Just a few days after Hong Kong Exchanges and Clearing Limited (HKEX) announced that USD/CNH futures volume rose to all-time high, the exchange published a set of market statistics for the full year of 2016. The year saw an outstanding performance in Hong Kong’s derivatives market with a number of new records set.
Total turnover of futures reached 84,100,129 contracts, up 14% on the full-year record high of 73,462,212 contracts in 2015. Trading of various options, the open interest of various products and turnover in After-Hours Trading Sessions also rose to new record highs last year.
In the securities market, there were 126 new listings and IPO fundraising reached US$25.1 billion, making Hong Kong the world leader in the latter for the second consecutive year.
Here are some additional highlights from the securities and derivatives markets:
- As of 30 December 2016, there were 1,973 listed companies (Main Board: 1,713, GEM: 260), total market capitalisation stood at $24,761.3 billion.
- Turnover of securitised derivatives (derivative warrants and Callable Bull/Bear Contracts) # was the world’s highest for the 10th consecutive year.
- Turnover of Hang Seng Index Futures was 32,313,994 contracts, up 40% from the previous high in 2011.
- Turnover of USD/CNH Futures reached 538,594 contracts, more than double the previous high in 2015.
- Turnover of H-shares Index Options was 19,475,726 contracts, up 27% from the previous high in 2015.
- Turnover in After-Hours Futures Trading was 9,212,328 contracts, up 75 per cent from the previous high in 2015.
- Open interest of USD/CNH Futures was 45,635 contracts on 30 December 2016# #, up from the previous high of 23,887 contracts on 14 February 2014.
- Open interest of H-shares Index Options was 3,276,956 contracts on 28 December 2016, up from the previous high of 2,618,350 contracts on 25 September 2015.
Total London Metal Exchange (LME), a subsidiary of HKEX, volume of 156.5 million lots (equivalent to US$10.3 trillion and 3.5 billion tonnes of material) was recorded in 2016, down 7.7% from 2015.