HKEX releases 2016 annual results announcement

The Stock Exchange of Hong Kong Limited (HKEX) just released a presentation by HKEX Chief Executive Charles Li and Group Chief Financial Officer Paul Kennedy on 2016 Final Results Announcement.

Here are the highlights:

  • Political and economic uncertainties continue to impact investment sentiment
  • Increase in futures volumes and strict cost control lessened impact of fall in HK cash market’s activity
  • Globally #1 in IPO funds raised, despite lower total proceeds
  • Shenzhen – Hong Kong Stock Connect launched on 5 December 2016
  • Excluding 2015 one-off gains, PAT down 22% compared to exceptional results in 2015


  1. Successfully launched Shenzhen-Hong Kong Stock Connect
    – Abolished Aggregate Quota of Stock Connect
  2. Launched new products:
    – Sector Index Futures
    – Leveraged & Inverse Products
    – Mini H-shares Index (HHI) Options
    – Fourth calendar month contract for HSI and HHI Options


  • Launched additional RMB Currency Futures
  • Co-branded RMB Index Series with Thomson Reuters
  • Launched USD/CNH Cross Currency Swaps in OTC Clear
  • Plan to launch new USD/CNH Currency Options in March 2017


  • Completed LME’s warehouse consultation
  • Launched LME shield
  • Announced package of measures to enhance LME market structure
  • Plan to launch LME precious in 1H2017
  • Setting up Commodities Trading Platform in Qianhai

Market Structures & Platforms

  • Rolled out SPSA Model for Stock Connect enhancement
  • Launched Closing Auction Session in Securities Market
  • Launched Volatility Control Mechanism in Securities and Derivatives Markets
  • Launched Pre-Trade Risk Management System in Derivatives Market
  • Launched SMARTS Derivatives Surveillance System

To see the complete presentation, click here.

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