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Hong Kong Exchange Grew In 2014

by Mary Swire, Lowtax.net, Hong Kong
12 March, 2015

Hong Kong Exchanges and Clearing Limited (HKEx) has published its annual fact book for 2014, presenting a review of activity in the securities, derivatives, and commodities markets, as well as clearing and settlement information.

The fact book includes market indices' movements, trading statistics and analysis, corporate actions of listed companies, fund-raising figures, historical statistics, and results from surveys of the investing community.

In 2014 the HKEx markets continued to show signs of growth in multiple areas, amid buoyant primary market activities. The total market capitalization of the securities market at the end of the year was just over HK25 trillion (USD3.2 trillion), four percent higher than at year-end 2013.

At the end of 2014, there were a total of 1,752 companies listed on HKEx markets. Of these, 876 were Mainland enterprises, constituting 60 percent by market capitalization and 71 percent by annual equity turnover value. In addition, during the year, there were a record high of 122 newly listed companies.

Total equity-funds raised also reached a record level of HKD942.7bn, of which the funds raised through initial public offerings (IPOs) increased year-on-year by 38 percent to HKD232.5bn. The amount of post-IPO funds raised was another new record, increasing significantly by 238 percent to HKD710.2bn compared to the previous year.

Total securities market turnover in 2014 was HKD17.15 trillion, up 12 percent year-on-year. The average daily turnover for the overall market in 2014 also increased year-on-year by 11 percent to HKD69.5bn. The year's highest single-day turnover in the securities market was HKD148.3bn on December 5 and the lowest level was HKD39.7bn on May 26 (compared with a 2013 high of HKD128.4bn and low of HKD38.6bn).

The HKEx derivatives (futures and options) market in 2014 recorded a total trading volume of 142m contracts, up 10 percent over 2013, and an average daily trading volume of 576,677 contracts, up eight percent from the previous year. The average daily trading volumes of futures products and options products were 203,965 contracts and 372,712 contracts, respectively.

In 2014, the London Metal Exchange traded a total of 177m commodity futures and options contracts, up four percent from 2013.

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