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HKEx Hits New Records in 2013

by Mary Swire, Lowtax.net, Hong Kong
23 December, 2013

Hong Kong Exchanges and Clearing Limited (HKEx) has set several new records in its securities and derivatives markets this year, according to year-end market statistics for 2013 (to December 13).

Market capitalization on the securities market exceeded HKD24 trillion (USD3.1 trillion) for the first time, reaching its highest at HKD24.3 trillion on December 2, 2013. The turnover of exchange traded funds also reached a record high of HKD874.2bn this year, while the total turnover of HKEx's securitised derivatives (derivative warrants and callable bull/bear contracts) ranked first in the world for the seventh consecutive year.

In the derivatives market, the trading volume of H-shares Index Futures and Options, Mini H-shares Index Futures and Flexible H-shares Index Options reached new record highs in 2013, and various futures and options contracts reached new records in terms of open interest.

Additional highlights from the securities market in 2013 included that, as of December 13, there were 1,631 companies listed on HKEx's securities market; total equity funds raised in the securities market from January 1 to December 13, 2013, was HKD304.1bn, with HKD125.8bn was raised through IPOs and HKD178.3bn from post-IPO fundraising; and, during the same period, the average daily securities market turnover was HKD63.1bn.

A comprehensive report in our Intelligence Report series giving a country-by-country analysis of offshore investment funds, stock exchanges and trusts, with an analysis of the US QI regime, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

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