HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $33.9 trillion at the end of June 2023, an increase of 3 per cent from $32.8 trillion at the end of May 2023.
The average daily turnover in June and for the first six months of 2023 was $99.8 billion and $115.5 billion respectively.
The average daily turnover of ETFs for the first six months of 2023 was $11.7 billion, an increase of 21 per cent when compared with $9.7 billion for the same period last year.
The average daily turnover of L&I Products for the first six months of 2023 was $2.2 billion, an increase of 5 per cent when compared with $2.1 billion for the same period last year.
There were 33* newly listed companies for the first six months of 2023, an increase of 22 per cent when compared with 27* for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first six months of 2023 was 1,368,115 contracts, an increase of 5 per cent when compared with the 1,308,817 contracts for the same period last year.
The average daily volume of equity index futures for the first six months of 2023 was 564,196 contracts, an increase of 1 per cent when compared with the 558,067 contracts for the same period last year.
The average daily volume of equity index options for the first six months of 2023 was 148,008 contracts, an increase of 30 per cent when compared with the 114,018 contracts for the same period last year.
The average daily volume of Stock Options for the first six months of 2023 was 632,651 contracts, an increase of 5 per cent when compared with the 604,117 contracts for the same period last year.
On 15 June 2023, the volume of Hang Seng China Enterprises Index Futures Options reached a record high of 87,736 contracts.
On 16 June 2023, the volume of Hang Seng TECH Index Futures Options reached a record high of 6,037 contracts.

* Includes any transfers of listing from GEM to Main Board

Listed Securities (Main Board and GEM)

Month-end figures

	Jun 2023	Jun 2022	End 2022
No. of listed companies	2,604	2,568	2,597
Total market capitalisation ($Bil.)	33,869.6	39,064.9	35,666.8
No. of newly listed companies *	5	6	90
No. of listed securities	14,494	16,856	15,274
No. of SPAC shares	5	2	5
No. of equity warrants (excluding SPAC warrants)	2	3	2
No. of SPAC warrants	5	2	5
No. of derivatives warrants	5,809	7,673	6,731
No. of inline warrants	5	53	28
No. of CBBCs	4,214	4,593	3,979
No. of unit trusts	186	175	191
No. of debt securities	1,663	1,777	1,735

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

Number of Newly Listed Securities (Main Board and GEM)

	Jun 2023	Jun 2022	2022
Derivatives warrants	622	898	11,874
CBBCs	1,946	2,766	35,017
Unit trusts	1	1	29
Debt securities	24	43	368

Securities Market Turnover (Main Board and GEM)

	Jun 2023	May 2023	% Change
Monthly turnover ($Mil.) *	2,095,129	2,121,888	-1.3%
Average daily turnover by value ($Mil.) *	99,768	101,042	-1.3%
No. of trading days	21	21	-

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

Stock Connect Summary

	Jun 2023	May 2023	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	114,822	117,173	-2.0%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	28,476	28,003	1.7%
No. of Northbound trading days	20	19	-
No. of Southbound trading days	20	19	-

Turnover by Type of Securities (Main Board and GEM)

	Jun 2023 ($Mil)	May 2023 ($Mil)	% Change
Equities	1,499,805.24 (71.6%)	1,596,589.33 (75.2%)	-6.1%
Derivative warrants	126,632.00 (6.0%)	113,097.83 (5.3%)	12.0%
CBBCs	137,339.37 (6.6%)	131,572.81 (6.2%)	4.4%
Inline warrants	0.07 (0.0%)	0.16 (0.0%)	-56.3%
Unit trusts (include ETFs)	322,175.37 (15.4%)	274,620.56 (12.9%)	17.3%

Jun 2023

($Mil)

May 2023

($Mil)

% Change

Equities

1,499,805.24

(71.6%)

1,596,589.33

(75.2%)

-6.1%

Derivative warrants

126,632.00

(6.0%)

113,097.83

(5.3%)

12.0%

CBBCs

137,339.37

(6.6%)

131,572.81

(6.2%)

4.4%

Inline warrants

0.07

(0.0%)

0.16

(0.0%)

-56.3%

Unit trusts

(include ETFs)

322,175.37

(15.4%)

274,620.56

(12.9%)

17.3%

( ) % 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)

	Jun 2023 ($Mil)	May 2023 ($Mil)	% Change
Equities	71,419.30	76,028.06	-6.1%
Derivative warrants	6,030.10	5,385.61	12.0%
CBBCs	6,539.97	6,265.37	4.4%
Inline warrants	0.00	0.01	-56.3%
Unit trusts (include ETFs)	15,341.68	13,077.17	17.3%
Others	437.01	286.09	52.8%
Total	99,768.06	101,042.31	-1.3%

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 Jun 2023 was $25,200 million (1.2% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Jun 2023	Jun 2022	End 2022
No. of H shares	321	300	316
No. of Red chips Stocks	176	175	174
No. of Mainland private enterprises	932	897	919
Market capitalisation (% of market total)	76.6%	78.1%	76.9%
Turnover value (% of equity turnover)	87.1%	88.2%	87.3%

Index Performance

Month-end figures

	Jun 2023	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	27261.26	3.9%	-13.5%
S&P/HKEX GEM Index	31.25	3.6%	-26.9%
Hang Seng Index	18916.43	3.7%	-13.5%
Hang Seng China Enterprises Index	6424.88	4.2%	-16.2%
Hang Seng China-Affiliated Corporations Index*	3723.56	2.1%	-5.8%
CES China 120 Index ^	5505.10	3.9%	-14.1%
CESChina HK Mainland Index +	5073.31	4.4%	-20.5%

* - 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)*
	Jun 2023	May 2023	% Change
Total Futures	582,140	572,171	1.7%
Hang Seng Index Futures	136,788	141,599	-3.4%
Mini Hang Seng Index Futures	87,858	89,155	-1.5%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	187,034	187,670	-0.3%
Mini-Hang Seng China Enterprises Index Futures	9,406	9,415	-0.1%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	0	0	-
HSCEI Dividend Point Index Futures	516	953	-45.9%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	113,047	102,739	10.0%
MSCI AC Asia ex Japan NTR Index Futures	91	36	152.8%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	9,758	8,885	9.8%
MSCI China (USD) Index Futures	4	2	100.0%
MSCI China Net Total Return (USD) Index Futures	1,604	211	660.2%
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	0	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	3	-100.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	246	29	748.3%
MSCI India (USD) Index Futures	3,584	4,539	-21.0%
MSCI India Net Total Return (USD) Index Futures	139	62	124.2%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	86	8	975.0%
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	0	0	-
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	37	5	640.0%
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	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	5,350	5,235	2.2%
MSCI Taiwan 25/50 (USD) Index Futures	19	23	-17.4%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	382	24	1491.7%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	41	24	70.8%
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	5,985	6,304	-5.1%
3-Month HIBOR Futures	0	1	-100.0%
1-Month HIBOR Futures	0	1	-100.0%
RMB Currency Futures - USD/CNH Futures	17,158	13,287	29.1%
RMB Currency Futures - Mini USD/CNH Futures	2,675	1,506	77.6%
RMB Currency Futures - EUR/CNH Futures	1	3	-66.7%
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	5	5	0.0%
INR Currency Futures - INR/USD Futures	325	446	-27.1%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	1	1	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	689,730	778,390	-11.4%
Hang Seng Index Options	24,098	22,801	5.7%
Mini Hang Seng Index Options	11,765	10,791	9.0%
Weekly Hang Seng Index Options	14,477	13,009	11.3%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	3,061	2,893	5.8%
Hang Seng China Enterprises Index Options	45,658	42,724	6.9%
Mini-Hang Seng China Enterprises Index Options	4,323	3,150	37.2%
Weekly Hang Seng China Enterprises Index Options	3,393	2,417	40.4%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	33,534	29,497	13.7%
Hang Seng TECH Index Options	2,858	2,757	3.7%
Hang Seng TECH Index Futures Options	1,118	482	132.0%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	545,421	647,860	-15.8%
RMB Currency Options - USD/CNH Options	24	9	166.7%
Total Futures and Options	1,271,870	1,350,561	-5.8%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Jun 2023 and May 2023 are 22 days (with 1 holiday trading day) and 23 days (with 2 holiday trading days) respectively
- For list of holiday trading products, please see link here.

Clearing and Settlement

CCASS Statistics (securities market)	Jun 2023	May 2023	% Change
Average daily number of exchange trades settled by CCASS	1,794,200	1,806,221	-0.67%
Average daily number of settlement instructions (“SIs”) settled by CCASS	102,841	98,179	4.75%
Average daily number of investor SIs (“ISIs”) settled by CCASS	134	155	-13.39%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.93	N/A
Average daily value of SIs settled by CCASS ($ Mil)	284,442.79	227,058.36	25.27%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.28 63.15	75.50 63.05	N/A N/A
DCASS Statistics (derivatives market)	Jun 2023	May 2023	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	1,125,921	1,158,232	-2.8%
– Stock Futures	27,733	32,763	-15.4%
– Interest Rates Futures	70	100	-30.0%
– RMB Currency Futures	21,464	25,237	-15.0%
– INR Currency Futures	26	250	-89.6%
– Gold Futures	0	24	-100.0%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	2,388,327	2,736,094	-12.7%
– Stock Options	9,138,276	10,945,598	-16.5%
– RMB Currency Options	568	1,024	-44.5%

Year-to-date Statistics

Securities Market	Jun 2023 YTD	Jun 2022 YTD	% Change
No. of newly listed companies #	33	27	22.2%
Average daily turnover by value ($Mil.) ^	115,539	138,263	-16.4%
Average share traded per trading day (Mil. Shares)	201,902	255,161	-20.9%
Average no. of trades per trading day	2,038,532	2,288,409	-10.9%
Fund raised by IPOs ($Mil.)*	17,778	19,734	-9.9%
Total equity funds raised (including IPOs) ($Mil.) (Main + GEM)**	74,390	115,027	-35.3%
Derivatives Market	Jun 2023 YTD	Jun 2022 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	564,196	558,067	1.1%
– Stock Futures	6,818	9,462	-27.9%
– Interest Rates Futures	3	1	200.0%
– RMB Currency Futures	15,698	18,573	-15.5%
– INR Currency Futures	720	1,153	-37.6%
– Gold Futures	3	1,617	-99.8%
– Silver Futures	0	11	-100.0%
– Iron Ore Futures	0	46	-100.0%
– London Metal Mini Futures	0	1,719	-100.0%
– Equity Index Options	148,008	114,018	29.8%
– Stock Options	632,651	604,117	4.7%
– RMB Currency Options	18	33	-45.5%
Clearing & Settlement	Jun 2023 YTD	Jun 2022 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,039,571	2,287,185	-10.83%
Average daily number of settlement instructions (SIs) settled by CCASS	104,557	119,913	-12.81%
Average daily number of investor SIs (ISIs) settled by CCASS	153	239	-36.16%

# 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 30 Jun 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	31,150	2022/09/29
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng China Enterprises Index Futures Options	87,736	2023/06/15	1,207,462	2023/06/15
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

Updated 30 Jun 2023