4
Financial and Monetary Affairs
In 2014, 12 new ETFs were authorised and the total number of ETFs listed on the SEHK increased to 122, offering a wide range of investment exposures to world, regional and Mainland indices and commodities for investors. Issuance of ETFs with dual HKD and RMB trading counters also increased significantly, tracking a variety of onshore equity and bond indices as well as commodities. According to the HKEX, turnover of ETFs reached $1.2 trillion.
Statistics on Securities Market (Main Board and GEM)
2012
2013
2014
Number of listed companies (year-end)
1,547
1,643
1,752
Total market capitalisation (year-end) ($ billion)
21,950
24,043
25,072
Total equity funds raised ($ billion)
305
379
943
Total securities market turnover ($ billion)
13,301
15,265
17,156
Total number of shares traded (billion)
33,968
34,440
34,287
Number of Derivative Warrants (DWs)
3,747
4,715
4,938
listed (year-end)
Turnover of DWS ($ billion)
1,646
1,783
2,045
Number of Callable Bull/Bear Contracts (CBBCs)
1,214
1,620
1,579
listed (year-end)
Turnover of CBBCs ($ billion)
1,533
1,269
1,230
Number of ETFs listed (year-end)
100
116
122
Turnover of ETFs ($ billion)
522
903
1,168
In the derivatives market, around 142 million futures and options contracts were traded in 2014, 9.5 per cent more than in 2013. Trading of major derivatives products included Hang Seng Index (HSI) Futures with total turnover of 17.07 million contracts; H-shares Index Futures with total turnover of 21.98 million contracts; HSI Options with total turnover of 7.52 million contracts; H-shares Index Options with total turnover of 9 million contracts; and Stock Options with total turnover of 74.54 million contracts.
Statistics on Derivatives Market Turnover (million contracts)
2012
2013
2014
All options and futures contracts
120
130
142
Of which:
HSI Futures
20
20
17
H-shares Index Futures
16
21
22
HSI Options
9
9
8
H-shares Index Options
6
8
9
Stock Options
56
61
75
At the end of 2014, there were 32 automated trading services providers, comprising mainly foreign exchanges and regulated entities, authorised by the SFC to provide automated trading services in Hong Kong. Automated trading services are services provided by means of electronic facilities, not being facilities provided by a recognised exchange company or a recognised clearing house, to transact or settle transactions in securities or futures contracts.
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