HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $43.3 trillion at the end of June 2026, and an increase of 1 per cent from $42.7 trillion for the same period last year.
The average daily turnover in June 2026 was $319.1 billion, an increase of 9 per cent when compared with $292.9 billion in May 2026, and an increase of 39 per cent from $230.2 billion for the same period last year.
The average daily turnover for the first six months of 2026 was $283.0 billion, an increase of 18 per cent when compared with $240.2 billion for the same period last year.
The average daily turnover of CBBCs for the first six months of 2026 was $13.0 billion, an increase of 35 per cent when compared with $9.6 billion for the same period last year.
The average daily turnover of ETFs for the first six months of 2026 was $39.6 billion, an increase of 17 per cent when compared with $33.8 billion for the same period last year.
The average daily turnover of L&I Products for the first six months of 2026 was $8.8 billion, an increase of 110 per cent when compared with $4.2 billion for the same period last year.
There were 87* newly listed companies for the first six months of 2026, an increase of 98 per cent when compared with 44** for the same period last year.
Funds raised through IPOs# for the first six months of 2026 was $210.2 billion, an increase of 92 per cent when compared with $109.4 billion for the same period last year.
Total funds raised for the first six months of 2026 was $346.1 billion, an increase of 22 per cent when compared with $284.5 billion for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first six months of 2026 was 1,809,449 contracts, an increase of 6 per cent when compared with the 1,700,322 contracts for the same period last year.
The average daily volume of equity index futures for the first six months of 2026 was 632,703 contracts, an increase of 7 per cent when compared with the 591,888 contracts for the same period last year.
The average daily volume of equity index options for the first six months of 2026 was 147,792 contracts, an increase of 27 per cent when compared with the 116,039 contracts for the same period last year.
The average daily volume of Stock Options for the first six months of 2026 was 942,162 contracts, an increase of 9 per cent when compared with the 868,128 contracts for the same period last year.

* 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

	Jun 2026	Jun 2025	End 2025
No. of listed companies	2,748	2,645	2,686
Total market capitalisation ($Bil.)	43,324.5	42,684.4	47,392.5
No. of newly listed companies *	25	15	119
No. of listed securities	17,215	14,994	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	7,447	5,548	7,012
No. of inline warrants	-	-	-
No. of CBBCs	5,414	5,168	5,673
No. of unit trusts	261	226	240
No. of debt securities	1,337	1,399	1,351

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

Number of Newly Listed Securities (Main Board and GEM)

	Jun 2026	Jun 2025	2025
Derivatives warrants	1,075	769	10,266
CBBCs	2,918	1,991	31,444
Unit trusts	4	1	48
Debt securities	33	24	329

Securities Market Turnover (Main Board and GEM)

	Jun 2026	May 2026	% Change
Monthly turnover ($Mil.) *	6,700,591	5,565,166	20.4%
Average daily turnover by value ($Mil.) *	319,076	292,903	8.9%
No. of trading days	21	19	-

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

Stock Connect Summary

	Jun 2026	May 2026	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	403,108	395,266	2.0%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	130,016	133,665	-2.7%
No. of Northbound trading days	21	17	-
No. of Southbound trading days	21	17	-

Turnover by Type of Securities (Main Board and GEM)

	Jun 2026 ($Mil)	May 2026 ($Mil)	% Change
Equities	4,946,127.35 (73.8%)	4,267,277.22 (76.7%)	15.9%
Derivative warrants	116,093.58 (1.7%)	107,117.59 (1.9%)	8.4%
CBBCs	286,371.98 (4.3%)	220,612.01 (4.0%)	29.8%
Unit Trusts (include ETFs)	1,343,237.87 (20.0%)	962,946.71 (17.3%)	39.5%

Jun 2026

($Mil)

May 2026

($Mil)

% Change

Equities

4,946,127.35

(73.8%)

4,267,277.22

(76.7%)

15.9%

Derivative warrants

116,093.58

(1.7%)

107,117.59

(1.9%)

8.4%

CBBCs

286,371.98

(4.3%)

220,612.01

(4.0%)

29.8%

Unit Trusts

(include ETFs)

1,343,237.87

(20.0%)

962,946.71

(17.3%)

39.5%

( ) % 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)

	Jun 2026 ($Mil)	May 2026 ($Mil)	% Change
Equities	235,529.87	224,593.54	4.9%
Derivative warrants	5,528.27	5,637.77	-1.9%
CBBCs	13,636.76	11,611.16	17.4%
Unit trusts (include ETFs)	63,963.71	50,681.41	26.2%
Others	417.16	379.59	9.9%
Total	319,075.76	292,903.46	8.9%

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

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Jun 2026	Jun 2025	End 2025
No. of H shares	508	386	433
No. of Non-H share Mainland enterprises	1,117	1,118	1,119
Market capitalisation (% of market total)	77.7%	80.9%	79.3%
Turnover value (% of equity turnover)	90.2%	90.9%	90.9%

Index Performance

Month-end figures

	Jun 2026	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	31020.23	-10.9%	-13.2%
S&P/HKEX GEM Index	19.99	4.8%	17.8%
Hang Seng Index	22881.02	-9.1%	-4.9%
Hang Seng China Enterprises Index	7558.30	-10.3%	-12.9%
Hang Seng China-Affiliated Corporations Index*	3669.42	-16.3%	-9.4%
CES China 120 Index ^	6328.23	-4.9%	-2.5%
CES China HK Mainland Index +	5771.77	-10.5%	-12.3%

* - 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)*
	Jun 2026	May 2026	% Change
Total Futures	760,554	703,142	8.2%
Hang Seng Index Futures	137,265	137,277	0.0%
Mini Hang Seng Index Futures	90,109	93,206	-3.3%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	186,534	162,110	15.1%
Mini-Hang Seng China Enterprises Index Futures	9,594	9,234	3.9%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	0	5	-100.0%
HSCEI Dividend Point Index Futures	121	279	-56.6%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	233,390	207,908	12.3%
Hang Seng Biotech Index Futures	376	330	13.9%
MSCI AC Asia ex Japan NTR Index Futures	1,025	225	355.6%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	16,506	13,943	18.4%
MSCI China (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	915	93	883.9%
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	35	39	-10.3%
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	17	27	-37.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	83	61	36.1%
MSCI India (USD) Index Futures	68	10	580.0%
MSCI India Net Total Return (USD) Index Futures	40	19	110.5%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	3	37	-91.9%
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	1	0.0%
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	4,424	3,965	11.6%
MSCI Taiwan 25/50 (USD) Index Futures	3	8	-62.5%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	116	81	43.2%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	5	8	-37.5%
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	6,803	8,585	-20.8%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	72,931	65,435	11.5%
RMB Currency Futures - Mini USD/CNH Futures	190	256	-25.8%
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	0	0	-
INR Currency Futures - INR/USD Futures	0	0	-
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	1,165,263	1,076,446	8.3%
Hang Seng Index Options	21,189	16,475	28.6%
Mini Hang Seng Index Options	19,573	15,758	24.2%
Weekly Hang Seng Index Options	17,848	16,802	6.2%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	4,685	2,396	95.5%
Hang Seng China Enterprises Index Options	33,342	24,520	36.0%
Mini-Hang Seng China Enterprises Index Options	5,862	3,945	48.6%
Weekly Hang Seng China Enterprises Index Options	3,083	2,744	12.4%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	31,903	22,659	40.8%
Hang Seng TECH Index Options	9,589	5,809	65.1%
Weekly Hang Seng TECH Index Options	1,893	1,969	-3.9%
Hang Seng TECH Index Futures Options	11,925	9,761	22.2%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	1,004,370	953,608	5.3%
RMB Currency Options - USD/CNH Options	1	0	-
Total Futures and Options	1,925,817	1,779,588	8.2%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Jun 2026 and May 2026 are 22 days (with 1 holiday trading day) and 21 days (with 2 holiday trading days) respectively
- For list of holiday trading products, please see link here.

Clearing and Settlement

CCASS Statistics (securities market)	Jun 2026	May 2026	% Change
Average daily number of exchange trades settled by CCASS	4,793,131	4,465,827	7.33%
Average daily number of settlement instructions (“SIs”) settled by CCASS	153,659	143,609	7.00%
Average daily number of investor SIs (“ISIs”) settled by CCASS	124	133	-6.45%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.90	99.89	N/A
Average daily value of SIs settled by CCASS ($ Mil)	578,328.79	496,590.45	16.46%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.13 64.98	76.28 64.73	N/A N/A
DCASS Statistics (derivatives market)	Jun 2026	May 2026	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	722,527	701,332	3.0%
– Stock Futures	22,844	38,550	-40.7%
– Interest Rates Futures	0	15	-100.0%
– RMB Currency Futures	29,672	34,398	-13.7%
– INR Currency Futures	0	0	-
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	1,591,856	1,846,781	-13.8%
– Stock Options	16,049,866	17,996,403	-10.8%
– RMB Currency Options	188	262	-28.2%

Year-to-date Statistics

Securities Market	Jun 2026 YTD	Jun 2025 YTD	% Change
No. of newly listed companies #	87	44	97.7%
Average daily turnover by value ($Mil.) ^	283,047	240,206	17.8%
Average share traded per trading day (Mil. Shares)	349,650	290,089	20.5%
Average no. of trades per trading day	4,319,923	3,470,341	24.5%
Fund raised by IPOs ($Mil.)*	210,195	109,401	92.1%
Total funds raised (including IPOs) ($Mil.)**	346,073	284,461	21.7%
Derivatives Market	Jun 2026 YTD	Jun 2025 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	632,703	591,888	6.9%
– Stock Futures	8,396	9,071	-7.4%
– Interest Rates Futures	0	5	-100.0%
– RMB Currency Futures	78,394	115,150	-31.9%
– INR Currency Futures	0	37	-100.0%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	147,792	116,039	27.4%
– Stock Options	942,162	868,128	8.5%
– RMB Currency Options	2	4	-50.0%
Clearing & Settlement	Jun 2026 YTD	Jun 2025 YTD	% Change
Average daily number of exchange trades handled by CCASS	4,356,573	3,470,398	25.54%
Average daily number of settlement instructions (SIs) settled by CCASS	145,496	118,545	22.74%
Average daily number of investor SIs (ISIs) settled by CCASS	136	174	-22.02%

# 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 30 Jun 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 30 Jun 2026