HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $50.7 trillion at the end of January 2021, an increase of 41 per cent from $36.0 trillion for the same period last year.
The average daily turnover in January 2021 was $245.7 billion, an increase of 136 per cent from $103.9 billion for the same period last year.
The average daily turnover of derivative warrants in January 2021 was $13.3 billion, an increase of 40 per cent when compared with $9.5 billion for the same period last year.
The average daily turnover of CBBCs in January 2021 was $11.9 billion, an increase of 40 per cent when compared with $8.5 billion for the same period last year.
The average daily turnover of ETFs in January 2021 was $7.2 billion, an increase of 31 per cent when compared with $5.5 billion for the same period last year.
The average daily turnover of L&I Products in January 2021 was $1.1 billion, an increase of 38 per cent when compared with $0.8 billion for the same period last year.
The average daily turnover of debt securities in January 2021 was $300 million, an increase of 36 per cent when compared with $220 million for the same period last year.

- Derivatives Market

The average daily turnover of futures and options in January 2021 was 1,513,249 contracts, an increase of 33 per cent when compared with 1,140,540 contracts for the same period last year.
The average daily turnover of Stock Options in January 2021 was 898,569 contracts, an increase of 72 per cent when compared with 523,431 contracts for the same period last year.
The average daily turnover of Stock Futures in January 2021 was 12,891 contracts, an increase of 195 per cent when compared with 4,370 contracts for the same period last year.
On 11 January 2021, the turnover of Hang Seng Index Options and Hang Seng China Enterprises Index Options reached a record high of 140,628 contracts and 389,483 contracts respectively.
On 25 and 27 January 2021, the turnover and open interest of Hang Seng TECH Index Futures reached a record high of 10,600 contracts and 10,955 contracts respectively.

Listed Securities (Main Board and GEM)

Month-end figures

	Jan 2021	Jan 2020	End 2020
No. of listed companies	2,545	2,468	2,538
Total market capitalisation ($Bil.)	50,688.1	35,972.5	47,523.0
No. of newly listed companies *	14	22	154
No. of listed securities	18,124	13,106	17,041
No. of equity warrants	1	3	1
No. of derivatives warrants	7,898	4,945	7,507
No. of inline warrants	460	942	507
No. of CBBCs	5,431	3,182	4,739
No. of unit trusts	161	148	159
No. of debt securities	1,612	1,402	1,574

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

Securities Market Turnover (Main Board and GEM)

	Jan 2021	Dec 2020	% Change
Monthly turnover ($Mil.) *	4,914,178	3,098,678	58.6%
Average daily turnover by value ($Mil.) *	245,709	140,849	74.4%
No. of trading days	20	22	-

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

Turnover by Type of Securities (Main Board and GEM)

	Jan 2021 ($Mil)	Dec 2020 ($Mil)	% Change
Equities	4,226,848.83 (86.0%)	2,661,635.05 (85.9%)	58.8%
Derivative warrants	266,654.65 (5.4%)	158,449.12 (5.1%)	68.3%
CBBCs	237,570.38 (4.8%)	144,735.81 (4.7%)	64.1%
Inline warrants	128.82 (0.0%)	107.20 (0.0%)	20.2%
Unit trusts (include ETFs)	176,959.99 (3.6%)	126,993.34 (4.1%)	39.3%

( ) % 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 January 2021 was $42,680 million (0.9% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Jan 2021	Jan 2020	End 2020
No. of H shares	291	285	291
No. of Red chips Stocks	177	178	176
No. of Mainland private enterprises	858	795	852
Market capitalisation (% of market total)	80.8%	73.3%	80.1%
Turnover value (% of equity turnover)	90.0%	82.5%	84.7%

Index Performance

Month-end figures

	Jan 2021	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	44626.40	6.5%	27.2%
S&P/HKEX GEM Index	168.27	25.8%	115.2%
Hang Seng Index	28283.71	3.9%	7.5%
Hang Seng China Enterprises Index	11208.78	4.4%	9.5%
Hang Seng China-Affiliated Corporations Index*	3874.18	2.0%	-5.5%
CES China 120 Index ^	8867.25	4.8%	30.9%
CESChina HK Mainland Index +	9703.06	5.6%	31.7%

* - 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)
	Jan 2021	Dec 2020	% Change
Total Futures	466,327	329,720	41.4%
Hang Seng Index Futures	165,120	114,911	43.7%
Mini Hang Seng Index Futures	109,142	70,391	55.1%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	140,203	107,194	30.8%
Mini-Hang Seng China Enterprises Index Futures	16,066	10,781	49.0%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	96	117	-17.9%
HSCEI Dividend Point Index Futures	860	1,315	-34.6%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	4,188	1,932	116.8%
MSCI AC Asia ex Japan NTR Index Futures	42	53	-20.8%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China Free (USD) Index Futures	4	0	-
MSCI China Free Net Total Return (USD) Index Futures	100	341	-70.7%
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	1	82	-98.8%
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	2	0	-
MSCI Emerging Markets Net Total Return (USD) Index Futures	9	0	-
MSCI Hong Kong Net Total Return (USD) Index Futures	0	0	-
MSCI India (USD) Index Futures	0	0	-
MSCI India Net Total Return (USD) Index Futures	7	226	-96.9%
MSCI Indonesia (USD) Index Futures	5	13	-61.5%
MSCI Indonesia Net Total Return (USD) Index Futures	17	607	-97.2%
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	489	-100.0%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	9	96	-90.6%
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	2	0	-
MSCI Singapore Free (SGD) Index Futures	9	21	-57.1%
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	9,210	6,941	32.7%
MSCI Taiwan 25/50 (USD) Index Futures	137	52	163.5%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	2	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	15	387	-96.1%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	25	393	-93.6%
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	12,891	4,861	165.2%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	7,157	7,356	-2.7%
RMB Currency Futures - EUR/CNH Futures	6	4	50.0%
RMB Currency Futures - JPY/CNH Futures	1	0	-
RMB Currency Futures - AUD/CNH Futures	1	0	-
RMB Currency Futures - CNH/USD Futures	1	3	-66.7%
INR Currency Futures - INR/USD Futures	532	379	40.4%
INR Currency Futures - INR/CNH Futures	6	0	-
USD Gold Futures	13	5	160.0%
CNH Gold Futures	0	0	-
USD Silver Futures	0	11	-100.0%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	22	63	-65.1%
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	125	81	54.3%
USD London Zinc Mini Futures	100	145	-31.0%
USD London Copper Mini Futures	203	449	-54.8%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	23	-100.0%
USD London Tin Mini Futures	0	0	-
Total Options	1,046,922	663,875	57.7%
Hang Seng Index Options	42,136	23,844	76.7%
Mini Hang Seng Index Options	13,634	8,224	65.8%
Weekly Hang Seng Index Options	6,417	5,400	18.8%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	81,427	59,910	35.9%
Mini-Hang Seng China Enterprises Index Options	2,085	1,535	35.8%
Weekly Hang Seng China Enterprises Index Options	2,497	2,680	-6.8%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng TECH Index Options *	249	-	-
Stock Options	898,569	562,259	59.8%
RMB Currency Options - USD/CNH Options	32	23	39.1%
Total Futures and Options	1,513,249	993,595	52.3%

* Trading commenced on 18 January 2021

Clearing and Settlement

CCASS Statistics (securities market)	Jan 2021	Dec 2020	% Change
Average daily number of exchange trades settled by CCASS	3,102,164	2,027,210	53.03%
Average daily number of settlement instructions (“SIs”) settled by CCASS	144,012	131,144	9.81%
Average daily number of investor SIs (“ISIs”) settled by CCASS	401	301	33.22%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.93	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.27 61.53	76.84 60.92	N/A N/A
DCASS Statistics (derivatives market)	Jan 2021	Dec 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	552,002	566,431	-2.5%
– Stock Futures	38,803	22,965	69.0%
– Interest Rates Futures	15	15	0.0%
– RMB Currency Futures	26,791	28,375	-5.6%
– INR Currency Futures	557	237	135.0%
– Gold Futures	44	68	-35.3%
– Silver Futures	0	0	-
– Iron Ore Futures	548	1,174	-53.3%
– London Metal Mini Futures	68	132	-48.5%
– Equity Index Options	2,171,773	1,697,059	28.0%
– Stock Options	10,736,910	8,942,852	20.1%
– RMB Currency Options	2,726	2,483	9.8%

Year-to-date Statistics

Securities Market	Jan 2021 YTD	Jan 2020 YTD	% Change
No. of newly listed companies #	14	22	-36.4%
Average daily turnover by value ($Mil.) ^	245,709	103,934	136.4%
Average share traded per trading day (Mil. Shares)	273,408	209,315	30.6%
Average no. of trades per trading day	3,105,424	1,533,437	102.5%
Fund raised by IPOs ($Mil.)	10,058	8,991	11.9%
Total funds raised (including IPOs) ($Mil.)*	61,555	54,073	13.8%
Derivatives Market	Jan 2021 YTD	Jan 2020 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	445,271	434,702	2.4%
– Stock Futures	12,891	4,370	195.0%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	7,165	7,568	-5.3%
– INR Currency Futures	538	548	-1.8%
– Gold Futures	13	1,917	-99.3%
– Silver Futures	0	-	-
– Iron Ore Futures	22	189	-88.4%
– London Metal Mini Futures	428	707	-39.5%
– Equity Index Options	148,321	167,073	-11.2%
– Stock Options	898,569	523,431	71.7%
– RMB Currency Options	32	34	-5.9%
Clearing & Settlement	Jan 2021 YTD	Jan 2020 YTD	% Change
Average daily number of exchange trades handled by CCASS	3,102,164	1,532,051	102.48%
Average daily number of settlement instructions (SIs) settled by CCASS	144,012	105,115	37.00%
Average daily number of investor SIs (ISIs) settled by CCASS	401	262	53.05%

# 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 January 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	2021/01/19	302,507,509,559
2	2021/01/20	301,244,822,148
3	2015/04/09	293,910,756,648
4	2021/01/25	288,079,469,553
5	2018/03/23	284,101,947,853
6	2021/01/26	279,859,139,070
7	2021/01/28	271,479,952,478
8	2021/01/08	270,873,492,535
9	2020/11/11	267,929,184,159
10	2015/04/13	266,098,632,854

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2021/01/25	54,096,462,151,592
2	2021/01/20	53,096,060,751,906
3	2021/01/21	52,968,867,150,469
4	2021/01/26	52,835,877,805,850
5	2021/01/27	52,545,266,422,731
6	2021/01/22	52,462,539,834,186
7	2021/01/19	51,792,553,314,607
8	2021/01/28	51,035,941,949,371
9	2021/01/18	50,735,266,617,947
10	2021/01/29	50,688,091,034,465

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	13,725,731	2018/03/27
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
Mini Hang Seng Index Options	36,928	2019/08/26	66,588	2019/08/28

Updated 31 Jan 2021