HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $33.1 trillion at the end of August 2023.
The average daily turnover in August 2023 and for the first eight months of 2023 was $101.8 billion and $112.0 billion respectively.
The average daily turnover of ETFs for the first eight months of 2023 was $12.2 billion, an increase of 30 per cent when compared with $9.4 billion for the same period last year.
The average daily turnover of L&I Products for the first eight months of 2023 was $2.3 billion, an increase of 15 per cent when compared with $2.0 billion for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first eight months of 2023 was 1,371,770 contracts, an increase of 9 per cent when compared with the 1,253,149 contracts for the same period last year.
The average daily volume of equity index futures for the first eight months of 2023 was 567,562 contracts, an increase of 6 per cent when compared with the 536,486 contracts for the same period last year.
The average daily volume of equity index options for the first eight months of 2023 was 144,982 contracts, an increase of 34 per cent when compared with the 108,183 contracts for the same period last year.
The average daily volume of Stock Options for the first eight months of 2023 was 625,679 contracts, an increase of 8 per cent when compared with the 578,225 contracts for the same period last year.
The average daily volume of RMB Currency Futures for the first eight months of 2023 was 25,909 contracts, an increase of 47 per cent when compared with the 17,591 contracts for the same period last year.
On 8 August 2023, the volume of Hang Seng TECH Index Futures Options reached a record high of 7,940 contracts.
On 4 August 2023, the volume of RMB Currency Futures - USD/CNH Futures reached a record high of 83,522 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Aug 2023	Aug 2022	End 2022
No. of listed companies	2,600	2,577	2,597
Total market capitalisation ($Bil.)	33,136.2	35,590.7	35,666.8
No. of newly listed companies *	0	5	90
No. of listed securities	14,141	16,625	15,274
No. of SPAC shares	5	3	5
No. of equity warrants (excluding SPAC warrants)	1	3	2
No. of SPAC warrants	5	3	5
No. of derivatives warrants	5,819	7,678	6,731
No. of inline warrants	4	42	28
No. of CBBCs	3,890	4,343	3,979
No. of unit trusts	187	178	191
No. of debt securities	1,629	1,789	1,735

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

Number of Newly Listed Securities (Main Board and GEM)

	Aug 2023	Aug 2022	2022
Derivatives warrants	767	1,067	11,874
CBBCs	2,161	2,388	35,017
Unit trusts	1	1	29
Debt securities	16	37	368

Securities Market Turnover (Main Board and GEM)

	Aug 2023	Jul 2023	% Change
Monthly turnover ($Mil.) *	2,341,618	2,045,965	14.5%
Average daily turnover by value ($Mil.) *	101,809	102,298	-0.5%
No. of trading days	23	20	-

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

Stock Connect Summary

	Aug 2023	Jul 2023	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	108,492	108,632	-0.1%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	28,951	28,930	0.1%
No. of Northbound trading days	23	20	-
No. of Southbound trading days	23	20	-

Turnover by Type of Securities (Main Board and GEM)

	Aug 2023 ($Mil)	Jul 2023 ($Mil)	% Change
Equities	1,713,538.82 (73.2%)	1,429,923.22 (69.9%)	19.8%
Derivative warrants	151,854.22 (6.5%)	122,751.44 (6.0%)	23.7%
CBBCs	134,522.90 (5.7%)	113,681.05 (5.6%)	18.3%
Inline warrants	0.24 (0.0%)	0.19 (0.0%)	26.3%
Unit trusts (include ETFs)	331,351.41 (14.2%)	369,641.30 (18.1%)	-10.4%

Aug 2023

($Mil)

Jul 2023

($Mil)

% Change

Equities

1,713,538.82

(73.2%)

1,429,923.22

(69.9%)

19.8%

Derivative warrants

151,854.22

(6.5%)

122,751.44

(6.0%)

23.7%

CBBCs

134,522.90

(5.7%)

113,681.05

(5.6%)

18.3%

Inline warrants

0.24

(0.0%)

0.19

(0.0%)

26.3%

Unit trusts

(include ETFs)

331,351.41

(14.2%)

369,641.30

(18.1%)

-10.4%

( ) % 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 2023 ($Mil)	Jul 2023 ($Mil)	% Change
Equities	74,501.69	71,496.16	4.2%
Derivative warrants	6,602.36	6,137.57	7.6%
CBBCs	5,848.82	5,684.05	2.9%
Inline warrants	0.01	0.01	7.7%
Unit trusts (include ETFs)	14,406.58	18,482.07	-22.1%
Others	450.00	498.39	-9.7%
Total	101,809.47	102,298.25	-0.5%

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 Aug 2023 was $27,649 million (1.2% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Aug 2023	Aug 2022	End 2022
No. of H shares	322	305	316
No. of Red chips Stocks	176	174	174
No. of Mainland private enterprises	932	904	919
Market capitalisation (% of market total)	77.4%	77.5%	76.9%
Turnover value (% of equity turnover)	86.0%	87.9%	87.3%

Index Performance

Month-end figures

	Aug 2023	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	27065.46	-8.0%	-6.3%
S&P/HKEX GEM Index	26.52	-10.4%	-32.0%
Hang Seng Index	18382.06	-8.5%	-7.9%
Hang Seng China Enterprises Index	6332.42	-8.2%	-7.8%
Hang Seng China-Affiliated Corporations Index*	3597.54	-6.4%	-2.9%
CES China 120 Index ^	5551.49	-6.3%	-5.1%
CESChina HK Mainland Index +	5129.82	-8.3%	-9.8%

* - 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 2023	Jul 2023	% Change
Total Futures	667,520	606,586	10.0%
Hang Seng Index Futures	148,798	138,481	7.5%
Mini Hang Seng Index Futures	101,887	86,805	17.4%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	191,191	187,295	2.1%
Mini-Hang Seng China Enterprises Index Futures	10,730	9,401	14.1%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	7	0	-
HSCEI Dividend Point Index Futures	537	598	-10.2%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	123,325	111,633	10.5%
MSCI AC Asia ex Japan NTR Index Futures	27	42	-35.7%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	13,786	9,507	45.0%
MSCI China (USD) Index Futures	0	2	-100.0%
MSCI China Net Total Return (USD) Index Futures	95	156	-39.1%
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	3	4	-25.0%
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	37	27	37.0%
MSCI India (USD) Index Futures	2,232	2,804	-20.4%
MSCI India Net Total Return (USD) Index Futures	1	0	-
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	11	12	-8.3%
MSCI Japan (JPY) Index Futures	0	0	-
MSCI Japan Net Total Return (JPY) Index Futures	0	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	6	3	100.0%
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	86	-100.0%
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	6,037	5,722	5.5%
MSCI Taiwan 25/50 (USD) Index Futures	10	8	25.0%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	30	8	275.0%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	210	9	2233.3%
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	7,252	7,486	-3.1%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	58,390	42,757	36.6%
RMB Currency Futures - Mini USD/CNH Futures	2,363	3,339	-29.2%
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	5	2	150.0%
INR Currency Futures - INR/USD Futures	550	399	37.8%
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	728,804	759,722	-4.1%
Hang Seng Index Options	25,356	23,837	6.4%
Mini Hang Seng Index Options	12,925	11,027	17.2%
Weekly Hang Seng Index Options	14,411	11,256	28.0%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	3,306	2,598	27.3%
Hang Seng China Enterprises Index Options	41,493	35,386	17.3%
Mini-Hang Seng China Enterprises Index Options	4,694	4,466	5.1%
Weekly Hang Seng China Enterprises Index Options	2,009	1,913	5.0%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	36,065	32,214	12.0%
Hang Seng TECH Index Options	3,636	2,999	21.2%
Hang Seng TECH Index Futures Options	1,627	1,394	16.7%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	583,267	632,620	-7.8%
RMB Currency Options - USD/CNH Options	15	12	25.0%
Total Futures and Options	1,396,324	1,366,308	2.2%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Aug 2023 and Jul 2023 are 23 days (without holiday trading day) 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)	Aug 2023	Jul 2023	% Change
Average daily number of exchange trades settled by CCASS	1,887,788	1,774,626	6.38%
Average daily number of settlement instructions (“SIs”) settled by CCASS	96,031	91,723	4.70%
Average daily number of investor SIs (“ISIs”) settled by CCASS	145	124	16.94%
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)	215,527.90	203,903.07	5.70%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.12 63.17	75.24 63.47	N/A N/A
DCASS Statistics (derivatives market)	Aug 2023	Jul 2023	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	1,093,874	1,157,266	-5.5%
– Stock Futures	30,038	32,832	-8.5%
– Interest Rates Futures	65	65	0.0%
– RMB Currency Futures	30,695	25,621	19.8%
– INR Currency Futures	101	177	-42.9%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	2,746,663	2,531,333	8.5%
– Stock Options	10,643,140	9,919,252	7.3%
– RMB Currency Options	762	590	29.2%

Year-to-date Statistics

Securities Market	Aug 2023 YTD	Aug 2022 YTD	% Change
No. of newly listed companies #	39	48	-18.8%
Average daily turnover by value ($Mil.) ^	111,977	128,145	-12.6%
Average share traded per trading day (Mil. Shares)	203,430	247,028	-17.6%
Average no. of trades per trading day	1,984,866	2,149,145	-7.6%
Fund raised by IPOs ($Mil.)*	20,851	58,394	-64.3%
Total equity funds raised (including IPOs) ($Mil.) (Main + GEM)**	89,017	168,509	-47.2%
Derivatives Market	Aug 2023 YTD	Aug 2022 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	567,562	536,486	5.8%
– Stock Futures	6,961	8,467	-17.8%
– Interest Rates Futures	3	1	200.0%
– RMB Currency Futures	25,909	17,591	47.3%
– INR Currency Futures	655	1,040	-37.0%
– Gold Futures	2	1,588	-99.9%
– Silver Futures	0	9	-100.0%
– Iron Ore Futures	0	34	-100.0%
– London Metal Mini Futures	0	1,497	-100.0%
– Equity Index Options	144,982	108,183	34.0%
– Stock Options	625,679	578,225	8.2%
– RMB Currency Options	17	28	-39.3%
Clearing & Settlement	Aug 2023 YTD	Aug 2022 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,985,868	2,147,991	-7.55%
Average daily number of settlement instructions (SIs) settled by CCASS	101,779	114,560	-11.16%
Average daily number of investor SIs (ISIs) settled by CCASS	148	218	-32.11%

# 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 2023

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	2021/07/27	361,238,455,648
2	2021/02/24	354,330,826,815
3	2021/02/26	321,313,602,377
4	2022/03/16	309,913,857,581
5	2021/02/22	303,594,716,032
6	2021/01/19	302,507,509,559
7	2021/01/20	301,244,822,148
8	2022/03/17	301,106,198,997
9	2015/04/09	293,910,756,648
10	2021/01/25	288,079,469,553

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	1,545,227	2020/07/06	15,625,280	2021/03/29
Hang Seng China Enterprises Index Futures	651,086	2023/04/25	758,877	2022/12/28
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
Hang Seng TECH Index Futures	348,993	2023/04/24	257,389	2023/03/28
Mini Hang Seng Index Futures	298,812	2020/03/19	32,394	2023/08/29
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng China Enterprises Index Futures Options	103,353	2023/07/31	1,207,462	2023/06/15
RMB Currency Futures - USD/CNH Futures	83,522	2023/08/04	46,711	2017/01/04
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11

Updated 31 Aug 2023