HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $47.2 trillion at the end of August 2026, an increase of 1 per cent from $46.8 trillion at the end of July 2026, and an increase of 1 per cent from $46.6 trillion for the same period last year.
The average daily turnover in August 2026 was $253.4 billion.
The average daily turnover for the first eight months of 2026 was $282.5 billion, an increase of 14 per cent when compared with $248.3 billion for the same period last year.
The average daily turnover of CBBCs for the first eight months of 2026 was $12.7 billion, an increase of 32 per cent when compared with $9.6 billion for the same period last year.
The average daily turnover of ETFs for the first eight months of 2026 was $39.8 billion, an increase of 18 per cent when compared with $33.7 billion for the same period last year.
The average daily turnover of L&I Products for the first eight months of 2026 was $10.4 billion, an increase of 181 per cent when compared with $3.7 billion for the same period last year.
There were 106* newly listed companies for the first eight months of 2026, an increase of 80 per cent when compared with 59** for the same period last year.
Funds raised through IPOs# for the first eight months of 2026 was $342.4 billion, an increase of 153 per cent when compared with $135.1 billion for the same period last year.
Total funds raised for the first eight months of 2026 was $651.3 billion, an increase of 76 per cent when compared with $371.1 billion for the same period last year.
There were 20 newly listed debt securities in August 2026, raising a total of HK$49.8 billion equivalent.
Total debt issuance volume for the first eight months of 2026 was HK$631.1 billion equivalent, with 174 debt securities newly listed.

- Derivatives Market

The average daily volume of futures and options for the first eight months of 2026 was 1,751,409 contracts, an increase of 5 per cent when compared with the 1,660,900 contracts for the same period last year.
The average daily volume of equity index futures for the first eight months of 2026 was 619,634 contracts, an increase of 10 per cent when compared with the 564,603 contracts for the same period last year.
The average daily volume of equity index options for the first eight months of 2026 was 137,304 contracts, an increase of 23 per cent when compared with the 111,956 contracts for the same period last year.
The average daily volume of Stock Options for the first eight months of 2026 was 907,477 contracts, an increase of 5 per cent when compared with the 863,627 contracts for the same period last year.
On 21 August 2026, the volume of USD Gold Futures reached a record high of 27,922 contracts.
On 28 August 2026, the volume of Weekly Hang Seng China Enterprises Index Options reached a record high of 18,977 contracts.
On 28 August 2026, the volume of Weekly Hang Seng TECH Index Options reached a record high of 14,516 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

	Aug 2026	Aug 2025	End 2025
No. of listed companies	2,761	2,652	2,686
Total market capitalisation ($Bil.)	47,154.7	46,587.4	47,392.5
No. of newly listed companies *	2	6	119
No. of listed securities	17,706	15,863	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	7,244	6,093	7,012
No. of inline warrants	-	-	-
No. of CBBCs	6,110	5,497	5,673
No. of unit trusts	264	229	240
No. of debt securities	1,319	1,384	1,351

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

Number of Newly Listed Securities (Main Board and GEM)

	Aug 2026	Aug 2025	2025
Derivatives warrants	780	941	10,266
CBBCs	2,256	2,386	31,444
Unit trusts	2	3	48
Debt securities	20	33	329

Securities Market Turnover (Main Board and GEM)

	Aug 2026	Jul 2026	% Change
Monthly turnover ($Mil.) *	5,320,507	6,759,169	-21.3%
Average daily turnover by value ($Mil.) *	253,357	307,235	-17.5%
No. of trading days	21	22	-

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

Stock Connect Summary

	Aug 2026	Jul 2026	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	300,026	369,758	-18.9%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	107,256	129,216	-17.0%
No. of Northbound trading days	21	22	-
No. of Southbound trading days	21	22	-

Turnover by Type of Securities (Main Board and GEM)

	Aug 2026 ($Mil)	Jul 2026 ($Mil)	% Change
Equities	4,062,244.36 (76.4%)	4,885,130.06 (72.3%)	-16.8%
Derivative warrants	99,380.70 (1.9%)	123,512.21 (1.8%)	-19.5%
CBBCs	212,072.05 (4.0%)	297,933.28 (4.4%)	-28.8%
Unit Trusts (include ETFs)	938,883.41 (17.6%)	1,446,703.41 (21.4%)	-35.1%

Aug 2026

($Mil)

Jul 2026

($Mil)

% Change

Equities

4,062,244.36

(76.4%)

4,885,130.06

(72.3%)

-16.8%

Derivative warrants

99,380.70

(1.9%)

123,512.21

(1.8%)

-19.5%

CBBCs

212,072.05

(4.0%)

297,933.28

(4.4%)

-28.8%

Unit Trusts

(include ETFs)

938,883.41

(17.6%)

1,446,703.41

(21.4%)

-35.1%

( ) % 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)

	Aug 2026 ($Mil)	Jul 2026 ($Mil)	% Change
Equities	193,440.21	222,051.37	-12.9%
Derivative warrants	4,732.41	5,614.19	-15.7%
CBBCs	10,098.67	13,542.42	-25.4%
Unit trusts (include ETFs)	44,708.73	65,759.25	-32.0%
Others	377.47	267.72	41.0%
Total	253,357.50	307,234.94	-17.5%

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

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Aug 2026	Aug 2025	End 2025
No. of H shares	526	396	433
No. of Non-H share Mainland enterprises	1,117	1,117	1,119
Market capitalisation (% of market total)	77.6%	81.0%	79.3%
Turnover value (% of equity turnover)	90.0%	91.1%	90.9%

Index Performance

Month-end figures

	Aug 2026	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	34746.52	-2.2%	-5.4%
S&P/HKEX GEM Index	21.39	9.6%	10.9%
Hang Seng Index	25566.99	-1.2%	2.0%
Hang Seng China Enterprises Index	8513.18	-1.1%	-4.9%
Hang Seng China-Affiliated Corporations Index*	4170.36	-0.5%	-2.4%
CES China 120 Index ^	6466.38	-1.9%	-7.3%
CES China HK Mainland Index +	6463.12	-1.8%	-4.2%

* - 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)*
	Aug 2026	Jul 2026	% Change
Total Futures	560,003	764,826	-26.8%
Hang Seng Index Futures	100,757	135,324	-25.5%
Mini Hang Seng Index Futures	71,922	109,056	-34.1%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	125,866	180,990	-30.5%
Mini-Hang Seng China Enterprises Index Futures	6,731	10,213	-34.1%
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	0	136	-100.0%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	154,986	226,464	-31.6%
Hang Seng Biotech Index Futures	423	326	29.8%
MSCI AC Asia ex Japan NTR Index Futures	259	81	219.8%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	11,794	19,965	-40.9%
MSCI China (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	164	73	124.7%
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	6	9	-33.3%
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	33	55	-40.0%
MSCI India (USD) Index Futures	15	16	-6.3%
MSCI India Net Total Return (USD) Index Futures	7	4	75.0%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	6	34	-82.4%
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	1	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	2,760	3,382	-18.4%
MSCI Taiwan 25/50 (USD) Index Futures	2	2	0.0%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	1	2	-50.0%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	5	10	-50.0%
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	4,385	7,075	-38.0%
5-Year China Government Bond Futures #	1,727	-	-
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	65,420	63,341	3.3%
RMB Currency Futures - Mini USD/CNH Futures	96	81	18.5%
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	0	-
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	12,637	8,187	54.4%
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	870,882	966,441	-9.9%
Hang Seng Index Options	12,980	17,998	-27.9%
Mini Hang Seng Index Options	9,953	18,803	-47.1%
Weekly Hang Seng Index Options	11,265	20,669	-45.5%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	1,627	1,971	-17.5%
Hang Seng China Enterprises Index Options	18,937	23,844	-20.6%
Mini-Hang Seng China Enterprises Index Options	2,117	4,771	-55.6%
Weekly Hang Seng China Enterprises Index Options	3,827	2,320	65.0%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	13,266	22,675	-41.5%
Hang Seng TECH Index Options	5,271	7,093	-25.7%
Weekly Hang Seng TECH Index Options	3,007	2,135	40.8%
Hang Seng TECH Index Futures Options	3,514	7,500	-53.1%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	785,117	836,662	-6.2%
RMB Currency Options - USD/CNH Options	1	0	-
Total Futures and Options	1,430,885	1,731,267	-17.4%

# Trading commenced on 3 August 2026
* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Aug 2026 and Jul 2026 are 21 days (without holiday trading day) and 23 days (with 1 holiday trading day) respectively
- For list of holiday trading products, please see link here.

Clearing and Settlement

CCASS Statistics (securities market)	Aug 2026	Jul 2026	% Change
Average daily number of exchange trades settled by CCASS	4,045,567	4,784,955	-15.45%
Average daily number of settlement instructions (“SIs”) settled by CCASS	132,677	137,930	-3.81%
Average daily number of investor SIs (“ISIs”) settled by CCASS	117	128	-8.59%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.91	N/A
Average daily value of SIs settled by CCASS ($ Mil)	446,366.92	495,167.60	-9.86%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.64 65.28	76.37 64.72	N/A N/A
DCASS Statistics (derivatives market)	Aug 2026	Jul 2026	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	652,530	658,560	-0.9%
– Stock Futures	21,390	25,155	-15.0%
– Bond Futures	2,582	-	-
– Interest Rates Futures	5	0	-
– RMB Currency Futures	32,586	30,508	6.8%
– INR Currency Futures	0	0	-
– Gold Futures	1,210	1,144	5.8%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	1,615,213	1,687,715	-4.3%
– Stock Options	18,347,816	16,986,715	8.0%
– RMB Currency Options	213	189	12.7%

Year-to-date Statistics

Securities Market	Aug 2026 YTD	Aug 2025 YTD	% Change
No. of newly listed companies #	106	59	79.7%
Average daily turnover by value ($Mil.) ^	282,483	248,283	13.8%
Average share traded per trading day (Mil. Shares)	343,381	289,930	18.4%
Average no. of trades per trading day	4,372,472	3,683,105	18.7%
Fund raised by IPOs ($Mil.)*	342,363	135,080	153.5%
Total funds raised (including IPOs) ($Mil.)**	651,270	371,133	75.5%
Derivatives Market	Aug 2026 YTD	Aug 2025 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	619,634	564,603	9.7%
– Stock Futures	7,696	8,550	-10.0%
– Bond Futures	1,727	-	-
– Interest Rates Futures	0	7	-100.0%
– RMB Currency Futures	74,820	112,121	-33.3%
– INR Currency Futures	0	32	-100.0%
– Gold Futures	2,750	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	137,304	111,956	22.6%
– Stock Options	907,477	863,627	5.1%
– RMB Currency Options	1	4	-75.0%
Clearing & Settlement	Aug 2026 YTD	Aug 2025 YTD	% Change
Average daily number of exchange trades handled by CCASS	5,059,622	3,683,159	37.37%
Average daily number of settlement instructions (SIs) settled by CCASS	142,790	121,305	17.71%
Average daily number of investor SIs (ISIs) settled by CCASS	132	351	-62.39%

# 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 Aug 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	22,181,650	2026/06/26
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 Aug 2026