HKEX Monthly Market Highlights

Highlights

- Securities Market

The average daily turnover in February 2022 was $130.4 billion, an increase of 1 per cent when compared with $128.6 billion in January 2022.
The average daily turnover of ETFs for the first two months of 2022 was $7.6 billion, a decrease of 1 per cent when compared with $7.7 billion for the same period last year.
The average daily turnover of L&I Products for the first two months of 2022 was $1.3 billion, an increase of 8 per cent when compared with $1.2 billion for the same period last year.
The average daily turnover of Debt Securities for the first two months of 2022 was $550 million, an increase of 57 per cent when compared with $350 million for the same period last year.

- Derivatives Market

The average daily turnover of equity index futures for the first two months of 2022 was 469,785 contacts, an increase of 6 per cent when compared with the 443,624 contacts for the same period last year.
The average daily turnover of RMB Currency Futures for the first two months of 2022 was 11,187 contracts, an increase of 66 per cent when compared with the 6,729 contracts for the same period last year.
On 22 and 23 February 2022, the turnover and open interest of Hang Seng TECH Index Futures reached a record high of 99,049 contracts and 83,600 contracts respectively.
On 28 February 2022, the open interest of Hang Seng Index Futures Options reached a record high of 20,838 contracts.
On 16 February 2022, the turnover and open interest of Hang Seng China Enterprises Index Futures Options reached a record high of 32,970 contracts and 228,775 contracts respectively.
On 16 February 2022, the turnover of MSCI China A 50 Connect (USD) Index Futures reached a record high of 65,682 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Feb 2022	Feb 2021	End 2021
No. of listed companies	2,570	2,549	2,572
Total market capitalisation ($Bil.)	40,889.0	52,941.6	42,381.1
No. of newly listed companies *	3	7	98
No. of listed securities	18,048	18,491	18,882
No. of equity warrants	3	2	4
No. of derivatives warrants	9,005	8,245	9,464
No. of inline warrants	68	418	98
No. of CBBCs	4,449	5,467	4,817
No. of unit trusts	169	162	167
No. of debt securities	1,771	1,632	1,747

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

Securities Market Turnover (Main Board and GEM)

	Feb 2022	Jan 2022	% Change
Monthly turnover ($Mil.) *	2,216,434	2,700,287	-17.9%
Average daily turnover by value ($Mil.) *	130,378	128,585	1.4%
No. of trading days	17	21	-

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

Turnover by Type of Securities (Main Board and GEM)

	Feb 2022 ($Mil)	Jan 2022 ($Mil)	% Change
Equities	1,679,268.87 (75.8%)	2,101,854.29 (77.8%)	-20.1%
Derivative warrants	180,860.09 (8.2%)	215,039.80 (8.0%)	-15.9%
CBBCs	174,600.32 (7.9%)	190,404.25 (7.1%)	-8.3%
Inline warrants	3.31 (0.0%)	5.11 (0.0%)	-35.2%
Unit trusts (include ETFs)	170,735.67 (7.7%)	183,052.73 (6.8%)	-6.7%

( ) % 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 February 2022 was $28,632 million (1.3% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Feb 2022	Feb 2021	End 2021
No. of H shares	299	292	296
No. of Red chips Stocks	174	177	174
No. of Mainland private enterprises	896	860	898
Market capitalisation (% of market total)	78.0%	80.2%	78.9%
Turnover value (% of equity turnover)	85.9%	86.3%	88.1%

Index Performance

Month-end figures

	Feb 2022	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	32660.47	-5.7%	-27.1%
S&P/HKEX GEM Index	47.98	-5.4%	-71.6%
Hang Seng Index	22713.02	-4.6%	-21.6%
Hang Seng China Enterprises Index	8023.93	-3.9%	-28.7%
Hang Seng China-Affiliated Corporations Index*	4208.99	2.1%	3.3%
CES China 120 Index ^	6415.82	-3.7%	-27.4%
CESChina HK Mainland Index +	6612.45	-5.2%	-31.4%

* - 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)*
	Feb 2022	Jan 2022	% Change
Total Futures	508,898	484,006	5.1%
Hang Seng Index Futures	143,346	144,809	-1.0%
Mini Hang Seng Index Futures	95,254	96,007	-0.8%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	153,991	146,224	5.3%
Mini-Hang Seng China Enterprises Index Futures	14,997	14,605	2.7%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	176	90	95.6%
HSCEI Dividend Point Index Futures	1,266	828	52.9%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	40,858	35,299	15.7%
MSCI AC Asia ex Japan NTR Index Futures	10	6	66.7%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	23,519	16,150	45.6%
MSCI China (USD) Index Futures	5	4	25.0%
MSCI China Free (USD) Index Futures	0	0	-
MSCI China Free Net Total Return (USD) Index Futures	59	125	-52.8%
MSCI China Net Total Return (USD) Index Futures	7	10	-30.0%
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	7	-57.1%
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	1	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	3	0	-
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	0	8	-100.0%
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	1	3	-66.7%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	4	4	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	3	3	0.0%
MSCI Singapore Free (SGD) Index Futures	1	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	6,704	7,070	-5.2%
MSCI Taiwan 25/50 (USD) Index Futures	34	19	78.9%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	0	40	-100.0%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	4	4	0.0%
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	11,021	8,927	23.5%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	8,141	6,600	23.3%
RMB Currency Futures - Mini USD/CNH Futures	4,106	3,719	10.4%
RMB Currency Futures - EUR/CNH Futures	4	7	-42.9%
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	1	0	-
INR Currency Futures - INR/USD Futures	1,798	1,334	34.8%
INR Currency Futures - INR/CNH Futures	0	2	-100.0%
USD Gold Futures	1,945	1,297	50.0%
CNH Gold Futures	0	0	-
USD Silver Futures	10	4	150.0%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	58	19	205.3%
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	643	207	210.6%
USD London Zinc Mini Futures	456	285	60.0%
USD London Copper Mini Futures	467	287	62.7%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	2	3	-33.3%
USD London Tin Mini Futures	0	0	-
Total Options	686,366	656,735	4.5%
Hang Seng Index Options	26,471	28,315	-6.5%
Mini Hang Seng Index Options	11,932	11,534	3.5%
Weekly Hang Seng Index Options	7,527	9,070	-17.0%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	1,584	972	63.0%
Hang Seng China Enterprises Index Options	37,451	41,316	-9.4%
Mini-Hang Seng China Enterprises Index Options	2,460	1,959	25.6%
Weekly Hang Seng China Enterprises Index Options	1,678	1,677	0.1%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	10,244	13,045	-21.5%
Hang Seng TECH Index Options	640	719	-11.0%
MSCI China Free (USD) Index Options	0	0	-
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	586,371	548,117	7.0%
RMB Currency Options - USD/CNH Options	8	11	-27.3%
Total Futures and Options	1,195,264	1,140,741	4.8%

* Total average daily volume is the sum of the respective average volume of the individual products

Clearing and Settlement

CCASS Statistics (securities market)	Feb 2022	Jan 2022	% Change
Average daily number of exchange trades settled by CCASS	2,110,004	2,130,538	-0.96%
Average daily number of settlement instructions (“SIs”) settled by CCASS	118,127	114,678	3.01%
Average daily number of investor SIs (“ISIs”) settled by CCASS	201	225	-10.67%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.94	99.93	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.16 63.17	76.84 63.64	N/A N/A
DCASS Statistics (derivatives market)	Feb 2022	Jan 2022	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	695,923	687,535	1.2%
– Stock Futures	44,438	39,055	13.8%
– Interest Rates Futures	5	0	-
– RMB Currency Futures	25,292	22,983	10.0%
– INR Currency Futures	175	774	-77.4%
– Gold Futures	156	273	-42.9%
– Silver Futures	0	1	-100.0%
– Iron Ore Futures	1,380	400	245.0%
– London Metal Mini Futures	1,984	1,925	3.1%
– Equity Index Options	1,459,768	1,387,691	5.2%
– Stock Options	9,454,071	8,964,619	5.5%
– RMB Currency Options	1,521	1,467	3.7%

Year-to-date Statistics

Securities Market	Feb 2022 YTD	Feb 2021 YTD	% Change
No. of newly listed companies #	7	21	-66.7%
Average daily turnover by value ($Mil.) ^	129,387	240,111	-46.1%
Average share traded per trading day (Mil. Shares)	283,615	275,266	3.0%
Average no. of trades per trading day	2,122,223	3,095,390	-31.4%
Fund raised by IPOs ($Mil.)	9,148	73,226	-87.5%
Total funds raised (including IPOs) ($Mil.)*	70,270	167,221	-58.0%
Derivatives Market	Feb 2022 YTD	Feb 2021 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	469,785	443,624	5.9%
– Stock Futures	9,864	13,182	-25.2%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	11,187	6,729	66.3%
– INR Currency Futures	1,543	825	87.0%
– Gold Futures	1,587	8	19737.5%
– Silver Futures	7	0	-
– Iron Ore Futures	36	12	200.0%
– London Metal Mini Futures	1,133	373	203.8%
– Equity Index Options	104,752	123,174	-15.0%
– Stock Options	565,231	856,606	-34.0%
– RMB Currency Options	10	25	-60.0%
Clearing & Settlement	Feb 2022 YTD	Feb 2021 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,121,352	3,092,515	-31.40%
Average daily number of settlement instructions (SIs) settled by CCASS	116,262	148,629	-21.78%
Average daily number of investor SIs (ISIs) settled by CCASS	214	410	-47.80%

# 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 28 February 2022

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	26,188	2022/01/20
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng TECH Index Futures	99,049	2022/02/22	83,600	2022/02/23
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11
MSCI China A 50 Connect (USD) Index Futures	65,682	2022/02/16	42,718	2022/01/18
MSCI AC Asia ex Japan NTR Index Futures	56,378	2019/12/16	46,698	2019/09/17

Updated 28 Feb 2022