HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $47.5 trillion at the end of December 2020, an increase of 24 per cent from $38.2 trillion at the end of December 2019.
On 31 December 2020, Market capitalisation reached a record high of $47.5 trillion.
The Hang Seng Index ended 2020 at 27,231.13, representing a year-on-year decrease of 3 per cent.
The average daily turnover in December 2020 was $140.8 billion, an increase of 86 per cent from $75.8 billion in December 2019.
The average daily turnover in 2020 was $129.5 billion, an increase of 49 per cent when compared with $87.2 billion in 2019.
The average daily turnover of CBBCs in 2020 was $9.4 billion, an increase of 16 per cent when compared with $8.1 billion in 2019.
The average daily turnover of ETFs in 2020 was $4.9 billion, an increase of 11 per cent when compared with $4.4 billion in 2019.
The average daily turnover of L&I Products in 2020 was $1.5 billion, an increase of 150 per cent when compared with $0.6 billion in 2019.
Funds raised through IPOs in 2020 was $397.5 billion, an increase of 27 per cent when compared with $314.2 billion in 2019.
Total funds raised in 2020 was $743.7 billion, an increase of 64 per cent when compared with $454.2 billion in 2019.

- Derivatives Market

The average daily turnover of futures and options in 2020 was 1,133,435 contracts, an increase of 6 per cent when compared with 1,068,641 contracts in 2019.
The average daily turnover of Stock Options in 2020 was 526,191 contracts, an increase of 19 per cent when compared with 442,333 contracts in 2019.
The average daily turnover of Stock Futures in 2020 was 4,585 contracts, an increase of 23 per cent when compared with 3,729 contracts in 2019.

Listed Securities (Main Board and GEM)

Month-end figures

	Dec 2020	Dec 2019	End 2019
No. of listed companies	2,538	2,449	2,449
Total market capitalisation ($Bil.)	47,523.0	38,165.0	38,165.0
No. of newly listed companies *	22	25	183
No. of listed securities	17,041	12,795	12,795
No. of equity warrants	1	3	3
No. of derivatives warrants	7,507	4,571	4,571
No. of inline warrants	507	922	922
No. of CBBCs	4,739	3,298	3,298
No. of unit trusts	159	148	148
No. of debt securities	1,574	1,388	1,388

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

Securities Market Turnover (Main Board and GEM)

	Dec 2020	Nov 2020	% Change
Monthly turnover ($Mil.) *	3,098,678	3,387,017	-8.5%
Average daily turnover by value ($Mil.) *	140,849	161,287	-12.7%
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)

	Dec 2020 ($Mil)	Nov 2020 ($Mil)	% Change
Equities	2,661,635.05 (85.9%)	2,838,836.46 (83.8%)	-6.2%
Derivative warrants	158,449.12 (5.1%)	213,024.65 (6.3%)	-25.6%
CBBCs	144,735.81 (4.7%)	187,212.16 (5.5%)	-22.7%
Inline warrants	107.20 (0.0%)	98.97 (0.0%)	8.3%
Unit trusts (include ETFs)	126,993.34 (4.1%)	138,555.08 (4.1%)	-8.3%

( ) % 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 December 2020 was $45,708 million (1.5% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Dec 2020	Dec 2019	End 2019
No. of H shares	291	284	284
No. of Red chips Stocks	176	173	173
No. of Mainland private enterprises	852	784	784
Market capitalisation (% of market total)	80.1%	73.2%	73.2%
Turnover value (% of equity turnover)	89.3%	82.6%	79.0%

Index Performance

Month-end figures

	Dec 2020	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	41899.21	1.4%	12.9%
S&P/HKEX GEM Index	133.80	10.3%	68.4%
Hang Seng Index	27231.13	3.4%	-3.4%
Hang Seng China Enterprises Index	10738.40	1.8%	-3.8%
Hang Seng China-Affiliated Corporations Index*	3799.56	1.4%	-16.3%
CES China 120 Index ^	8458.78	3.7%	18.1%
CESChina HK Mainland Index +	9185.80	2.8%	15.1%

* - 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)
	Dec 2020	Nov 2020	% Change
Total Futures	329,720	420,114	-21.5%
Hang Seng Index Futures	114,911	144,688	-20.6%
Mini Hang Seng Index Futures	70,391	92,735	-24.1%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	107,194	141,396	-24.2%
Mini-Hang Seng China Enterprises Index Futures	10,781	14,407	-25.2%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	117	94	24.5%
HSCEI Dividend Point Index Futures	1,315	1,871	-29.7%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures *	1,932	1,102	75.3%
MSCI AC Asia ex Japan NTR Index Futures	53	123	-56.9%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China Free (USD) Index Futures	0	0	-
MSCI China Free Net Total Return (USD) Index Futures	341	34	902.9%
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	82	463	-82.3%
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	2	-100.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	0	0	-
MSCI India (USD) Index Futures	0	0	-
MSCI India Net Total Return (USD) Index Futures	226	10	2160.0%
MSCI Indonesia (USD) Index Futures	13	4	225.0%
MSCI Indonesia Net Total Return (USD) Index Futures	607	0	-
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	489	0	-
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	96	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	2	-100.0%
MSCI Singapore Free (SGD) Index Futures	21	49	-57.1%
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	6,941	8,392	-17.3%
MSCI Taiwan 25/50 (USD) Index Futures	52	131	-60.3%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	387	278	39.2%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	393	85	362.4%
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 Oil & Gas Index Futures	0	0	-
Hang Seng Mainland Banks Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	0	0	-
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	4,861	5,571	-12.7%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	7,356	7,922	-7.1%
RMB Currency Futures - EUR/CNH Futures	4	0	-
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	3	5	-40.0%
INR Currency Futures - INR/USD Futures	379	398	-4.8%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	5	15	-66.7%
CNH Gold Futures	0	0	-
USD Silver Futures	11	1	1000.0%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	63	182	-65.4%
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	81	63	28.6%
USD London Zinc Mini Futures	145	135	7.4%
USD London Copper Mini Futures	449	730	-38.5%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	23	13	76.9%
USD London Tin Mini Futures	0	0	-
Total Options	663,875	695,609	-4.6%
Hang Seng Index Options	23,844	34,302	-30.5%
Mini Hang Seng Index Options	8,224	11,594	-29.1%
Weekly Hang Seng Index Options	5,400	4,756	13.5%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	59,910	77,542	-22.7%
Mini-Hang Seng China Enterprises Index Options	1,535	2,346	-34.6%
Weekly Hang Seng China Enterprises Index Options	2,680	1,755	52.7%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	562,259	563,301	-0.2%
RMB Currency Options - USD/CNH Options	23	14	64.3%
Total Futures and Options	993,595	1,115,724	-10.9%

* Trading commenced on 23 November 2020

Clearing and Settlement

CCASS Statistics (securities market)	Dec 2020	Nov 2020	% Change
Average daily number of exchange trades settled by CCASS	2,027,210	2,230,143	-9.10%
Average daily number of settlement instructions (“SIs”) settled by CCASS	131,144	124,849	5.04%
Average daily number of investor SIs (“ISIs”) settled by CCASS	301	300	0.33%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.84 60.92	76.49 59.77	N/A N/A
DCASS Statistics (derivatives market)	Dec 2020	Nov 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	566,431	665,686	-14.9%
– Stock Futures	22,965	17,995	27.6%
– Interest Rates Futures	15	60	-75.0%
– RMB Currency Futures	28,375	27,696	2.5%
– INR Currency Futures	237	219	8.2%
– Gold Futures	68	12	466.7%
– Silver Futures	0	100	-100.0%
– Iron Ore Futures	1,174	1,465	-19.9%
– London Metal Mini Futures	132	947	-86.1%
– Equity Index Options	1,697,059	2,662,499	-36.3%
– Stock Options	8,942,852	10,640,435	-16.0%
– RMB Currency Options	2,483	3,269	-24.0%

Year-to-date Statistics

Securities Market	Dec 2020 YTD	Dec 2019 YTD	% Change
No. of newly listed companies #	154	183	-15.8%
Average daily turnover by value ($Mil.) ^	129,476	87,155	48.6%
Average share traded per trading day (Mil. Shares)	220,627	244,705	-9.8%
Average no. of trades per trading day	1,962,253	1,452,874	35.1%
Fund raised by IPOs ($Mil.)	397,529	314,241	26.5%
Total funds raised (including IPOs) ($Mil.)*	743,654	454,247	63.7%
Derivatives Market	Dec 2020 YTD	Dec 2019 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	448,629	456,071	-1.6%
– Stock Futures	4,585	3,729	23.0%
– Interest Rates Futures	1	1	0.0%
– RMB Currency Futures	7,117	8,042	-11.5%
– INR Currency Futures	680	278	144.6%
– Gold Futures	276	2,330	-88.2%
– Silver Futures	9	-	-
– Iron Ore Futures	390	227	71.8%
– London Metal Mini Futures	751	120	525.8%
– Equity Index Options	144,773	155,680	-7.0%
– Stock Options	526,191	442,333	19.0%
– RMB Currency Options	36	63	-42.9%
Clearing & Settlement	Dec 2020 YTD	Dec 2019 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,960,674	1,452,148	35.02%
Average daily number of settlement instructions (SIs) settled by CCASS	114,642	94,758	20.98%
Average daily number of investor SIs (ISIs) settled by CCASS	279	232	20.26%

# 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 December 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	2020/11/11	267,929,184,159
4	2015/04/13	266,098,632,854
5	2018/02/06	258,799,618,543
6	2015/04/08	252,396,050,844
7	2020/07/06	251,286,866,930
8	2020/11/30	243,333,478,824
9	2020/07/07	240,379,359,587
10	2015/04/14	239,903,336,931

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2020/12/31	47,523,019,194,290
2	2020/12/30	47,213,186,180,249
3	2020/12/17	46,981,911,712,514
4	2020/12/18	46,935,774,138,745
5	2020/12/23	46,847,941,573,588
6	2020/12/21	46,753,183,154,166
7	2020/11/27	46,633,235,041,702
8	2020/11/09	46,547,556,033,957
9	2020/11/24	46,510,714,200,048
10	2020/11/26	46,461,813,607,985

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
MSCI Taiwan (USD) Index Futures	42,363	2020/11/24	65,267	2020/10/29
Mini Hang Seng Index Options	36,928	2019/08/26	66,588	2019/08/28

Updated 31 Dec 2020