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HKEX Fact Book 2020

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HKEX Fact Book 2020 Fact Book 2020 Contents of HKEX Fact Book 2020 ● Market performance in 2020 ● Major events of the Hong Kong securities and derivatives market 2020 ● Market highlights ● Securities market – Main Board – market indices – listing statistics – market capitalisation – trading statistics and analysis – short selling – listed companies – equity warrants – derivative warrants – inline warrants – callable bull/bear contracts – debt securities – unit trusts and mutual funds – trading only stock – RMB securities products – Shanghai-Hong Kong Stock Connect – Shenzhen-Hong Kong Stock Connect – historical section – world stock markets ● Securities market – GEM – market indices – listing statistics – market capitalisation – trading statistics and analysis – listed companies – equity warrants ● Derivatives market – equity index products – interest rate products – equity products – commodity products – currency products – historical section ● LME commodities market ● Clearing statistics ● Exchange participants ● Clearing participants/members ● Hong Kong stock market and derivatives markets historical events ● Appendices MARKET PERFORMANCE IN 2020 Market Performance in 2020 2019 2020 Change (%) Stock Market No. of listed companies 2,449 2,538 3.63 Main Board 2,071 2,170 4.78 GEM 378 368 (2.65) No. of listed securities 12,795 17,041 33.18 Main Board 12,416 16,672 34.28 GEM 379 369 (2.64) No. of new listed companies (1) 183 154 (15.85) Main Board 168 146 (13.10) Transfer of listing from GEM 20 8 (60.00) GEM 15 8 (46.67) Total market capitalisation (HK$mil) 38,165,037.41 47,523,019.19 24.52 Main Board 38,058,338.10 47,392,196.36 24.53 GEM 106,699.32 130,822.84 22.61 Total turnover value (HK$mil) (2) 21,440,049.16 32,110,147.90 49.77 Average daily 87,154.67 129,476.40 48.56 Main Board 86,951.98 129,128.15 48.51 GEM 202.69 348.25 71.82 Highest 168,963.05 (25/02) 267,929.18 (11/11) Lowest 53,282.74 (27/09) 70,532.74 (05/05) Equity funds raised (HK$bil) 454.25 746.96 64.44 IPO 314.24 400.14 27.33 Main Board 313.27 399.58 27.55 GEM 0.97 0.55 (42.84) Post-IPO 140.01 346.82 147.72 Main Board 136.70 343.82 151.51 GEM 3.31 3.00 (9.25) Mainland Enterprises No. of Mainland enterprises 1,241 1,319 6.29 Main Board 1,144 1,227 7.26 H shares 262 272 3.82 Red chips 168 172 2.38 Mainland private enterprises 714 783 9.66 GEM 97 92 (5.15) H shares 22 19 (13.64) Red chips 5 4 (20.00) Mainland private enterprises 70 69 (1.43) No. of new listed H-shares (1) 22 13 (40.91) Main Board 22 13 (40.91) Transfer of listing from GEM 1 0 (100.00) GEM 0 0 – Market capitalisation (HK$mil) (% of market total) 27,953,439.97 (73.24%) 38,072,997.37 (80.11%) 36.20 Main Board 27,929,683.12 (73.39%) 38,051,930.44 (80.29%) 36.24 H shares 6,423,518.74 6,702,123.66 4.34 Red chips 5,443,942.64 4,505,415.11 (17.24) Mainland private enterprises 16,062,221.74 26,844,391.66 67.13 GEM 23,756.86 (22.27%) 21,066.93 (16.10%) (11.32) H shares 2,995.05 2,500.24 (16.52) Red chips 2,236.16 951.32 (57.46) Mainland private enterprises 18,525.65 17,615.37 (4.91) Total turnover value (HK$mil) (% of equity turnover) 12,330,130.39 (79.05%) 21,770,949.89 (84.68%) 76.57 HKEX Fact Book 2020 1 MARKET PERFORMANCE IN 2020 2019 2020 Change (%) Stock price indices Hang Seng Index (31 July 1964 = 100) 28189.75 27231.13 (3.40) HSI – Finance 39114.61 36938.99 (5.56) HSI – Utilities 56584.49 45760.14 (19.13) HSI – Properties 40190.08 32127.32 (20.06) HSI – Commerce & Industry 16234.26 17452.75 7.51 Hang Seng China Enterprises Index (3 January 2000 = 2000) 11168.06 10738.40 (3.85) Hang Seng China-Affiliated Corporations Index (3 January 2000 = 2000) 4537.76 3799.56 (16.27) S&P/HKEX LargeCap Index (28 February 2003 = 10000) 37103.19 41899.21 12.93 S&P/HKEX GEM Index (28 February 2003 = 1000) 79.44 133.80 68.43 Equity warrants No. of newly issued 2 0 (100.00) Main Board 2 0 (100.00) GEM 0 0 – Total premium of newly issued equity warrants (HK$mil) 0.00 0.00 – Main Board 0.00 0.00 – GEM 0.00 0.00 – No. of equity warrants 3 1 (66.67) Main Board 2 – (100.00) GEM 1 1 0.00 Total turnover value (HK$mil) 8.84 15.20 71.86 Main Board 8.81 15.18 72.33 GEM 0.03 0.01 (56.94) Debt securities No. of debt securities 1,388 1,574 13.40 RMB bonds 80 75 (6.25) Total turnover value (HK$mil) 60,691.67 65,544.25 8.00 No. of newly listed debt securities 420 430 2.38 RMB bonds 16 12 (25.00) Total fund raised (HK$bil) 1,401.91 1,528.72 9.05 Aggregated principal amount of new listed RMB bonds (RMB bil) 39.67 29.53 (25.56) iBond turnover value (HK$mil) (% of debt securities) 1,453.84 (2.4%) 3,244.37 (4.9%) 123.16 Unit trusts and mutual funds No. of listed units trusts and mutual funds 148 159 7.43 ETFs 111 118 6.31 L&I Products 24 28 16.67 REITs 12 12 – Total turnover value (HK$mil) (% of Main Board total) 1,367,711.21 (6.39%) 1,738,615.77 (5.43%) 27.12 ETFs 1,076,531.15 1,215,210.31 12.88 L&I Products 141,423.64 373,472.91 164.08 REITs 149,654.52 149,695.93 0.03 Average daily turnover value (HK$mil) 5,559.80 7,010.55 26.09 ETFs 4,376.14 4,900.04 11.97 L&I Products 574.89 1,505.94 161.95 REITs 608.35 603.61 (0.78) No. of new listed unit trusts and mutual funds 13 26 100.00 ETFs 8 18 125.00 Multiple-counter ETFs 7 14 100.00 Trading value in RMB % of total multiple-counter ETFs 1.56 2.50 Trading value of A-share ETFs (HK$bil) (% of ETFs) 544.15 (50.55%) 421.88 (34.72%) (22.47) HKEX Fact Book 2020 2 MARKET PERFORMANCE IN 2020 2019 2020 Change (%) Structured products Derivatives warrants (DWs) No. of listed DWs 4,571 7,507 64.23 No. of new listed DWs 8,939 12,128 35.68 Total notional value of new listed DWs (HK$bil) 161.19 256.93 59.39 Total turnover value (HK$mil) (% of Main Board total) 2,418,136.05 (11.30%) 2,260,916.90 (7.06%) (6.50) Inline warrants (IWs) (3) No. of listed IWs 922 507 (45.01) No. of new listed IWs 923 780 (15.49) Total notional value of new listed IWs (HK$bil) 11.40 8.54 (25.07) Total turnover value (HK$mil) (% of Main Board total) 159.76 (0.00%) 1,073.76 (0.00%) 572.12 Callable bull/bear contracts (CBBCs) No. of listed CBBCs 3,298 4,739 43.69 No. of new listed CBBCs 24,732 38,039 53.80 Total notional value of new listed CBBCs (HK$bil) 878.48 1,274.15 45.04 Total turnover value (HK$mil) (% of Main Board total) 1,995,445.69 (9.33%) 2,335,291.78 (7.29%) 17.03 RMB-traded securities products No. of RMB-traded securities 126 119 (5.56) Equities 1 1 – Debt securities 80 75 (6.25) DWs 0 0 – ETFs 44 42 (4.55) REITs 1 1 0.00 No. of multiple-counter securities 44 42 (4.55) Equities 1 1 0.00 ETFs 43 41 (4.65) Total turnover value (RMB mil) 11,687.23 15,502.74 32.65 Equities (% of total) 67.52 (0.58%) 25.37 (0.16%) (62.43) DWs (% of total) 0.00 (0.00%) 0.00 (0.00%) – ETFs (% of total) 8,814.72 (75.42%) 13,009.69 (83.92%) 47.59 REITs (% of total) 2,452.28 (20.98%) 2,191.10 (14.13%) (10.65) Debt securities (% of total) 352.71 (3.02%) 276.58 (1.78%) (21.58) Trading-only market No. of ETFs 0 0 – No. of NASDAQ stocks 6 6 0.00 Total turnover value (HK$mil) 2.98 0.46 (84.52) Shanghai-Hong Kong Stock Connect Southbound trading Number of eligible stocks 328 325 Total trading value (HK$mil) 1,562,555.25 2,954,642.48 89.09 Average daily 6,793.72 13,073.64 92.44 Northbound trading Number of eligible stocks 916 963 Both buy and sell 581 574 Sell only 335 389 Margin trading 475 470 Total trading value (RMB mil) 4,991,366.36 9,035,858.23 81.03 Average daily 21,330.63 39,116.27 83.38 HKEX Fact Book 2020 3 MARKET PERFORMANCE IN 2020 2019 2020 Change (%) Shenzhen-Hong Kong Stock Connect Southbound trading Number of eligible stocks 476 498 Total trading value (HK$mil) 918,867.31 2,553,440.22 177.89 Average daily 3,995.08 11,298.41 182.81 Northbound trading Number of eligible stocks 1,238 1,347 Both buy and sell 708 886 Sell only 530 461 Margin trading 583 623 Total trading value (RMB mil) 4,765,824.42 12,052,736.55 152.90 Average daily 20,366.77 52,176.35 156.18 Derivatives market No.
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