Stock Connect continued to facilitate cross-border investment flows and achieved several notable milestones in 2022.

• The inclusion of ETFs in Stock Connect marked the start of a new chapter for the scheme.
• The planned addition of RMB counters in Southbound trading and the inclusion of international companies are poised to be game changers for cross-border investment.

The ETF market went from strength to strength in 2022, boasting a wider range of products and solidifying the position of Hong Kong as a leading ETF hub in Asia.

• The average daily turnover of the ETF market surged by 56% year-on-year to reach HK$12 billion in 2022.
• The listings of Asia's first crypto assets ETFs in Hong Kong provide investors with a new way to gain exposure to the crypto market, bolstering Hong Kong's status as a pioneer in the ETF industry.

Thanks to the exceptional efforts of our partners, HKEX's derivatives market had an outstanding year in 2022.

• The trading volume of HSI and HSCEI Futures and Options experienced robust growth.
• Hang Seng TECH Index Futures volume increased fivefold and became our third flagship product.
• Options on Futures reached record highs, with a combined notional open interest exceeding US$64 billion.
• The MSCI Futures and Options suite gained momentum with the introduction of Derivatives Holiday Trading.

With a solid foundation in place, Hong Kong's fixed income and currency derivatives market is poised to achieve further breakthroughs.

• In 2022, USD/CNH Futures marked their 10-year anniversary with record-breaking trading volume.
• Swap Connect, the next milestone in our Connect franchise, will enable mutual access between Hong Kong and Mainland China's interbank interest rate swap markets.
• The upcoming introduction of China Treasury Bond Futures in Hong Kong will provide international investors with additional tools to manage their bond investments.