HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $48.0 trillion at the end of April 2026, an increase of 24 per cent from $38.8 trillion for the same period last year.
The average daily turnover in April 2026 was $253.5 billion.
The average daily turnover for the first four months of 2026 was $271.1 billion, an increase of 8 per cent when compared with $250.4 billion for the same period last year.
The average daily turnover of derivative warrants for the first four months of 2026 was $7.0 billion.
The average daily turnover of CBBCs for the first four months of 2026 was $13.1 billion, an increase of 32 per cent when compared with $9.9 billion for the same period last year.
The average daily turnover of ETFs for the first four months of 2026 was $39.1 billion, an increase of 5 per cent when compared with $37.3 billion for the same period last year.
The average daily turnover of L&I Products for the first four months of 2026 was $4.94 billion, an increase of 1 per cent when compared with $4.89 billion for the same period last year.
There were 49* newly listed companies for the first four months of 2026, an increase of 158 per cent when compared with 19** for the same period last year.
Funds raised through IPOs# for the first four months of 2026 was $151.4 billion, an increase of 604 per cent when compared with $21.5 billion for the same period last year.
Total funds raised for the first four months of 2026 was $203.4 billion, an increase of 19 per cent when compared with $171.6 billion for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first four months of 2026 was 1,785,774 contracts.
The average daily volume of equity index options for the first four months of 2026 was 150,310 contracts, an increase of 16 per cent when compared with the 130,013 contracts for the same period last year.
The average daily volume of Stock Options for the first four months of 2026 was 922,873 contracts.
On 16 April 2026, the volume of Weekly Hang Seng TECH Index Options reached a record high of 9,744 contracts.

* Includes 1 transfer from GEM to Main Board
** Includes 1 transfer from GEM to Main Board and 1 de-SPAC transaction
# Includes fund raised by initial offering by way of subscription, sales and placing

Listed Securities (Main Board and GEM)

Month-end figures

	Apr 2026	Apr 2025	End 2025
No. of listed companies	2,714	2,626	2,686
Total market capitalisation ($Bil.)	48,019.7	38,844.1	47,392.5
No. of newly listed companies *	9	2	119
No. of listed securities	17,629	14,848	16,969
No. of SPAC shares	-	2	0
No. of equity warrants (excluding SPAC warrants)	6	4	5
No. of SPAC warrants	-	2	0
No. of derivatives warrants	7,516	5,456	7,012
No. of inline warrants	-	-	-
No. of CBBCs	5,814	5,095	5,673
No. of unit trusts	254	223	240
No. of debt securities	1,323	1,439	1,351

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

Number of Newly Listed Securities (Main Board and GEM)

	Apr 2026	Apr 2025	2025
Derivatives warrants	642	858	10,266
CBBCs	2,205	3,159	31,444
Unit trusts	1	1	48
Debt securities	12	22	329

Securities Market Turnover (Main Board and GEM)

	Apr 2026	Mar 2026	% Change
Monthly turnover ($Mil.) *	4,816,587	6,687,056	-28.0%
Average daily turnover by value ($Mil.) *	253,505	303,957	-16.6%
No. of trading days	19	22	-

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

Stock Connect Summary

	Apr 2026	Mar 2026	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	299,185	301,573	-0.8%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	107,891	135,334	-20.3%
No. of Northbound trading days	19	22	-
No. of Southbound trading days	19	22	-

Turnover by Type of Securities (Main Board and GEM)

	Apr 2026 ($Mil)	Mar 2026 ($Mil)	% Change
Equities	3,721,001.40 (77.3%)	4,965,180.70 (74.3%)	-25.1%
Derivative warrants	102,101.43 (2.1%)	155,360.42 (2.3%)	-34.3%
CBBCs	202,053.55 (4.2%)	316,462.37 (4.7%)	-36.2%
Unit Trusts (include ETFs)	782,536.62 (16.2%)	1,239,029.58 (18.5%)	-36.8%

Apr 2026

($Mil)

Mar 2026

($Mil)

% Change

Equities

3,721,001.40

(77.3%)

4,965,180.70

(74.3%)

-25.1%

Derivative warrants

102,101.43

(2.1%)

155,360.42

(2.3%)

-34.3%

CBBCs

202,053.55

(4.2%)

316,462.37

(4.7%)

-36.2%

Unit Trusts

(include ETFs)

782,536.62

(16.2%)

1,239,029.58

(18.5%)

-36.8%

( ) % 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)

	Apr 2026 ($Mil)	Mar 2026 ($Mil)	% Change
Equities	195,842.18	225,690.03	-13.2%
Derivative warrants	5,373.76	7,061.84	-23.9%
CBBCs	10,634.40	14,384.65	-26.1%
Unit trusts (include ETFs)	41,186.14	56,319.53	-26.9%
Others	468.12	501.04	-6.6%
Total	253,504.59	303,957.09	-16.6%

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 Apr 2026 was $42,501 million (0.9% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Apr 2026	Apr 2025	End 2025
No. of H shares	473	371	433
No. of Non-H share Mainland enterprises	1,117	1,114	1,119
Market capitalisation (% of market total)	78.3%	81.1%	79.3%
Turnover value (% of equity turnover)	90.5%	90.9%	90.9%

Index Performance

Month-end figures

	Apr 2026	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	36087.73	3.3%	9.3%
S&P/HKEX GEM Index	18.58	-2.9%	14.1%
Hang Seng Index	25776.53	4.0%	16.5%
Hang Seng China Enterprises Index	8681.83	3.7%	7.5%
Hang Seng China-Affiliated Corporations Index*	4390.33	6.6%	16.4%
CES China 120 Index ^	6773.75	4.9%	7.6%
CES China HK Mainland Index +	6618.75	3.9%	6.9%

* - 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)*
	Apr 2026	Mar 2026	% Change
Total Futures	667,507	827,223	-19.3%
Hang Seng Index Futures	122,726	152,935	-19.8%
Mini Hang Seng Index Futures	88,878	130,933	-32.1%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	155,752	180,828	-13.9%
Mini-Hang Seng China Enterprises Index Futures	8,667	11,942	-27.4%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	3	5	-40.0%
HSCEI Dividend Point Index Futures	0	318	-100.0%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	187,775	224,300	-16.3%
Hang Seng Biotech Index Futures	416	537	-22.5%
MSCI AC Asia ex Japan NTR Index Futures	230	576	-60.1%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	10,066	12,739	-21.0%
MSCI China (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	193	933	-79.3%
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	32	67	-52.2%
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	21	96	-78.1%
MSCI Hong Kong Net Total Return (USD) Index Futures	25	40	-37.5%
MSCI India (USD) Index Futures	27	43	-37.2%
MSCI India Net Total Return (USD) Index Futures	11	44	-75.0%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	26	127	-79.5%
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	5	3	66.7%
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	3,939	5,504	-28.4%
MSCI Taiwan 25/50 (USD) Index Futures	6	15	-60.0%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	8	230	-96.5%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	20	12	66.7%
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	7,437	9,689	-23.2%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	80,848	94,580	-14.5%
RMB Currency Futures - Mini USD/CNH Futures	396	727	-45.5%
RMB Currency Futures - EUR/CNH Futures	0	0	-
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	0	0	-
INR Currency Futures - INR/USD Futures	0	0	-
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	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	983,708	1,192,139	-17.5%
Hang Seng Index Options	15,671	20,471	-23.4%
Mini Hang Seng Index Options	14,936	19,782	-24.5%
Weekly Hang Seng Index Options	15,306	18,811	-18.6%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	3,798	4,870	-22.0%
Hang Seng China Enterprises Index Options	23,740	30,187	-21.4%
Mini-Hang Seng China Enterprises Index Options	4,164	4,246	-1.9%
Weekly Hang Seng China Enterprises Index Options	2,458	3,884	-36.7%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	26,798	36,341	-26.3%
Hang Seng TECH Index Options	6,354	11,274	-43.6%
Weekly Hang Seng TECH Index Options	2,791	2,377	17.4%
Hang Seng TECH Index Futures Options	9,991	18,612	-46.3%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	857,700	1,021,282	-16.0%
RMB Currency Options - USD/CNH Options	1	2	-50.0%
Total Futures and Options	1,651,215	2,019,362	-18.2%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Apr 2026 and Mar 2026 are 22 days (with 3 holiday trading days) and 22 days (without holiday trading day) respectively
- For list of holiday trading products, please see link here.

Clearing and Settlement

CCASS Statistics (securities market)	Apr 2026	Mar 2026	% Change
Average daily number of exchange trades settled by CCASS	4,023,196	4,561,136	-11.79%
Average daily number of settlement instructions (“SIs”) settled by CCASS	139,040	146,079	-4.82%
Average daily number of investor SIs (“ISIs”) settled by CCASS	112	148	-24.32%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.89	N/A
Average daily value of SIs settled by CCASS ($ Mil)	456,565.14	495,964.06	-7.94%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.33 64.91	76.70 64.87	N/A N/A
DCASS Statistics (derivatives market)	Apr 2026	Mar 2026	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	690,577	666,153	3.7%
– Stock Futures	36,165	36,266	-0.3%
– Interest Rates Futures	15	15	0.0%
– RMB Currency Futures	43,498	36,367	19.6%
– INR Currency Futures	0	0	-
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	1,720,973	1,565,515	9.9%
– Stock Options	16,500,012	15,311,460	7.8%
– RMB Currency Options	278	303	-8.3%

Year-to-date Statistics

Securities Market	Apr 2026 YTD	Apr 2025 YTD	% Change
No. of newly listed companies #	49	19	157.9%
Average daily turnover by value ($Mil.) ^	271,099	250,431	8.3%
Average share traded per trading day (Mil. Shares)	356,195	291,658	22.1%
Average no. of trades per trading day	4,159,064	3,538,355	17.5%
Fund raised by IPOs ($Mil.)*	151,377	21,544	602.6%
Total funds raised (including IPOs) ($Mil.)**	203,368	171,580	18.5%
Derivatives Market	Apr 2026 YTD	Apr 2025 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	620,918	659,293	-5.8%
– Stock Futures	8,773	10,914	-19.6%
– Interest Rates Futures	0	1	-100.0%
– RMB Currency Futures	82,898	117,137	-29.2%
– INR Currency Futures	0	28	-100.0%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	150,310	130,013	15.6%
– Stock Options	922,873	943,225	-2.2%
– RMB Currency Options	2	5	-60.0%
Clearing & Settlement	Apr 2026 YTD	Apr 2025 YTD	% Change
Average daily number of exchange trades handled by CCASS	4,212,425	4,658,914	-9.58%
Average daily number of settlement instructions (SIs) settled by CCASS	143,758	120,462	19.34%
Average daily number of investor SIs (ISIs) settled by CCASS	139	177	-21.47%

# 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 Apr 2026

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	2025/04/07	621,004,299,400
2	2024/10/08	620,652,311,319
3	2024/09/30	505,919,660,550
4	2025/10/13	490,739,712,231
5	2024/09/27	445,803,810,579
6	2024/10/02	434,202,623,180
7	2025/04/08	433,215,056,869
8	2024/10/09	427,128,350,282
9	2025/09/18	413,486,347,174
10	2025/04/09	412,440,730,848

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	2,433,968	2024/09/27	21,947,396	2026/03/27
Hang Seng China Enterprises Index Futures	651,086	2023/04/25	758,877	2022/12/28
Hang Seng TECH Index Futures	469,133	2025/02/24	337,041	2026/01/27
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
RMB Currency Futures - USD/CNH Futures	372,095	2025/08/12	46,711	2017/01/04
Mini Hang Seng Index Futures	340,150	2024/10/09	35,820	2024/01/23
Hang Seng TECH Index Futures Options	208,378	2026/02/04	575,029	2026/02/04
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng China Enterprises Index Futures Options	137,469	2024/10/09	1,230,141	2024/11/14

Updated 30 Apr 2026