ENG-2020 — Page 99

4.

Financial and Monetary Affairs

bringing the total equity funds raised to about $750 billion, third in the world and second in Asia. The securities market's total turnover amounted to $32.1 trillion. At the HKEX, the turnover of securitised derivatives has ranked first in the world since 2007.

As an international and open market, Hong Kong attracts many intermediaries from other markets to set up companies locally and most international brokerages have branches in the city. At the year end, 25 per cent of the 635 SEHK trading participants and 52 per cent of the 195 HKFE trading participants were from the Mainland or overseas markets.

The HKEX operates four clearing houses: Hong Kong Securities Clearing Company Limited, HKFE Clearing Corporation Limited, SEHK Options Clearing House Limited and, for over-the- counter transactions, OTC Clearing Hong Kong Limited. These provide integrated clearing, settlement, depository and nominee services.

Exchange-traded products, which include exchange-traded funds (ETFs) and leveraged and inverse products, offer investors exposure to world, regional and Mainland indices and commodities. Leveraged and inverse products provide new trading and hedging tools, while ETFs with multiple trading counters in the HKD, USD and RMB increase flexibility in settlement and trading. During the year, 18 new ETFs were listed, bringing the total number of SEHK-listed ETFs to 118. Turnover of ETFs was $1.215 trillion.

Statistics on Securities Market (Main Board and GEM)

2018

2019

2020

Number of listed companies (year end)

2,315

2,449

2,538

Total market capitalisation (year end)($ billion)

29,909

38,165

47,523

Total equity funds raised ($10 billion)

54

45

75

Total securities market turnover ($ billion)

26,423

21,440

32,110

Total number of shares traded (billion)

55,647

60,197

54,716

Number of derivatives warrants (DWs)

6,763

4,571

7,507

listed (year end)

Turnover of DWs ($ billion)

3,866

2,418

2,261

Number of callable bull/bear contracts

2,847

3,298

4,739

(CBBCs) listed (year end)

Turnover of CBBCs ($ billion)

1,837

1,995

2,335

Number of ETFs listed (year end)

115

111

118

Turnover of ETFs ($ billion)

987

1,077

1,215

Total turnover of derivatives contracts in 2020 was 282.23 million. Open interest at the year end was about 11.3 million contracts. The Hang Seng TECH Index Futures were launched in November, following the launch of the Hang Seng TECH index in July.

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