HKEX publishes 2016 market statistics, sets new records in derivatives markets

A number of new records were set in Hong Kong’s derivatives markets in 2016, according to market statistics from 1 January to 15 December 2016 published on Hong Kong Exchanges and Clearing Limited’s (HKEX) website today.

Total futures trading reached 80,950,484 contracts, up 10% on the full-year record high of 73,462,212 contracts in 2015. Trading of various options contracts also set new records this year, while the open interest of RMB Currency Futures – USD/CNH Futures, HSCEI Dividend Point Index Futures and H-shares Index Options reached new all-time highs.

In the securities market, US$24.8 billion was raised through IPOs in 2016, making Hong Kong the number one fundraising centre in the world for the second straight year.

Here are some additional highlights from the securities and derivatives markets:

1. There have been 121 new listings since the beginning of this year and the total equity funds raised from 1 January to 15 December 2016 was $462.4 billion.
2. As of 15 December 2016, there were 1,968 listed companies (Main Board: 1,711, GEM: 257). The total market capitalisation stood at $24,713.2 billion as of 15 December 2016.
3. Turnover of securitised derivatives (derivative warrants and Callable Bull/Bear Contracts) was the world’s highest for 10 consecutive years, according to data from the World Federation of Exchanges.
4. Turnover of Hang Seng Index Futures was 31,232,595 contracts, up 35.3 per cent from the previous high in 2011.
5. Turnover of Mini Hang Seng Index Futures was 12,108,320 contracts, exceeding the previous full-year record high of 10,294,537 contracts in 2011.
6. Turnover of RMB Currency Futures – USD/CNH Futures was 495,925 contracts from 1 January to 15 December 2016, exceeding the full-year record high of 262,433 contracts in 2015.
7. Turnover in the After-Hours Futures Trading Session was 8,959,961 contracts from 1 January to 15 December 2016, exceeding the previous full-year record high of 5,255,464 contracts in 2015.

Statistics from the London Metal Exchange (LME), a subsidiary of HKEX, are also available in the market statistics. They include the contract volume, market open interest and global market share of key products.

As of 15 December 2016, the LME’s average daily volume was 620,784 lots, down 7% year-on-year.