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HKEx Survey Charts Exchange Activity

by Mary Swire, Lowtax.net, Hong Kong
10 March, 2014

Hong Kong Exchanges and Clearing Limited (HKEx) has released the findings from its Cash Market Transaction Survey 2012/13, showing year-on-year increases in the value of all types of trading in its securities market, and a significant increase in the use of online trading by retail investors.

In 2012/13, local investors and overseas investors contributed 38 percent and 46 percent respectively of HKEx's total securities market turnover value, similar to the levels seen in 2011/12, while Exchange Participants' principal trading contributed a record high of 16 percent of total market turnover in 2012/13, compared to 15 percent in the previous year.

Notably, retail online trading accounted for 39 percent of total retail investor trading (up from 34 percent in 2011/12), and 8 percent of total market turnover (compared to 7 percent in 2011/12).

US investors were the largest contributors to overseas investor trading in 2012/13 with a contribution of 28 percent, down from 32 percent in 2011/12. UK investors, the second largest contributors, accounted for 26 percent of overseas investor trading in 2012/13, up from 25 percent in 2011/12. The contribution of investors from Mainland China to overseas investor trading was 11 percent last year, up significantly from 8 percent in 2011/12.

The Cash Market Transaction Survey has been conducted annually since 1991. Each year's survey covers Hong Kong's securities market turnover for the 12-month period from October the previous year to September the following year. "Securities" refer to shares, bonds, funds, derivative warrants and other products traded on The Stock Exchange of Hong Kong Limited, HKEx's wholly-owned subsidiary.

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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