ENG-2016 — Page 107

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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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