HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $37.9 trillion at the end of May 2022, an increase of 1 per cent from $37.6 trillion at the end of April 2022.
The average daily turnover in May 2022 was $119.4 billion, an increase of 2 per cent when compared with $116.7 billion in April 2022.
The average daily turnover of ETFs for the first five months of 2022 was $9.3 billion, an increase of 45 per cent when compared with $6.4 billion for the same period last year.
The average daily turnover of L&I Products for the first five months of 2022 was $2.0 billion, an increase of 67 per cent when compared with $1.2 billion for the same period last year.
The average daily turnover of Debt Securities for the first five months of 2022 was $570 million, an increase of 63 per cent when compared with $350 million for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first five months of 2022 was 1,303,137 contracts, an increase of 3 per cent when compared with the 1,264,122 contracts for the same period last year.
The average daily turnover of equity index futures for the first five months of 2022 was 554,341 contracts, an increase of 33 per cent when compared with the 418,199 contracts for the same period last year.
The average daily turnover of equity index options for the first five months of 2022 was 115,962 contracts, an increase of 19 per cent when compared with the 97,084 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first five months of 2022 was 18,332 contracts, an increase of 28 per cent when compared with the 14,290 contracts for the same period last year.
On 25 May 2022, the open interest of Hang Seng TECH Index Futures reached a record high of 114,190 contracts.
On 26 May 2022, the turnover and open interest of Hang Seng Index Futures Options reached a record high of 49,375 contracts and 73,312 contracts respectively.
On 19 May 2022, the open interest of Hang Seng China Enterprises Index Futures Options reached a record high of 373,566 contracts.
On 26 May 2022, the open interest of MSCI China Net Total Return (USD) Index Futures reached a record high of 14,722 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	May 2022	May 2021	End 2021
No. of listed companies	2,565	2,550	2,572
Total market capitalisation ($Bil.)	37,882.6	53,332.9	42,381.1
No. of newly listed companies *	2	4	98
No. of listed securities	17,139	18,530	18,882
No. of SPAC shares	1	-	-
No. of equity warrants (excluding SPAC warrants)	4	2	4
No. of SPAC warrants	1	-	-
No. of derivatives warrants	8,139	8,906	9,464
No. of inline warrants	56	306	98
No. of CBBCs	4,410	4,919	4,817
No. of unit trusts	174	168	167
No. of debt securities	1,778	1,663	1,747

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

Securities Market Turnover (Main Board and GEM)

	May 2022	Apr 2022	% Change
Monthly turnover ($Mil.) *	2,388,351	2,100,772	13.7%
Average daily turnover by value ($Mil.) *	119,418	116,710	2.3%
No. of trading days	20	18	-

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

Turnover by Type of Securities (Main Board and GEM)

	May 2022 ($Mil)	Apr 2022 ($Mil)	% Change
Equities	1,839,234.66 (77.0%)	1,596,064.12 (76.0%)	15.2%
Derivative warrants	163,646.95 (6.9%)	148,452.53 (7.1%)	10.2%
CBBCs	145,498.74 (6.1%)	122,794.40 (5.8%)	18.5%
Inline warrants	5.57 (0.0%)	4.99 (0.0%)	11.6%
Unit trusts (include ETFs)	227,840.65 (9.5%)	225,132.10 (10.7%)	1.2%

May 2022

($Mil)

Apr 2022

($Mil)

% Change

Equities

1,839,234.66

(77.0%)

1,596,064.12

(76.0%)

15.2%

Derivative warrants

163,646.95

(6.9%)

148,452.53

(7.1%)

10.2%

CBBCs

145,498.74

(6.1%)

122,794.40

(5.8%)

18.5%

Inline warrants

5.57

(0.0%)

4.99

(0.0%)

11.6%

Unit trusts

(include ETFs)

227,840.65

(9.5%)

225,132.10

(10.7%)

1.2%

( ) % 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 2022 was $32,405 million (1.4% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	May 2022	May 2021	End 2021
No. of H shares	300	291	296
No. of Red chips Stocks	175	176	174
No. of Mainland private enterprises	895	869	898
Market capitalisation (% of market total)	77.6%	80.1%	78.9%
Turnover value (% of equity turnover)	87.3%	87.2%	88.1%

Index Performance

Month-end figures

	May 2022	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	30675.57	0.8%	-29.2%
S&P/HKEX GEM Index	38.99	0.8%	-63.2%
Hang Seng Index	21415.20	1.5%	-26.5%
Hang Seng China Enterprises Index	7416.75	1.6%	-31.9%
Hang Seng China-Affiliated Corporations Index*	3956.05	0.8%	-3.7%
CES China 120 Index ^	5971.61	0.6%	-30.0%
CESChina HK Mainland Index +	6091.65	0.5%	-35.2%

* - 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)*
	May 2022	Apr 2022	% Change
Total Futures	580,682	595,595	-2.5%
Hang Seng Index Futures	143,209	153,339	-6.6%
Mini Hang Seng Index Futures	106,826	110,123	-3.0%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	185,846	179,248	3.7%
Mini-Hang Seng China Enterprises Index Futures	12,950	14,193	-8.8%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	20	42	-52.4%
HSCEI Dividend Point Index Futures	1,323	1,994	-33.7%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	71,800	70,017	2.5%
MSCI AC Asia ex Japan NTR Index Futures	18	10	80.0%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	15,853	19,795	-19.9%
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	434	100	334.0%
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	8	4	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	2	1	100.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	4	0	-
MSCI India (USD) Index Futures	0	0	-
MSCI India Net Total Return (USD) Index Futures	16	6	166.7%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	24	7	242.9%
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	130	0	-
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	7	6	16.7%
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	4	2	100.0%
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	7,630	6,466	18.0%
MSCI Taiwan 25/50 (USD) Index Futures	11	18	-38.9%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	213	20	965.0%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	5	1	400.0%
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	3	2	50.0%
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	7,029	8,407	-16.4%
3-Month HIBOR Futures	1	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	19,538	16,553	18.0%
RMB Currency Futures - Mini USD/CNH Futures	3,720	10,001	-62.8%
RMB Currency Futures - EUR/CNH Futures	7	3	133.3%
RMB Currency Futures - JPY/CNH Futures	2	2	0.0%
RMB Currency Futures - AUD/CNH Futures	1	0	-
RMB Currency Futures - CNH/USD Futures	2	14	-85.7%
INR Currency Futures - INR/USD Futures	218	1,393	-84.4%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	1,680	1,746	-3.8%
CNH Gold Futures	0	0	-
USD Silver Futures	3	3	0.0%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	139	77	80.5%
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	537	464	15.7%
USD London Zinc Mini Futures	1,096	1,023	7.1%
USD London Copper Mini Futures	373	515	-27.6%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	0	-
USD London Tin Mini Futures	0	0	-
Total Options	637,766	669,309	-4.7%
Hang Seng Index Options	21,403	26,267	-18.5%
Mini Hang Seng Index Options	12,123	12,413	-2.3%
Weekly Hang Seng Index Options	10,512	10,121	3.9%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	3,892	816	377.0%
Hang Seng China Enterprises Index Options	48,184	46,873	2.8%
Mini-Hang Seng China Enterprises Index Options	2,457	2,203	11.5%
Weekly Hang Seng China Enterprises Index Options	1,519	1,749	-13.2%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	13,527	9,225	46.6%
Hang Seng TECH Index Options	488	346	41.0%
MSCI China Free (USD) Index Options	0	0	-
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	523,598	559,234	-6.4%
RMB Currency Options - USD/CNH Options	63	62	1.6%
Total Futures and Options	1,218,448	1,264,904	-3.7%

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

Clearing and Settlement

CCASS Statistics (securities market)	May 2022	Apr 2022	% Change
Average daily number of exchange trades settled by CCASS	2,047,212	2,031,378	0.78%
Average daily number of settlement instructions (“SIs”) settled by CCASS	108,094	113,303	-4.60%
Average daily number of investor SIs (“ISIs”) settled by CCASS	197	214	-7.94%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.48 63.81	76.48 63.60	N/A N/A
DCASS Statistics (derivatives market)	May 2022	Apr 2022	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	827,180	868,911	-4.8%
– Stock Futures	38,013	36,068	5.4%
– Interest Rates Futures	25	15	66.7%
– RMB Currency Futures	26,782	31,973	-16.2%
– INR Currency Futures	171	65	163.1%
– Gold Futures	192	88	118.2%
– Silver Futures	0	0	-
– Iron Ore Futures	3,470	1,380	151.4%
– London Metal Mini Futures	850	1,288	-34.0%
– Equity Index Options	1,931,493	1,729,479	11.7%
– Stock Options	9,326,135	8,884,118	5.0%
– RMB Currency Options	2,141	1,908	12.2%

Year-to-date Statistics

Securities Market	May 2022 YTD	May 2021 YTD	% Change
No. of newly listed companies #	21	39	-46.2%
Average daily turnover by value ($Mil.) ^	135,630	197,107	-31.2%
Average share traded per trading day (Mil. Shares)	255,827	276,823	-7.6%
Average no. of trades per trading day	2,256,327	2,627,952	-14.1%
Fund raised by IPOs ($Mil.)*	16,982	187,661	-91.0%
Total funds raised (including IPOs) ($Mil.)**	108,968	420,344	-74.1%
Derivatives Market	May 2022 YTD	May 2021 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	554,341	418,199	32.6%
– Stock Futures	9,680	11,729	-17.5%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	18,332	14,290	28.3%
– INR Currency Futures	1,341	1,080	24.2%
– Gold Futures	1,636	12	13533.3%
– Silver Futures	11	1	1000.0%
– Iron Ore Futures	56	7	700.0%
– London Metal Mini Futures	1,681	898	87.2%
– Equity Index Options	115,962	97,084	19.4%
– Stock Options	600,063	720,794	-16.7%
– RMB Currency Options	34	28	21.4%
Clearing & Settlement	May 2022 YTD	May 2021 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,255,135	2,626,062	-14.12%
Average daily number of settlement instructions (SIs) settled by CCASS	119,011	136,653	-12.91%
Average daily number of investor SIs (ISIs) settled by CCASS	241	329	-26.67%

# 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 31 May 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	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	27,632	2022/03/17
Hang Seng TECH Index Futures	169,151	2022/03/16	114,190	2022/05/25
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 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 31 May 2022