HKEX Awards

2023 included many notable milestones for Stock Connect.

• From February 2023 onwards, up to 10 new days were added to the trading calendar per year.
• In March, 1,000+ new stocks were added to Northbound trading and the first eligible international companies were added to Southbound.
• The development of block trading functionality on Stock Connect was announced in August 2023.
• Synapse launched in October 2023, improving efficiency and transparency on Northbound.

In 2023, HKEX registered record volumes and added more products to its ETP market.

• ETP average daily turnover (ADT) reached a record HK$14.0b in 2023.
• ADT of ETFs via Southbound reached HK$2.7b in 2023.
• HKEX became the first Asian exchange to allow the listing of spot virtual asset ETFs.
• The world’s largest and Asia’s first Saudi Arabia ETF listed on HKEX.

HKEX’s derivatives market went from strength to strength in 2023.

• Average daily volume (ADV) of equity derivatives reached a record 1.3m contracts.
• Our MSCI product suite saw record month-end open interest 102,348 contracts in November 2023.
• Open interest in Hang Seng TECH options (including index options and options on futures) surged 343% year-on-year to 112,426 contracts at the end of 2023.

2023 was a year of breakthroughs - with more to come in 2024.

• A record 9 million USD/CNH Futures contracts were traded in 2023.
• Swap Connect launched in May 2023, allowing international investors to trade and clear onshore RMB interest rate swaps for the first time.
• China Treasury Bond Futures will launch soon, marking an exciting new milestone for Hong Kong’s RMB ecosystem.