.
The average daily turnover for the first ten months of 2026 was $263.8 billion, an increase of 2 per cent when compared with $258.2 billion for the same period last year.
The average daily turnover of CBBCs for the first ten months of 2026 was $12.0 billion, an increase of 15 per cent when compared with $10.4 billion for the same period last year.
The average daily turnover of ETFs for the first ten months of 2026 was $37.1 billion, an increase of 8 per cent when compared with $34.3 billion for the same period last year.
The average daily turnover of L&I Products for the first ten months of 2026 was $9.5 billion, an increase of 164 per cent when compared with $3.6 billion for the same period last year.
There were 121* newly listed companies for the first ten months of 2026, an increase of 49 per cent when compared with 81** for the same period last year.
Funds raised through IPOs# for the first ten months of 2026 was $403.9 billion, an increase of 84 per cent when compared with $219.0 billion for the same period last year.
Total funds raised for the first ten months of 2026 was $753.8 billion, an increase of 47 per cent when compared with $511.1 billion for the same period last year.
There were 30 newly listed debt securities in October 2026, raising a total of HK$104.6 billion equivalent.
Total debt issuance volume for the first ten months of 2026 was HK$834.0 billion equivalent, with 240 debt securities newly listed.

- Derivatives Market

The average daily volume of futures and options for the first ten months of 2026 was 1,705,381 contracts, an increase of 1 per cent when compared with the 1,696,752 contracts for the same period last year.
The average daily volume of equity index futures for the first ten months of 2026 was 595,810 contracts, an increase of 5 per cent when compared with the 568,701 contracts for the same period last year.
The average daily volume of equity index options for the first ten months of 2026 was 131,070 contracts, an increase of 14 per cent when compared with the 115,461 contracts for the same period last year.
On 16 October 2026, the volume of USD Gold Futures reached a record high of 30,132 contracts.
On 2 October 2026, the volume of Weekly Hang Seng China Enterprises Index Options reached a record high of 56,630 contracts.
On 30 October 2026, the volume of Weekly Hang Seng TECH Index Options reached a record high of 20,002 contracts.

* Includes 2 listings from GEM to Main Board
** Includes 1 listing from GEM to Main Board and 1 de-SPAC transaction
# Includes fund raised by initial offering by way of subscription, sales and placing

Listed Securities (Main Board and GEM)

Month-end figures

	Oct 2026	Oct 2025	End 2025
No. of listed companies	2,765	2,662	2,686
Total market capitalisation ($Bil.)	42,404.8	48,136.3	47,392.5
No. of newly listed companies *	3	12	119
No. of listed securities	17,058	17,016	16,969
No. of SPAC shares	-	1	0
No. of equity warrants (excluding SPAC warrants)	6	4	5
No. of SPAC warrants	-	1	0
No. of derivatives warrants	6,819	6,715	7,012
No. of inline warrants	-	-	-
No. of CBBCs	5,868	6,047	5,673
No. of unit trusts	286	240	240
No. of debt securities	1,312	1,345	1,351

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

Number of Newly Listed Securities (Main Board and GEM)

	Oct 2026	Oct 2025	2025
Derivatives warrants	795	1,157	10,266
CBBCs	2,276	3,116	31,444
Unit trusts	3	5	48
Debt securities	30	21	329

Securities Market Turnover (Main Board and GEM)

	Oct 2026	Sep 2026	% Change
Monthly turnover ($Mil.) *	3,613,013	4,442,170	-18.7%
Average daily turnover by value ($Mil.) *	180,651	201,917	-10.5%
No. of trading days	20	22	-

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

Stock Connect Summary

	Oct 2026	Sep 2026	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	250,304	256,436	-2.4%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	73,678	84,445	-12.8%
No. of Northbound trading days	16	21	-
No. of Southbound trading days	16	21	-

Turnover by Type of Securities (Main Board and GEM)

	Oct 2026 ($Mil)	Sep 2026 ($Mil)	% Change
Equities	2,691,996.74 (74.5%)	3,437,551.10 (77.4%)	-21.7%
Derivative warrants	68,307.19 (1.9%)	90,731.23 (2.0%)	-24.7%
CBBCs	183,646.21 (5.1%)	201,060.72 (4.5%)	-8.7%
Unit Trusts (include ETFs)	661,020.90 (18.3%)	707,308.98 (15.9%)	-6.5%

Oct 2026

($Mil)

Sep 2026

($Mil)

% Change

Equities

2,691,996.74

(74.5%)

3,437,551.10

(77.4%)

-21.7%

Derivative warrants

68,307.19

(1.9%)

90,731.23

(2.0%)

-24.7%

CBBCs

183,646.21

(5.1%)

201,060.72

(4.5%)

-8.7%

Unit Trusts

(include ETFs)

661,020.90

(18.3%)

707,308.98

(15.9%)

-6.5%

( ) % 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)

	Oct 2026 ($Mil)	Sep 2026 ($Mil)	% Change
Equities	134,599.84	156,252.32	-13.9%
Derivative warrants	3,415.36	4,124.15	-17.2%
CBBCs	9,182.31	9,139.12	0.5%
Unit trusts (include ETFs)	33,051.04	32,150.41	2.8%
Others	402.09	250.82	60.3%
Total	180,650.64	201,916.82	-10.5%

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

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Oct 2026	Oct 2025	End 2025
No. of H shares	539	411	433
No. of Non-H share Mainland enterprises	1,114	1,114	1,119
Market capitalisation (% of market total)	77.2%	80.5%	79.3%
Turnover value (% of equity turnover)	87.4%	90.3%	90.9%

Index Performance

Month-end figures

	Oct 2026	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	31380.87	-5.0%	-19.6%
S&P/HKEX GEM Index	19.77	-3.7%	-7.1%
Hang Seng Index	23294.42	-5.4%	-10.1%
Hang Seng China Enterprises Index	7862.22	-4.4%	-14.2%
Hang Seng China-Affiliated Corporations Index*	3919.94	-3.7%	-3.6%
CES China 120 Index ^	5804.81	-5.8%	-20.7%
CES China HK Mainland Index +	5961.12	-4.0%	-15.4%

* - 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)*
	Oct 2026	Sep 2026	% Change
Total Futures	608,960	555,406	9.6%
Hang Seng Index Futures	109,421	98,006	11.6%
Mini Hang Seng Index Futures	72,026	67,595	6.6%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	148,544	130,368	13.9%
Mini-Hang Seng China Enterprises Index Futures	7,117	6,503	9.4%
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	0	45	-100.0%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	188,726	147,506	27.9%
Hang Seng Biotech Index Futures	282	279	1.1%
MSCI AC Asia ex Japan NTR Index Futures	68	941	-92.8%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	17,042	11,280	51.1%
MSCI China (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	68	603	-88.7%
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	9	-44.4%
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	45	50	-10.0%
MSCI India (USD) Index Futures	1	12	-91.7%
MSCI India Net Total Return (USD) Index Futures	4	51	-92.2%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	0	120	-100.0%
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	1	200.0%
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	0	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	2,220	2,292	-3.1%
MSCI Taiwan 25/50 (USD) Index Futures	0	1	-100.0%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	0	170	-100.0%
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 Banks Index Futures	0	0	-
Stock Futures	4,577	3,857	18.7%
5-Year China Government Bond Futures	1,198	1,638	-26.9%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	43,949	74,842	-41.3%
RMB Currency Futures - Mini USD/CNH Futures	89	131	-32.1%
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 #	-	0	-
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	13,574	9,105	49.1%
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	965,048	932,718	3.5%
Hang Seng Index Options	16,264	12,862	26.5%
Mini Hang Seng Index Options	12,383	9,919	24.8%
Weekly Hang Seng Index Options	16,667	14,385	15.9%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	2,102	2,037	3.2%
Hang Seng China Enterprises Index Options	17,610	18,123	-2.8%
Mini-Hang Seng China Enterprises Index Options	2,405	1,999	20.3%
Weekly Hang Seng China Enterprises Index Options	16,910	5,921	185.6%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	16,971	17,504	-3.0%
Hang Seng TECH Index Options	6,749	5,372	25.6%
Weekly Hang Seng TECH Index Options	5,761	3,814	51.0%
Hang Seng TECH Index Futures Options	5,688	3,733	52.4%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	845,537	837,048	1.0%
RMB Currency Options - USD/CNH Options	1	1	0.0%
Total Futures and Options	1,574,008	1,488,124	5.8%

# Trading suspended from 29 Sep 2026
* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Oct 2026 and Sep 2026 are 22 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)	Oct 2026	Sep 2026	% Change
Average daily number of exchange trades settled by CCASS	3,496,271	3,671,541	-4.77%
Average daily number of settlement instructions (“SIs”) settled by CCASS	130,799	134,556	-2.79%
Average daily number of investor SIs (“ISIs”) settled by CCASS	74	97	-23.71%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.91	N/A
Average daily value of SIs settled by CCASS ($ Mil)	387,026.89	450,571.90	-14.10%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.47 63.30	76.50 64.72	N/A N/A
DCASS Statistics (derivatives market)	Oct 2026	Sep 2026	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	774,469	707,094	9.5%
– Stock Futures	20,154	20,467	-1.5%
– Bond Futures	4,453	3,536	25.9%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	31,006	35,030	-11.5%
– INR Currency Futures	0	0	-
– Gold Futures	928	1,558	-40.4%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	1,623,559	1,326,507	22.4%
– Stock Options	17,494,798	16,447,297	6.4%
– RMB Currency Options	145	126	15.1%

Year-to-date Statistics

Securities Market	Oct 2026 YTD	Oct 2025 YTD	% Change
No. of newly listed companies #	121	81	49.4%
Average daily turnover by value ($Mil.) ^	263,811	258,225	2.2%
Average share traded per trading day (Mil. Shares)	327,042	304,891	7.3%
Average no. of trades per trading day	4,210,970	3,852,566	9.3%
Fund raised by IPOs ($Mil.)*	403,857	218,977	84.4%
Total funds raised (including IPOs) ($Mil.)**	753,801	511,050	47.5%
Derivatives Market	Oct 2026 YTD	Oct 2025 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	595,810	568,701	4.8%
– Stock Futures	6,977	8,538	-18.3%
– Bond Futures	1,518	-	-
– Interest Rates Futures	0	5	-100.0%
– RMB Currency Futures	71,700	107,126	-33.1%
– INR Currency Futures	0	26	-100.0%
– Gold Futures	4,496	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	131,070	115,461	13.5%
– Stock Options	893,809	896,891	-0.3%
– RMB Currency Options	1	4	-75.0%
Clearing & Settlement	Oct 2026 YTD	Oct 2025 YTD	% Change
Average daily number of exchange trades handled by CCASS	4,231,756	3,852,617	9.84%
Average daily number of settlement instructions (SIs) settled by CCASS	140,717	124,973	12.60%
Average daily number of investor SIs (ISIs) settled by CCASS	123	345	-64.35%

# 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 Oct 2026

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	2025/04/07	621,004,299,400
2	2024/10/08	620,652,311,319
3	2024/09/30	505,919,660,550
4	2025/10/13	490,739,712,231
5	2026/05/29	462,159,353,909
6	2024/09/27	445,803,810,579
7	2024/10/02	434,202,623,180
8	2025/04/08	433,215,056,869
9	2024/10/09	427,128,350,282
10	2025/09/18	413,486,347,174

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	22,367,999	2026/09/25
Hang Seng China Enterprises Index Futures	651,086	2023/04/25	758,877	2022/12/28
Hang Seng TECH Index Futures	523,692	2026/05/26	337,041	2026/01/27
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
RMB Currency Futures - USD/CNH Futures	372,095	2025/08/12	46,711	2017/01/04
Mini Hang Seng Index Futures	340,150	2024/10/09	35,820	2024/01/23
Hang Seng TECH Index Futures Options	208,378	2026/02/04	575,029	2026/02/04
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

Updated 31 Oct 2026