HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $53.3 trillion at the end of May 2021, an increase of 57 per cent from $34.0 trillion for the same period last year.
The average daily turnover in May 2021 was $153.1 billion, an increase of 33 per cent from $114.7 billion for the same period last year.
The average daily turnover for the first five months of 2021 was $197.1 billion, an increase of 70 per cent when compared with $115.9 billion for the same period last year.
The average daily turnover of derivative warrants for the first five months of 2021 was $13.2 billion, an increase of 71 per cent when compared with $7.7 billion for the same period last year.
The average daily turnover of ETFs for the first five months of 2021 was $6.4 billion, an increase of 16 per cent when compared with $5.5 billion for the same period last year.
The average daily turnover of Debt Securities for the first five months of 2021 was $350 million, an increase of 40 per cent when compared with $250 million for the same period last year.
Funds raised through IPOs for the first five months of 2021 was $183.9 billion, an increase of 621 per cent when compared with $25.5 billion for the same period last year.
Total funds raised for the first five months of 2021 was $416.0 billion, an increase of 200 per cent when compared with $138.6 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first five months of 2021 was 1,258,174 contracts, an increase of 6 per cent when compared with the 1,183,172 contracts for the same period last year.
The average daily turnover of Stock Options for the first five months of 2021 was 720,794 contracts, an increase of 45 per cent when compared with the 496,476 contracts for the same period last year.
The average daily turnover of Stock Futures for the first five months of 2021 was 11,729 contracts, an increase of 175 per cent when compared with the 4,263 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first five months of 2021 was 8,403 contracts, an increase of 17 per cent when compared with the 7,177 contracts for the same period last year.
On 25 May 2021, the turnover and open interest of Hang Seng TECH Index Futures reached a record high of 30,561 contracts and 24,010 contracts respectively.
On 24 May 2021, the open interest of Hang Seng TECH Index Options reached a record high of 12,194 contracts.
On 31 May 2021, the open interest of MSCI Japan Net Total Return (USD) Index Futures reached a record high of 12,737 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	May 2021	May 2020	End 2020
No. of listed companies	2,550	2,482	2,538
Total market capitalisation ($Bil.)	53,332.9	33,984.7	47,523.0
No. of newly listed companies *	4	8	154
No. of listed securities	18,530	15,361	17,041
No. of equity warrants	2	3	1
No. of derivatives warrants	8,906	5,984	7,507
No. of inline warrants	306	849	507
No. of CBBCs	4,919	4,464	4,739
No. of unit trusts	168	145	159
No. of debt securities	1,663	1,417	1,574

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

Securities Market Turnover (Main Board and GEM)

	May 2021	Apr 2021	% Change
Monthly turnover ($Mil.) *	3,062,945	2,958,963	3.5%
Average daily turnover by value ($Mil.) *	153,147	155,735	-1.7%
No. of trading days	20	19	-

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

Turnover by Type of Securities (Main Board and GEM)

	May 2021 ($Mil)	Apr 2021 ($Mil)	% Change
Equities	2,541,925.94 (83.0%)	2,465,962.25 (83.3%)	3.1%
Derivative warrants	211,607.72 (6.9%)	211,818.73 (7.2%)	-0.1%
CBBCs	162,071.54 (5.3%)	160,368.63 (5.4%)	1.1%
Inline warrants	127.56 (0.0%)	258.70 (0.0%)	-50.7%
Unit trusts (include ETFs)	142,921.05 (4.7%)	113,240.21 (3.8%)	26.2%

May 2021

($Mil)

Apr 2021

($Mil)

% Change

Equities

2,541,925.94

(83.0%)

2,465,962.25

(83.3%)

3.1%

Derivative warrants

211,607.72

(6.9%)

211,818.73

(7.2%)

-0.1%

CBBCs

162,071.54

(5.3%)

160,368.63

(5.4%)

1.1%

Inline warrants

127.56

(0.0%)

258.70

(0.0%)

-50.7%

Unit trusts

(include ETFs)

142,921.05

(4.7%)

113,240.21

(3.8%)

26.2%

( ) % 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 May 2021 was $32,759 million (1.1% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	May 2021	May 2020	End 2020
No. of H shares	291	281	291
No. of Red chips Stocks	176	177	176
No. of Mainland private enterprises	869	803	852
Market capitalisation (% of market total)	80.1%	76.9%	80.1%
Turnover value (% of equity turnover)	87.2%	81.9%	84.7%

Index Performance

Month-end figures

	May 2021	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	43319.75	0.0%	29.9%
S&P/HKEX GEM Index	106.08	-21.5%	36.2%
Hang Seng Index	29151.8	1.5%	27.0%
Hang Seng China Enterprises Index	10889.12	0.6%	13.9%
Hang Seng China-Affiliated Corporations Index*	4109.06	1.2%	12.4%
CES China 120 Index ^	8525.32	1.6%	27.7%
CESChina HK Mainland Index +	9405.78	1.3%	29.9%

* - 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)
	May 2021	Apr 2021	% Change
Total Futures	385,364	387,951	-0.7%
Hang Seng Index Futures	127,269	131,475	-3.2%
Mini Hang Seng Index Futures	90,620	99,400	-8.8%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	110,892	109,954	0.9%
Mini-Hang Seng China Enterprises Index Futures	11,800	13,960	-15.5%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	20	13	53.8%
HSCEI Dividend Point Index Futures	1,577	998	58.0%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	10,033	7,059	42.1%
MSCI AC Asia ex Japan NTR Index Futures	38	15	153.3%
MSCI Australia Net Total Return (USD) Index Futures	1	0	-
MSCI China Free (USD) Index Futures	18	25	-28.0%
MSCI China Free Net Total Return (USD) Index Futures	51	44	15.9%
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	12	6	100.0%
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	4	0	-
MSCI Hong Kong Net Total Return (USD) Index Futures	0	0	-
MSCI India (USD) Index Futures	0	1	-100.0%
MSCI India Net Total Return (USD) Index Futures	4	2	100.0%
MSCI Indonesia (USD) Index Futures	1	1	0.0%
MSCI Indonesia Net Total Return (USD) Index Futures	13	2	550.0%
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	107	-100.0%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	12	3	300.0%
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	1	1	0.0%
MSCI Singapore Free (SGD) Index Futures	5	4	25.0%
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	7,681	6,494	18.3%
MSCI Taiwan 25/50 (USD) Index Futures	60	63	-4.8%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	116	16	625.0%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	36	2	1700.0%
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	8,485	8,868	-4.3%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	6,209	4,763	30.4%
RMB Currency Futures - Mini USD/CNH Futures *	8,210	6,406	28.2%
RMB Currency Futures - EUR/CNH Futures	6	2	200.0%
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	910	1,725	-47.2%
INR Currency Futures - INR/CNH Futures	0	6	-100.0%
USD Gold Futures	29	7	314.3%
CNH Gold Futures	0	0	-
USD Silver Futures	2	5	-60.0%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	4	10	-60.0%
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	325	493	-34.1%
USD London Zinc Mini Futures	283	344	-17.7%
USD London Copper Mini Futures	635	393	61.6%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	0	-
USD London Tin Mini Futures	0	0	-
Total Options	621,359	645,992	-3.8%
Hang Seng Index Options	23,316	22,772	2.4%
Mini Hang Seng Index Options	10,635	12,195	-12.8%
Weekly Hang Seng Index Options	7,002	7,617	-8.1%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	31,705	34,514	-8.1%
Mini-Hang Seng China Enterprises Index Options	1,016	1,549	-34.4%
Weekly Hang Seng China Enterprises Index Options	1,301	1,413	-7.9%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng TECH Index Options	876	541	61.9%
MSCI China Free (USD) Index Options	0	0	-
MSCI Taiwan (USD) Index Options	1	0	-
Stock Options	545,480	565,353	-3.5%
RMB Currency Options - USD/CNH Options	26	37	-29.7%
Total Futures and Options	1,006,723	1,033,942	-2.6%

* Trading commenced on 26 April 2021

Clearing and Settlement

CCASS Statistics (securities market)	May 2021	Apr 2021	% Change
Average daily number of exchange trades settled by CCASS	2,157,782	2,029,480	6.32%
Average daily number of settlement instructions (“SIs”) settled by CCASS	123,030	121,246	1.47%
Average daily number of investor SIs (“ISIs”) settled by CCASS	276	238	15.97%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.93	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.90 61.61	77.06 61.94	N/A N/A
DCASS Statistics (derivatives market)	May 2021	Apr 2021	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	523,416	522,639	0.1%
– Stock Futures	38,576	39,447	-2.2%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	26,064	26,688	-2.3%
– INR Currency Futures	622	588	5.8%
– Gold Futures	107	88	21.6%
– Silver Futures	0	0	-
– Iron Ore Futures	15	126	-88.1%
– London Metal Mini Futures	1,010	670	50.7%
– Equity Index Options	1,629,546	1,611,144	1.1%
– Stock Options	10,973,915	10,966,082	0.1%
– RMB Currency Options	2,754	2,502	10.1%

Year-to-date Statistics

Securities Market	May 2021 YTD	May 2020 YTD	% Change
No. of newly listed companies #	39	55	-29.1%
Average daily turnover by value ($Mil.) ^	197,107	115,864	70.1%
Average share traded per trading day (Mil. Shares)	276,823	199,380	38.8%
Average no. of trades per trading day	2,627,952	1,821,996	44.2%
Fund raised by IPOs ($Mil.)	183,919	25,534	620.3%
Total funds raised (including IPOs) ($Mil.)*	415,974	138,618	200.1%
Derivatives Market	May 2021 YTD	May 2020 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	418,200	505,800	-17.3%
– Stock Futures	11,729	4,263	175.1%
– Interest Rates Futures	0	3	-100.0%
– RMB Currency Futures	8,403	7,177	17.1%
– INR Currency Futures	1,081	734	47.3%
– Gold Futures	12	648	-98.1%
– Silver Futures	1	-	-
– Iron Ore Futures	7	428	-98.4%
– London Metal Mini Futures	898	514	74.7%
– Equity Index Options	97,022	167,084	-41.9%
– Stock Options	720,794	496,476	45.2%
– RMB Currency Options	28	47	-40.4%
Clearing & Settlement	May 2021 YTD	May 2020 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,626,061	1,820,365	44.26%
Average daily number of settlement instructions (SIs) settled by CCASS	136,653	109,272	25.06%
Average daily number of investor SIs (ISIs) settled by CCASS	329	270	21.85%

# 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 May 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	2021/02/24	354,330,826,815
2	2021/02/26	321,313,602,377
3	2021/02/22	303,594,716,032
4	2021/01/19	302,507,509,559
5	2021/01/20	301,244,822,148
6	2015/04/09	293,910,756,648
7	2021/01/25	288,079,469,553
8	2018/03/23	284,101,947,853
9	2021/02/18	284,013,143,876
10	2021/04/08	281,396,756,199

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	477,061	2019/02/25	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	22,321	2018/10/26
Hang Seng Index Options	140,628	2021/01/11	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
Stock Futures	36,944	2021/03/09	61,238	2021/03/22

Updated 31 May 2021