HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $40.4 trillion at the end of July 2020, an increase of 26 per cent from $32.1 trillion for the same period last year.
The average daily turnover in July 2020 was $165.1 billion, an increase of 140 per cent from $68.7 billion for the same period last year.
The average daily turnover for the first seven months of 2020 was $124.8 billion, an increase of 34 per cent when compared with $93.4 billion for the same period last year.
The average daily turnover of CBBCs for the first seven months of 2020 was $9.7 billion, an increase of 9 per cent when compared with $8.9 billion for the same period last year.
The average daily turnover of ETFs for the first seven months of 2020 was $5.4 billion, an increase of 15 per cent when compared with $4.7 billion for the same period last year.
Funds raised through IPOs for the first seven months of 2020 was $132.1 billion, an increase of 56 per cent when compared with $84.8 billion for the same period last year.
Total funds raised for the first seven months of 2020 was $308.1 billion, an increase of 80 per cent when compared with $170.7 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first seven months of 2020 was 1,209,899 contracts, an increase of 8 per cent when compared with the 1,124,976 contracts for the same period last year.
The average daily turnover of equity index futures for the first seven months of 2020 was 495,487 contacts, an increase of 4 per cent when compared with the 477,487 contacts for the same period last year.
The average daily turnover of equity index options for the first seven months of 2020 was 163,992 contacts, an increase of 6 per cent when compared with the 155,119 contacts for the same period last year.
The average daily turnover of Stock Options for the first seven months of 2020 was 536,802 contracts, an increase of 13 per cent when compared with the 476,959 contracts for the same period last year.
On 6 July 2020, the turnover of Stock Options reached a record high of 1,545,227 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Jul 2020	Jul 2019	End 2019
No. of listed companies	2,507	2,394	2,449
Total market capitalisation ($Bil.)	40,353.8	32,085.7	38,165.0
No. of newly listed companies *	24	16	183
No. of listed securities	16,708	13,311	12,795
No. of equity warrants	3	2	3
No. of derivatives warrants	6,724	5,473	4,571
No. of inline warrants	808	129	922
No. of CBBCs	5,031	3,827	3,298
No. of unit trusts	152	150	148
No. of debt securities	1,467	1,317	1,388

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

Securities Market Turnover (Main Board and GEM)

	Jul 2020	Jun 2020	% Change
Monthly turnover ($Mil.) *	3,632,257	2,637,569	37.7%
Average daily turnover by value ($Mil.) *	165,103	125,599	31.5%
No. of trading days	22	21	-

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

Turnover by Type of Securities (Main Board and GEM)

	Jul 2020 ($Mil)	Jun 2020 ($Mil)	% Change
Equities	2,981,225.65 (82.1%)	2,084,968.40 (79.0%)	43.0%
Derivative warrants	241,415.97 (6.6%)	188,157.51 (7.1%)	28.3%
CBBCs	233,911.44 (6.4%)	213,310.52 (8.1%)	9.7%
Inline warrants	97.51 (0.0%)	86.53 (0.0%)	12.7%
Unit trusts (include ETFs)	170,500.09 (4.7%)	145,822.73 (5.5%)	16.9%

Jul 2020

($Mil)

Jun 2020

($Mil)

% Change

Equities

2,981,225.65

(82.1%)

2,084,968.40

(79.0%)

43.0%

Derivative warrants

241,415.97

(6.6%)

188,157.51

(7.1%)

28.3%

CBBCs

233,911.44

(6.4%)

213,310.52

(8.1%)

9.7%

Inline warrants

97.51

(0.0%)

86.53

(0.0%)

12.7%

Unit trusts

(include ETFs)

170,500.09

(4.7%)

145,822.73

(5.5%)

16.9%

( ) % of market total
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 July 2020 was $34,352 million (0.9% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Jul 2020	Jul 2019	End 2019
No. of H shares	286	276	284
No. of Red chips Stocks	177	176	173
No. of Mainland private enterprises	822	753	784
Market capitalisation (% of market total)	78.9%	68.2%	73.2%
Turnover value (% of equity turnover)	87.1%	78.8%	79.0%

Index Performance

Month-end figures

	Jul 2020	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	36931.62	1.7%	3.3%
S&P/HKEX GEM Index	109.65	15.6%	13.5%
Hang Seng Index	24595.35	0.7%	-11.5%
Hang Seng China Enterprises Index	10039.96	2.9%	-6.0%
Hang Seng China-Affiliated Corporations Index*	4011.91	6.8%	-7.6%
CES China 120 Index ^	7566.48	7.0%	12.1%
CESChina HK Mainland Index +	7928.79	3.9%	5.8%

* - 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)
	Jul 2020	Jun 2020	% Change
Total Futures	501,604	466,347	7.6%
Hang Seng Index Futures	188,263	168,861	11.5%
Mini Hang Seng Index Futures	124,142	123,735	0.3%
HSI (Gross Total Return Index) Futures	0	2	-100.0%
HSI (Net Total Return Index) Futures	0	1	-100.0%
Hang Seng China Enterprises Index Futures	151,882	138,267	9.8%
Mini-Hang Seng China Enterprises Index Futures	22,294	20,079	11.0%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	7	13	-46.2%
HSCEI Dividend Point Index Futures	926	1,294	-28.4%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	392	1,306	-70.0%
MSCI Australia Net Total Return (USD) Index Futures *	2	-	-
MSCI China Free Net Total Return (USD) Index Futures *	1	-	-
MSCI EM Asia Net Total Return (USD) Index Futures *	4	-	-
MSCI Emerging Markets (USD) Index Futures #	0	-	-
MSCI Emerging Markets Net Total Return (USD) Index Futures #	0	-	-
MSCI Hong Kong Net Total Return (USD) Index Futures #	0	-	-
MSCI India Net Total Return (USD) Index Futures *	0	-	-
MSCI Indonesia (USD) Index Futures #	9	-	-
MSCI Indonesia Net Total Return (USD) Index Futures *	0	-	-
MSCI Japan Net Total Return (USD) Index Futures *	0	-	-
MSCI Malaysia Net Total Return (USD) Index Futures *	0	-	-
MSCI Philippines Net Total Return (USD) Index Futures #	0	-	-
MSCI Singapore Net Total Return (USD) Index Futures #	0	-	-
MSCI Taiwan (USD) Index Futures *	233	-	-
MSCI Taiwan Net Total Return (USD) Index Futures *	1	-	-
MSCI Thailand Net Total Return (USD) Index Futures *	0	-	-
MSCI Vietnam Net Total Return (USD) Index Futures #	0	-	-
CES China 120 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	0	30	-100.0%
Hang Seng Mainland Banks Index Futures	0	2	-100.0%
Hang Seng Mainland Properties Index Futures	0	2	-100.0%
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	5,566	3,886	43.2%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	5,818	6,943	-16.2%
RMB Currency Futures - EUR/CNH Futures	5	3	66.7%
RMB Currency Futures - JPY/CNH Futures	0	2	-100.0%
RMB Currency Futures - AUD/CNH Futures	0	3	-100.0%
RMB Currency Futures - CNH/USD Futures	4	8	-50.0%
INR Currency Futures - INR/USD Futures	841	642	31.0%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	17	20	-15.0%
CNH Gold Futures	0	0	-
USD Silver Futures ^	23	9	155.6%
CNH Silver Futures ^	0	0	-
Iron Ore Futures – Monthly Contracts	434	530	-18.1%
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	127	169	-24.9%
USD London Zinc Mini Futures	334	276	21.0%
USD London Copper Mini Futures	289	243	18.9%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	16	22	-27.3%
USD London Tin Mini Futures	0	0	-
Total Options	900,544	670,693	34.3%
Hang Seng Index Options	39,500	40,440	-2.3%
Mini Hang Seng Index Options	17,510	14,107	24.1%
Weekly Hang Seng Index Options	5,051	4,946	2.1%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	102,769	80,890	27.0%
Mini-Hang Seng China Enterprises Index Options	3,335	1,635	104.0%
Weekly Hang Seng China Enterprises Index Options	1,801	849	112.1%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	730,550	527,778	38.4%
RMB Currency Options - USD/CNH Options	29	48	-39.6%
Total Futures and Options	1,402,148	1,137,040	23.3%

* Trading commenced on 6 Jul 2020

# Trading commenced on 20 Jul 2020

^ Trading commenced on 8 Jun 2020

Clearing and Settlement

CCASS Statistics (securities market)	Jul 2020	Jun 2020	% Change
Average daily number of exchange trades settled by CCASS	2,387,914	1,892,678	26.17
Average daily number of settlement instructions (“SIs”) settled by CCASS	119,726	116,704	2.59
Average daily number of investor SIs (“ISIs”) settled by CCASS	349	293	19.11
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.91	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.25 58.13	75.91 57.81	N/A N/A
DCASS Statistics (derivatives market)	Jul 2020	Jun 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	616,690	626,849	-1.6%
– Stock Futures	20,758	16,067	29.2%
– Interest Rates Futures	106	105	1.0%
– RMB Currency Futures	23,267	24,375	-4.5%
– INR Currency Futures	390	285	36.8%
– Gold Futures	185	242	-23.6%
– Silver Futures	108	135	-20.0%
– Iron Ore Futures	1,763	3,184	-44.6%
– London Metal Mini Futures	603	407	48.2%
– Equity Index Options	3,015,221	2,610,423	15.5%
– Stock Options	10,253,513	7,904,587	29.7%
– RMB Currency Options	3,467	3,183	8.9%

Year-to-date Statistics

Securities Market	Jul 2020 YTD	Jul 2019 YTD	% Change
No. of newly listed companies #	88	100	-12.0%
Average daily turnover by value ($Mil.) ^	124,806	93,373	33.7%
Average share traded per trading day (Mil. Shares)	208,335	286,285	-27.2%
Average no. of trades per trading day	1,919,271	1,545,490	24.2%
Fund raised by IPOs ($Mil.)	132,142	84,786	55.9%
Total funds raised (including IPOs) ($Mil.)*	308,070	170,696	80.5%
Derivatives Market	Jul 2020 YTD	Jul 2019 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	495,487	477,487	3.8%
– Stock Futures	4,407	4,492	-1.9%
– Interest Rates Futures	2	1	100.0%
– RMB Currency Futures	6,939	8,447	-17.9%
– INR Currency Futures	737	-	-
– Gold Futures	460	2,159	-78.7%
– Silver Futures	17	-	-
– Iron Ore Futures	444	245	81.2%
– London Metal Mini Futures	581	1	58000.0%
– Equity Index Options	163,992	155,119	5.7%
– Stock Options	536,802	476,959	12.5%
– RMB Currency Options	45	66	-31.8%
Clearing & Settlement	Jul 2020 YTD	Jul 2019 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,917,619	1,544,773	24.14
Average daily number of settlement instructions (SIs) settled by CCASS	111,972	98,015	14.24
Average daily number of investor SIs (ISIs) settled by CCASS	286	240	19.17

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Provisional figures only

Historical Records

up to 31 July 2020

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	2015/04/09	293,910,756,648
2	2018/03/23	284,101,947,853
3	2015/04/13	266,098,632,854
4	2018/02/06	258,799,618,543
5	2015/04/08	252,396,050,844
6	2020/07/06	251,286,866,930
7	2020/07/07	240,379,359,587
8	2015/04/14	239,903,336,931
9	2015/07/08	237,429,139,110
10	2015/04/10	222,888,834,174

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2020/07/09	42,197,806,391,725
2	2020/07/21	41,754,240,946,333
3	2020/07/13	41,709,791,294,275
4	2020/07/10	41,517,968,631,324
5	2020/07/08	41,287,650,433,622
6	2020/07/23	41,140,235,354,648
7	2020/07/15	41,029,513,958,385
8	2020/07/06	40,844,837,777,796
9	2020/07/14	40,803,163,844,301
10	2020/07/22	40,711,760,812,623

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	13,725,731	2018/03/27
Hang Seng China Enterprises Index Futures	477,061	2019/02/25	635,051	2018/12/27
Hang Seng Index Futures	422,450	2018/10/26	206,082	2017/06/27
Mini Hang Seng Index Futures	298,812	2020/03/19	22,321	2018/10/26
Hang Seng China Enterprises Index Options	232,994	2018/02/09	3,749,790	2018/11/28
Hang Seng Index Options	133,419	2019/08/26	594,941	2017/11/28
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11
MSCI AC Asia ex Japan NTR Index Futures	56,378	2019/12/16	46,698	2019/09/17
Mini Hang Seng Index Options	36,928	2019/08/26	66,588	2019/08/28
Stock Futures	27,966	2007/03/28	47,050	2013/03/27

Updated 31 Jul 2020