In terms of trading value:
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Institutional investors remain the largest participant group by type, versus retail investors and Exchange Participants’ principal trading1 |
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Overseas investors remain the largest investor group by origin, versus local investors |
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UK, Mainland Chinese and US investors remain the three largest overseas investor groups |
The Cash Market Transaction Survey 2016 (the 2016 Survey) conducted by Hong Kong Exchanges and Clearing Limited (HKEX) found that Hong Kong’s securities market continues to attract a wide range of investors.
The survey results showed there was little change in the contribution of investors by type or origin in the 12 months to December 2016 compared with the 12 months to September 2015 (the 2014/15 Survey) covered in the previous survey.
The survey's target respondents were Exchange Participants2. The response rate was 80 per cent by number and 97 per cent by turnover value in the target population.
Key findings
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Overseas investors, local investors and Exchange Participants’ principal trading contributed 40, 36 and 24 per cent of the 2016 trading value respectively, compared to 39, 39 and 22 per cent in 2014/15. |
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Institutional investors, Exchange Participants’ principal trading and retail investors provided 53, 24 and 23 per cent of the 2016 trading value respectively, compared to 51, 22 and 27 per cent in 2014/15. |
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UK investors, Mainland China investors and US investors were the three largest overseas contributor groups, accounting for 23, 22 and 20 per cent of overseas investor trading, or 9, 9 and 8 per cent of total market turnover. |
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Retail online trading accounted for 47 per cent of total retail investor trading, compared to 44 per cent in 2014/15, or 11 per cent of total market turnover, compared to 12 per cent in 2014/15. |
Distribution of cash market trading value by investor type (2016)
Distribution of cash market trading value by investor type (local vs overseas)
(2006/07 - 2016)
Percentages may not total 100% due to rounding.
Distribution of cash market trading value by investor type (retail vs institutional)
(2006/07 - 2016)
Percentages may not total 100% due to rounding.
Distribution of overseas investor trading value in cash market by origin (2016)
Percentages may not total 100% due to rounding.
Remarks
(1) Refer to a list of countries included in “Rest of Asia” on page 9 of the HKEX Cash Market Transaction Survey 2016
(2) Refer to a list of countries included in “Others” on page 9 of the HKEX Cash Market Transaction Survey 2016
Distribution of cash market trading value by local and overseas origin (2016)
Percentages may not total 100% due to rounding.
Remark: (1) Others comprise investors from Japan, Taiwan, Rest of Asia and Rest of the World.
Percentage share of retail online trading value in cash market (2006/07 – 2016)
Percentages may not total 100% due to rounding.
For further details, please see the survey results report on the HKEX website.
Notes:
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Exchange Participants’ principal trading is the trading on their own accounts. |
| 2. |
Responses from the Exchange Participants to the survey stemmed from their own understanding of their clients.HKEX had no direct access to Exchange Participants' clients, nor could it verify their identities. |
Ends