HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $33.3 trillion at the end of November 2022, an increase of 26 per cent from $26.4 trillion at the end of October 2022.
The average daily turnover in November 2022 was $140.4 billion, an increase of 34 per cent when compared with $104.6 billion in October 2022, and an increase of 7 per cent from $131.7 billion for the same period last year.
The average daily turnover of ETFs for the first eleven months of 2022 was $9.7 billion, an increase of 45 per cent when compared with $6.7 billion for the same period last year.
The average daily turnover of L&I Products for the first eleven months of 2022 was $2.1 billion, an increase of 91 per cent when compared with $1.1 billion for the same period last year.
The average daily turnover of Debt Securities for the first eleven months of 2022 was $560 million, an increase of 33 per cent when compared with $420 million for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first eleven months of 2022 was 1,296,443 contracts, an increase of 9 per cent when compared with the 1,194,349 contracts for the same period last year.
The average daily turnover of equity index futures for the first eleven months of 2022 was 556,958 contracts, an increase of 35 per cent when compared with the 413,623 contracts for the same period last year.
The average daily turnover of equity index options for the first eleven months of 2022 was 122,538 contracts, an increase of 22 per cent when compared with the 100,777 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first eleven months of 2022 was 18,465 contracts, an increase of 68 per cent when compared with the 10,984 contracts for the same period last year.
On 28 November 2022, the turnover of Hang Seng China Enterprises Index Futures reached a record high of 578,563 contracts.
On 4 November 2022, the turnover of Weekly Hang Seng Index Options reached a record high of 29,065 contracts.
On 25 November 2022, the turnover of Mini-Hang Seng China Enterprises Index Options reached a record high of 40,319 contracts.
On 7 November 2022, the turnover of Hang Seng China Enterprises Index Futures Options reached a record high of 69,569 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Nov 2022	Nov 2021	End 2021
No. of listed companies	2,582	2,561	2,572
Total market capitalisation ($Bil.)	33,317.8	42,880.9	42,381.1
No. of newly listed companies *	7	7	98
No. of listed securities	16,140	18,958	18,882
No. of SPAC shares	4	-	-
No. of equity warrants (excluding SPAC warrants)	2	4	4
No. of SPAC warrants	4	-	-
No. of derivatives warrants	7,254	9,504	9,464
No. of inline warrants	32	131	98
No. of CBBCs	4,308	4,819	4,817
No. of unit trusts	187	171	167
No. of debt securities	1,764	1,753	1,747

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

Number of Newly Listed Securities (Main Board and GEM)

	Nov 2022	Nov 2021	2021
Derivatives warrants	803	1,344	16,684
CBBCs	3,149	3,323	42,807
Unit trusts	5	2	34
Debt securities	27	56	508

Securities Market Turnover (Main Board and GEM)

	Nov 2022	Oct 2022	% Change
Monthly turnover ($Mil.) *	3,087,882	2,091,901	47.6%
Average daily turnover by value ($Mil.) *	140,358	104,595	34.2%
No. of trading days	22	20	-

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

Turnover by Type of Securities (Main Board and GEM)

	Nov 2022 ($Mil)	Oct 2022 ($Mil)	% Change
Equities	2,380,552.26 (77.1%)	1,526,003.99 (72.9%)	56.0%
Derivative warrants	152,278.87 (4.9%)	132,610.72 (6.3%)	14.8%
CBBCs	173,186.28 (5.6%)	149,480.24 (7.1%)	15.9%
Inline warrants	1.00 (0.0%)	2.43 (0.0%)	-58.8%
Unit trusts (include ETFs)	373,825.85 (12.1%)	270,967.98 (13.0%)	38.0%

Nov 2022

($Mil)

Oct 2022

($Mil)

% Change

Equities

2,380,552.26

(77.1%)

1,526,003.99

(72.9%)

56.0%

Derivative warrants

152,278.87

(4.9%)

132,610.72

(6.3%)

14.8%

CBBCs

173,186.28

(5.6%)

149,480.24

(7.1%)

15.9%

Inline warrants

1.00

(0.0%)

2.43

(0.0%)

-58.8%

Unit trusts

(include ETFs)

373,825.85

(12.1%)

270,967.98

(13.0%)

38.0%

( ) % 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 Nov 2022 was $35,728 million (1.2% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Nov 2022	Nov 2021	End 2021
No. of H shares	311	293	296
No. of Red chips Stocks	174	174	174
No. of Mainland private enterprises	910	889	898
Market capitalisation (% of market total)	77.1%	79.5%	78.9%
Turnover value (% of equity turnover)	88.7%	86.3%	88.1%

Index Performance

Month-end figures

	Nov 2022	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	26228.39	28.2%	-24.8%
S&P/HKEX GEM Index	35.98	10.7%	-47.5%
Hang Seng Index	18597.23	26.6%	-20.8%
Hang Seng China Enterprises Index	6374.44	29.1%	-23.8%
Hang Seng China-Affiliated Corporations Index*	3655.13	29.1%	-2.3%
CES China 120 Index ^	5482.59	19.2%	-19.8%
CESChina HK Mainland Index +	5112.40	31.1%	-28.2%

* - 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)*
	Nov 2022	Oct 2022	% Change
Total Futures	712,480	687,111	3.7%
Hang Seng Index Futures	173,416	174,368	-0.5%
Mini Hang Seng Index Futures	123,026	119,795	2.7%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	229,742	220,729	4.1%
Mini-Hang Seng China Enterprises Index Futures	14,248	12,334	15.5%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	7	0	-
HSCEI Dividend Point Index Futures	1,167	1,621	-28.0%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	116,266	101,547	14.5%
MSCI AC Asia ex Japan NTR Index Futures	18	8	125.0%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	14,027	12,199	15.0%
MSCI China (USD) Index Futures	0	0	-
MSCI China Free (USD) Index Futures	0	0	-
MSCI China Free Net Total Return (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	85	152	-44.1%
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	6	4	50.0%
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	6	0	-
MSCI Hong Kong Net Total Return (USD) Index Futures	31	6	416.7%
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	4	2	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	0	-
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	8	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	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	7,235	9,435	-23.3%
MSCI Taiwan 25/50 (USD) Index Futures	23	22	4.5%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	130	12	983.3%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	5	2	150.0%
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	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	7,238	5,962	21.4%
3-Month HIBOR Futures	1	2	-50.0%
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	20,487	22,551	-9.2%
RMB Currency Futures - Mini USD/CNH Futures	1,151	2,308	-50.1%
RMB Currency Futures - EUR/CNH Futures	7	3	133.3%
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	1	2	-50.0%
INR Currency Futures - INR/USD Futures	1,236	846	46.1%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	2,134	2,322	-8.1%
CNH Gold Futures	0	0	-
USD Silver Futures	10	9	11.1%
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	201	244	-17.6%
USD London Zinc Mini Futures	370	400	-7.5%
USD London Copper Mini Futures	189	226	-16.4%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	0	-
USD London Tin Mini Futures	0	0	-
Total Options	865,980	803,539	7.8%
Hang Seng Index Options	31,183	33,669	-7.4%
Mini Hang Seng Index Options	14,610	14,997	-2.6%
Weekly Hang Seng Index Options	15,012	12,489	20.2%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	4,771	3,950	20.8%
Hang Seng China Enterprises Index Options	56,987	64,003	-11.0%
Mini-Hang Seng China Enterprises Index Options	9,603	3,746	156.4%
Weekly Hang Seng China Enterprises Index Options	2,212	1,829	20.9%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	41,277	36,969	11.7%
Hang Seng TECH Index Options	2,507	2,388	5.0%
Hang Seng TECH Index Futures Options ^	74	-	-
MSCI China Free (USD) Index Options	0	0	-
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	687,706	629,460	9.3%
RMB Currency Options - USD/CNH Options	38	39	-2.6%
Total Futures and Options	1,578,460	1,490,650	5.9%

* Total average daily volume is the sum of the respective average volume of the individual products
# Trading suspended with effect from 17 October 2022
^ Trading commenced on 28 November 2022

Clearing and Settlement

CCASS Statistics (securities market)	Nov 2022	Oct 2022	% Change
Average daily number of exchange trades settled by CCASS	2,501,857	1,964,665	27.34%
Average daily number of settlement instructions (“SIs”) settled by CCASS	105,959	102,207	3.67%
Average daily number of investor SIs (“ISIs”) settled by CCASS	157	161	-2.38%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.86	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.9 64.19	75.44 63.31	N/A N/A
DCASS Statistics (derivatives market)	Nov 2022	Oct 2022	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	1,113,801	1,093,379	1.9%
– Stock Futures	34,621	29,028	19.3%
– Interest Rates Futures	45	45	0.0%
– RMB Currency Futures	22,659	25,728	-11.9%
– INR Currency Futures	295	226	30.5%
– Gold Futures	350	234	49.6%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	5	1	400.0%
– Equity Index Options	2,874,793	2,595,007	10.8%
– Stock Options	9,738,365	8,915,013	9.2%
– RMB Currency Options	1,263	1,010	25.0%

Year-to-date Statistics

Securities Market	Nov 2022 YTD	Nov 2021 YTD	% Change
No. of newly listed companies #	69	83	-16.9%
Average daily turnover by value ($Mil.) ^	123,972	171,518	-27.7%
Average share traded per trading day (Mil. Shares)	237,707	252,589	-5.9%
Average no. of trades per trading day	2,126,180	2,410,438	-11.8%
Fund raised by IPOs ($Mil.)*	87,776	298,709	-70.6%
Total funds raised (including IPOs) ($Mil.)**	219,998	709,137	-69.0%
Derivatives Market	Nov 2022 YTD	Nov 2021 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	556,958	413,623	34.7%
– Stock Futures	7,875	9,926	-20.7%
– Interest Rates Futures	1	0	-
– RMB Currency Futures	18,465	10,984	68.1%
– INR Currency Futures	1,006	1,052	-4.4%
– Gold Futures	1,722	228	655.3%
– Silver Futures	10	4	150.0%
– Iron Ore Futures	25	19	31.6%
– London Metal Mini Futures	1,311	1,742	-24.7%
– Equity Index Options	122,538	100,777	21.6%
– Stock Options	586,501	655,971	-10.6%
– RMB Currency Options	31	23	34.8%
Clearing & Settlement	Nov 2022 YTD	Nov 2021 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,125,097	2,398,126	-11.39%
Average daily number of settlement instructions (SIs) settled by CCASS	111,489	127,211	-12.36%
Average daily number of investor SIs (ISIs) settled by CCASS	202	272	-25.59%

# 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 Nov 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	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	578,563	2022/11/28	739,388	2022/11/25
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	306,517	2022/10/25	167,258	2022/11/18
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
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11
Hang Seng China Enterprises Index Futures Options	69,569	2022/11/07	995,813	2022/11/17
MSCI China A 50 Connect (USD) Index Futures	65,682	2022/02/16	42,718	2022/01/18

Updated 30 Nov 2022