HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $44.2 trillion at the end of September 2021, an increase of 6 per cent from $41.6 trillion for the same period last year.
The average daily turnover for the first nine months of 2021 was $180.3 billion, an increase of 43 per cent when compared with $125.7 billion for the same period last year.
The average daily turnover of derivative warrants for the first nine months of 2021 was $11.6 billion, an increase of 27 per cent when compared with $9.1 billion for the same period last year.
The average daily turnover of ETFs for the first nine months of 2021 was $6.7 billion, an increase of 31 per cent when compared with $5.1 billion for the same period last year.
The average daily turnover of Debt Securities for the first nine months of 2021 was $0.40 billion, an increase of 60 per cent when compared with $0.25 billion for the same period last year.
Funds raised through IPOs for the first nine months of 2021 was $285.5 billion, an increase of 32 per cent when compared with $215.9 billion for the same period last year.
Total funds raised for the first nine months of 2021 was $603.9 billion, an increase of 26 per cent when compared with $479.2 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first nine months of 2021 was 1,211,903 contracts, an increase of 4 per cent when compared with the 1,167,216 contracts for the same period last year.
The average daily turnover of Stock Options for the first nine months of 2021 was 680,526 contracts, an increase of 30 per cent when compared with the 522,834 contracts for the same period last year.
The average daily turnover of Stock Futures for the first nine months of 2021 was 10,759 contracts, an increase of 138 per cent when compared with the 4,519 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first nine months of 2021 was 9,391 contracts, an increase of 34 per cent when compared with the 7,032 contracts for the same period last year.
On 21 September 2021, the open interest of Mini Hang Seng Index Futures reached a record high of 24,300 contracts.
On 27 September 2021, the open interest of Hang Seng TECH Index Futures reached a record high of 43,373 contracts.
On 28 September 2021, the open interest of Hang Seng TECH Index Options reached a record high of 22,152 contracts.
On 13 and 17 September 2021, the turnover and open interest of MSCI China Free Net Total Return (USD) Index Futures reached a record high of 13,653 contracts and 17,249 contracts respectively.
On 15 and 17 September 2021, the turnover and open interest of MSCI Japan Net Total Return (USD) Index Futures reached a record high of 30,260 contracts and 17,793 contracts respectively.

Listed Securities (Main Board and GEM)

Month-end figures

	Sep 2021	Sep 2020	End 2020
No. of listed companies	2,559	2,518	2,538
Total market capitalisation ($Bil.)	44,185.4	41,638.1	47,523.0
No. of newly listed companies *	4	13	154
No. of listed securities	18,765	17,006	17,041
No. of equity warrants	4	3	1
No. of derivatives warrants	9,437	7,135	7,507
No. of inline warrants	170	717	507
No. of CBBCs	4,674	4,940	4,739
No. of unit trusts	170	158	159
No. of debt securities	1,735	1,518	1,574

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

Securities Market Turnover (Main Board and GEM)

	Sep 2021	Aug 2021	% Change
Monthly turnover ($Mil.) *	3,205,042	3,505,523	-8.6%
Average daily turnover by value ($Mil.) *	152,621	159,342	-4.2%
No. of trading days	21	22	-

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

Turnover by Type of Securities (Main Board and GEM)

	Sep 2021 ($Mil)	Aug 2021 ($Mil)	% Change
Equities	2,631,242.07 (82.1%)	2,930,958.73 (83.6%)	-10.2%
Derivative warrants	199,900.57 (6.2%)	206,838.21 (5.9%)	-3.4%
CBBCs	162,191.24 (5.1%)	168,053.66 (4.8%)	-3.5%
Inline warrants	206.34 (0.0%)	105.58 (0.0%)	95.4%
Unit trusts (include ETFs)	203,338.17 (6.3%)	190,762.56 (5.4%)	6.6%

( ) % 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 Sep 2021 was $42,133 million (1.3% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Sep 2021	Sep 2020	End 2020
No. of H shares	289	287	291
No. of Red chips Stocks	175	177	176
No. of Mainland private enterprises	887	832	852
Market capitalisation (% of market total)	80.0%	80.4%	80.1%
Turnover value (% of equity turnover)	87.2%	85.3%	84.7%

Index Performance

Month-end figures

	Sep 2021	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	35668.15	-5.8%	-5.2%
S&P/HKEX GEM Index	79.08	-9.9%	-24.2%
Hang Seng Index	24575.64	-5.0%	4.8%
Hang Seng China Enterprises Index	8726.38	-5.0%	-7.1%
Hang Seng China-Affiliated Corporations Index*	3956.32	1.1%	10.2%
CES China 120 Index ^	7099.71	0.5%	-5.0%
CESChina HK Mainland Index +	7472.83	-4.8%	-5.7%

* - 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)
	Sep 2021	Aug 2021	% Change
Total Futures	465,893	426,474	9.2%
Hang Seng Index Futures	142,336	132,085	7.8%
Mini Hang Seng Index Futures	110,404	103,640	6.5%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	143,755	124,953	15.0%
Mini-Hang Seng China Enterprises Index Futures	13,731	13,479	1.9%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	0	16	-100.0%
HSCEI Dividend Point Index Futures	333	1,306	-74.5%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	21,782	23,759	-8.3%
MSCI AC Asia ex Japan NTR Index Futures	65	9	622.2%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China Free (USD) Index Futures	2	16	-87.5%
MSCI China Free Net Total Return (USD) Index Futures	1,447	118	1126.3%
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	16	4	300.0%
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	1	0	-
MSCI Emerging Markets Net Total Return (USD) Index Futures	10	4	150.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	33	35	-5.7%
MSCI India (USD) Index Futures	0	0	-
MSCI India Net Total Return (USD) Index Futures	48	4	1100.0%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	46	722	-93.6%
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	1,450	0	-
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	41	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	128	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	6,021	4,197	43.5%
MSCI Taiwan 25/50 (USD) Index Futures	21	23	-8.7%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	658	193	240.9%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	33	336	-90.2%
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	9,414	9,819	-4.1%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	6,374	5,741	11.0%
RMB Currency Futures - Mini USD/CNH Futures	3,167	2,817	12.4%
RMB Currency Futures - EUR/CNH Futures	4	2	100.0%
RMB Currency Futures - JPY/CNH Futures	0	1	-100.0%
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	4	0	-
INR Currency Futures - INR/USD Futures	1,269	794	59.8%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	217	175	24.0%
CNH Gold Futures	0	0	-
USD Silver Futures	4	5	-20.0%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	4	17	-76.5%
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	1,295	800	61.9%
USD London Zinc Mini Futures	684	527	29.8%
USD London Copper Mini Futures	1,094	877	24.7%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	3	1	200.0%
USD London Tin Mini Futures	0	0	-
Total Options	763,325	725,008	5.3%
Hang Seng Index Options	25,383	22,360	13.5%
Mini Hang Seng Index Options	11,867	10,525	12.8%
Weekly Hang Seng Index Options	10,835	8,541	26.9%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options *	41	12	241.7%
Hang Seng China Enterprises Index Options	54,534	38,416	42.0%
Mini-Hang Seng China Enterprises Index Options	2,213	1,615	37.0%
Weekly Hang Seng China Enterprises Index Options	2,139	1,531	39.7%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options *	468	171	173.7%
Hang Seng TECH Index Options	702	1,032	-32.0%
MSCI China Free (USD) Index Options	0	0	-
MSCI Taiwan (USD) Index Options	0	1	-100.0%
Stock Options	655,118	640,919	2.2%
RMB Currency Options - USD/CNH Options	25	11	127.3%
Total Futures and Options	1,229,219	1,151,482	6.8%

* Trading commenced on 23 August 2021

Clearing and Settlement

CCASS Statistics (securities market)	Sep 2021	Aug 2021	% Change
Average daily number of exchange trades settled by CCASS	2,310,127	2,334,737	-1.05%
Average daily number of settlement instructions (“SIs”) settled by CCASS	128,128	119,665	7.07%
Average daily number of investor SIs (“ISIs”) settled by CCASS	261	237	10.13%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.92	99.93	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.47 63.90	77.09 63.43	N/A N/A
DCASS Statistics (derivatives market)	Sep 2021	Aug 2021	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	704,895	691,979	1.9%
– Stock Futures	35,126	38,922	-9.8%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	20,639	27,490	-24.9%
– INR Currency Futures	570	211	170.1%
– Gold Futures	317	237	33.8%
– Silver Futures	0	0	-
– Iron Ore Futures	410	513	-20.1%
– London Metal Mini Futures	2,027	1,825	11.1%
– Equity Index Options	1,667,828	1,810,347	-7.9%
– Stock Options	9,885,624	11,601,420	-14.8%
– RMB Currency Options	2,009	2,436	-17.5%

Year-to-date Statistics

Securities Market	Sep 2021 YTD	Sep 2020 YTD	% Change
No. of newly listed companies #	73	104	-29.8%
Average daily turnover by value ($Mil.) ^	180,259	125,716	43.4%
Average share traded per trading day (Mil. Shares)	253,631	219,831	15.4%
Average no. of trades per trading day	2,482,264	1,935,162	28.3%
Fund raised by IPOs ($Mil.)	285,480	215,902	32.2%
Total funds raised (including IPOs) ($Mil.)*	603,911	479,170	26.0%
Derivatives Market	Sep 2021 YTD	Sep 2020 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	409,790	476,533	-14.0%
– Stock Futures	10,759	4,519	138.1%
– Interest Rates Futures	0	2	-100.0%
– RMB Currency Futures	9,391	7,032	33.5%
– INR Currency Futures	1,028	763	34.7%
– Gold Futures	81	362	-77.6%
– Silver Futures	5	12	-58.3%
– Iron Ore Futures	19	442	-95.7%
– London Metal Mini Futures	1,536	674	127.9%
– Equity Index Options	98,745	154,008	-35.9%
– Stock Options	680,526	522,834	30.2%
– RMB Currency Options	24	41	-41.5%
Clearing & Settlement	Sep 2021 YTD	Sep 2020 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,480,488	1,933,520	28.29%
Average daily number of settlement instructions (SIs) settled by CCASS	130,295	112,032	16.30%
Average daily number of investor SIs (ISIs) settled by CCASS	293	281	4.27%

# 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 30 September 2021

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	2021/02/22	303,594,716,032
5	2021/01/19	302,507,509,559
6	2021/01/20	301,244,822,148
7	2015/04/09	293,910,756,648
8	2021/01/25	288,079,469,553
9	2018/03/23	284,101,947,853
10	2021/02/18	284,013,143,876

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	545,816	2021/07/27	635,051	2018/12/27
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
Mini Hang Seng Index Futures	298,812	2020/03/19	24,300	2021/09/21
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng TECH Index Futures	77,480	2021/07/27	43,373	2021/09/27
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

Updated 30 Sep 2021