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Financial and Monetary Affairs
Securities and Futures
Hong Kong's securities market is operated by the SEHK and its futures market by the HKFE, both being wholly owned subsidiaries of the HKEX. At the end of 2016, 1,973 companies were listed on the Main Board and Growth Enterprises Market (GEM) of the SEHK, with a total market capitalisation of about $24.8 trillion. The total equity funds raised decreased 56.2 per cent in 2016 to $489 billion, while the securities market's total turnover fell 37.2 per cent to $16.4 trillion, with 45.6 trillion shares traded.
ETFs offer investors a wide range of investment exposure to world, regional and Mainland indices and commodities. In 2016, 34 new ETFs, including leveraged and inverse products, were authorised, bringing the total number of SEHK-listed ETFS to 145. The introduction of leveraged and inverse products has brought new trading and hedging tools to investors, while the issuance of ETFs with multiple trading counters in HKD, USD and RMB has provided additional flexibility in the settlement and trading of ETFs. Turnover of ETFS was about $1 trillion.
Statistics on Securities Market (Main Board and GEM)
2014
2015
2016
Number of listed companies (year end)
1,752
1,866
1,973
Total market capitalisation (year end)
25,072
24,684
24,761
($ billion)
Total equity funds raised ($ billion)
943
1,116
489
Total securities market turnover ($ billion)
17,156
26,091
16,396
Total number of shares traded (billion)
34,287
53,694
45,612
Number of derivative warrants (DWs) listed
4,938
4,590
3,705
(year end)
Turnover of DWS ($ billion)
2,045
4,504
2,727
Number of callable bull/bear contracts
1,579
1,630
1,844
(CBBCs) listed (year end)
Turnover of CBBCs ($ billion)
1,230
1,837
1,372
Number of ETFs listed (year end)
122
133
133
Turnover of ETFs ($ billion)
1,168
2,171
1,011
In the derivatives market, 188.15 million futures and options contracts were traded, 0.9 per cent fewer than in 2015. Trading of major derivatives products included Hang Seng Index (HSI) Futures, with a total turnover of 32.31 million contracts; H-shares Index Futures with a turnover of 33.03 million contracts; HSI Options with a turnover of 9.35 million contracts; H-shares Index Options with a turnover of 19.48 million contracts; and Stock Options with a turnover of 73.58 million contracts.
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