HKEX Fact Book 2016 Contents of HKEX Fact Book 2016 ● Market Performance in 2016 ● Major events of the Hong Kong securities and derivatives market 2016 ● Market highlights ● Securities market – Main Board – market indices – listing statistics – market capitalisation – trading statistics and analysis – short selling – listed companies – equity warrants – derivative 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 – Growth Enterprise Market (GEM) – market indices – listing statistics – market capitalisation – trading statistics and analysis – listed companies – 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 securities and derivatives markets historical events ● Appendices MARKET PERFORMANCE IN 2016 Market Performance in 2016 2015 2016 Change (%) Stock Market No. of listed companies 1,866 1,973 5.73 Main Board 1,644 1,713 4.20 GEM 222 260 17.12 No. of listed securities 9,015 8,591 (4.70) Main Board 8,792 8,330 (5.25) GEM 223 261 17.04 No. of new listed companies (1) 138 126 (8.70) Main Board 104 81 (22.12) Transfer of listing from GEM 14 6 (57.14) GEM 34 45 32.35 Total market capitalisation (HK$mil) 24,683,730.69 24,761,306.37 0.31 Main Board 24,425,554.96 24,450,434.51 0.10 GEM 258,175.74 310,871.86 20.41 Total turnover value (HK$mil) (2) 26,090,621.55 16,396,424.97 (37.16) Average daily 105,630.05 66,924.18 (36.64) Main Board 104,599.02 66,448.88 (36.47) GEM 1,031.03 475.30 (53.90) Highest 293,910.76 (09/04) 117,309.69 (09/09) Lowest 38,316.02 (29/12) 44,177.04 (23/05) Equity funds raised (HK$bil) 1,115.64 490.05 (56.07) IPO 263.09 195.32 (25.76) Main Board 260.35 190.72 (26.74) GEM 2.74 4.59 67.49 Post-IPO 852.55 294.74 (65.43) Main Board 833.20 280.45 (66.34) GEM 19.35 14.29 (26.14) Mainland Enterprises No. of Mainland enterprises 951 1,002 5.36 Main Board 875 920 5.14 H shares 206 218 5.83 Red chips 140 147 5.00 Mainland private enterprises 529 555 4.91 GEM 76 82 7.89 H shares 23 23 – Red chips 5 6 20.00 Mainland private enterprises 48 53 10.42 No. of new listed H-shares (1) 31 15 (51.61) Main Board 30 15 (50.00) Transfer of listing from GEM 0 0 – GEM 1 0 (100.00) Market capitalisation (HK$mil) (% of market total) 15,319,823.11 (62.06%) 15,663,894.95 (63.26%) 2.25 Main Board 15,226,315.23 (62.34%) 15,574,322.38 (63.70%) 2.29 H shares 5,157,109.86 5,316,159.06 3.08 Red chips 5,137,712.98 4,898,947.36 (4.65) Mainland private enterprises 4,931,492.39 5,359,215.97 8.67 GEM 93,507.89 (36.22%) 89,572.57 (28.81%) (4.21) H shares 7,529.51 6,963.00 (7.52) Red chips 12,987.59 13,400.09 3.18 Mainland private enterprises 72,990.78 69,209.47 (5.18) Total turnover value (HK$mil) (% of equity turnover) 12,705,531.95 (72.68%) 7,886,802.27 (70.59%) (37.93) HKEX Fact Book 2016 1 MARKET PERFORMANCE IN 2016 2015 2016 Change (%) Stock price indices Hang Seng Index (31 July 1964 = 100) 21914.40 22000.56 0.39 HSI – Finance 30576.03 30308.31 (0.88) HSI – Utilities 51113.56 50037.47 (2.11) HSI – Properties 29907.17 28991.74 (3.06) HSI – Commerce & Industry 12522.23 12884.63 2.89 Hang Seng China Enterprises Index (3 January 2000 = 2000) 9661.03 9394.87 (2.75) Hang Seng China-Affi liated Corporations Index (3 January 2000 = 2000) 4052.12 3587.99 (11.45) S&P/HKEX LargeCap Index (28 February 2003 = 10000) 27007.12 27926.13 3.40 S&P/HKEX GEM Index (28 February 2003 = 1000) 476.79 358.53 (24.80) Equity warrants No. of newly issued 8 6 (25.00) Main Board 7 5 (28.57) GEM 1 1 – Total premium of newly issued equity warrants (HK$mil) 0.00 0.00 – Main Board 0.00 0.00 – GEM 0.00 0.00 – No. of equity warrants 13 9 (30.77) Main Board 12 8 (33.33) GEM 1 1 – Total turnover value (HK$mil) 3,981.79 354.12 (91.11) Main Board 3,936.11 311.39 (92.09) GEM 45.68 42.73 (6.47) Debt securities No. of debt securities 762 892 17.06 RMB bonds 155 135 (12.90) Total turnover value (HK$mil) 9,380.57 21,278.25 126.83 No. of newly listed debt securities 177 211 19.21 RMB bonds 24 12 (50.00) Total fund raised (HK$bil) 750.76 774.61 3.18 Aggregated principal amount of new listed RMB bonds (RMB bil) 44.85 29.00 (35.34) iBond turnover value (HK$mil) (% of debt securities) 9,362.14 (99.80%) 10,408.75 (48.92%) 11.18 Unit trusts and mutual funds No. of listed units trusts and mutual funds 145 157 8.28 ETFs 133 133 0.00 L&I Products – 12 – REITs 11 11 0.00 Total turnover value (HK$mil) (% of Main Board total) 2,254,090.52 (8.72%) 1,103,113.77 (6.78%) (51.06) ETFs 2,170,959.42 1,011,412.89 (53.41) L&I Products – 505.32 – REITs 82,027.60 91,086.25 11.04 Average daily turnover value (HK$mil) 9,125.87 4,502.51 (50.66) ETFs 8,789.31 4,128.22 (53.03) L&I Products – 2.06 – REITs 332.10 371.78 11.95 No. of new listed unit trusts and mutual funds 14 34 142.86 ETFs 14 22 57.14 Multiple-counter ETFs 7 10 42.86 Trading value in RMB % of total multiple-counter ETFs 3.74 2.20 Trading value of A-share ETFs (HK$ bil) (% of ETFs) 1,479.59 (68.15%) 398.84 (39.43%) (73.04) HKEX Fact Book 2016 2 MARKET PERFORMANCE IN 2016 2015 2016 Change (%) Structured products Derivatives warrants (DWs) No. of listed DWs 4,590 3,705 (19.28) No. of new listed DWs 6,336 4,875 (23.06) Total notional value of new listed DWs (HK$bil) 182.37 105.84 (41.97) Total turnover value (HK$mil) (% of Main Board total) 4,504,078.89 (17.43%) 2,726,995.81 (16.75%) (39.45) Callable bull/bear contracts (CBBCs) No. of listed CBBCs 1,630 1,844 13.13 No. of new listed CBBCs 11,213 8,896 (20.66) Total notional value of new listed CBBCs (HK$bil) 483.53 363.74 (24.77) Total turnover value (HK$mil) (% of Main Board total) 1,836,853.88 (7.11%) 1,371,572.74 (8.42%) (25.33) RMB-traded securities products No. of RMB-traded securities 189 179 (5.29) Equities 2 2 0.00 Debt securities 155 135 (12.90) DWs 2 0 (100.00) ETFs 29 41 41.38 REITs 1 1 0.00 No. of multiple-counter securities 29 41 41.38 Equities 1 1 0.00 ETFs 28 40 42.86 Total turnover value (RMB mil) 35,929.65 11,883.00 (66.93) Equities (% of total) 100.02 (0.28%) 59.07 (0.50%) (40.94) DWs (% of total) 4.37 (0.01%) 0.00 (0.00%) (100.00) ETFs (% of total) 33,865.08 (94.25%) 9,139.66 (76.91%) (73.01) REITs (% of total) 1,945.09 (5.41%) 2,331.38 (19.62%) 19.86 Debt securities (% of total) 15.10 (0.04%) 352.89 (2.97%) 2,237.66 Trading-only market No. of ETFs 2 2 0.00 No. of NASDAQ stocks 6 6 0.00 Total turnover value (HK$mil) 0.79 0.47 (40.79) Shanghai-Hong Kong Stock Connect Southbound trading Number of eligible stocks 310 316 Total trading value (HK$mil) 777,700.82 826,775.84 6.31 Average daily 3,396.07 3,626.21 6.78 Northbound trading Number of eligible stocks 659 574 Both buy and sell 569 434 Sell only 90 140 Margin trading 390 408 Total trading value (RMB mil) 1,471,063.99 745,272.91 (49.34) Average daily 6,368.24 3,212.38 (49.56) Shenzhen-Hong Kong Stock Connect Southbound trading Number of eligible stocks – 417 Total trading value (HK$mil) – 9,164.38 – Average daily – 509.13 – Northbound trading Number of eligible stocks – 881 Both buy and sell – 881 Sell only – – Margin trading – 391 Total trading value (RMB mil) – 26,190.43 – Average daily – 1,540.61 – HKEX Fact Book 2016 3 MARKET PERFORMANCE IN 2016 2015 2016 Change (%) Derivatives market No. of stock futures classes (as at the year end) 74 74 – No. of stock options classes (as at the year end) 84 84 – Total contract volume 189,824,363 188,150,672 (0.88) Average daily 768,520 761,744 (0.88) All futures products 73,462,212 84,100,129 14.48 All options products 116,362,151 104,050,543 (10.58) Top three contract volume contributor in futures market H-shares Index Futures Contract volume (% of futures total) 33,379,310 (45.44%) 33,031,130 (39.28%) (1.04) Open Interest 384,767 322,024 (16.31) HSI Futures Contract volume (% of futures total) 21,239,775 (28.91%) 32,313,994 (38.42%) 52.14 Open Interest 97,118 123,004 26.65 Mini-HSI Futures Contract volume (% of futures total) 10,046,556 (13.68%) 12,477,552 (14.84%) 24.20 Open Interest 7,556 9,572 26.68 Key index options products H-shares Index Options Contract volume (% of options total) 15,304,245 (13.15%) 19,475,726 (18.72%) 27.26 Open Interest 1,625,661 2,066,340 27.11 HSI Options Contract volume (% of options total) 7,515,466 (6.46%) 9,353,749 (8.99%) 24.46 Open Interest 172,564 249,699 44.70 Mini-HSI Options Contract volume (% of options total) 1,033,813 (0.89%) 1,424,379 (1.37%) 37.78 Open Interest 4,945 11,917 140.99 Commodity market LME futures and options contract volume 169,557,846 156,512,730 (7.69) In value (US$tril) 11.9 10.3 (13.45) Tonnes of material (bil) 3.8 3.5 (7.89) Average daily 670,189 618,627 (7.69) Notes: (1) Figures includes the number of companies for transfer of listing from GEM.