Hong Kong Market Report

Transcription

1 Hong Kong Market Report Asia Securities Forum Jeffrey Chan Hong Kong Securities Association

2 ECONOMIC PERFORMANCE 2

3 Key Economic Indicators Q2 GDP (yoy, %) CPI (yoy, %) Unemployment rate (%) Foreign reserve (US$ billion) Balance of Payments (US$ billion) n/a Source: Census and Statistics Department, the HKSAR Government 3

4 HK$ million Percentage Change Year-on-year GDP Growth 570, , , , , , , , , , , , , , , , ,000 Q2 Q3 Q4 Q1 Q2 Gross Domestic Product (GDP) by expenditure component-in chained (2012) dollars Percentage change in real terms of quarterly Gross Domestic Product - Source: Census and Statistics Department, the HKSAR Government In chained (2012) dollars 4

5 Composite Consumer Price Index Year-on-year Rates of Change in the Consumer Price Index Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Census and Statistics Department, the HKSAR Government 5

6 Rates Hong Kong Dollar Interest Settlement Rates Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 1 month 2 month 3 month Source: Census and Statistics Department, the HKSAR Government 6

7 SECURITIES MARKETS 7

8 Key Statistics of Securities Listed on SEHK (June) Number of listed companies 1,496 1,547 1,643 1,689 Total market capitalization (HK$Bil) 17,537 21,950 24,042 23,944 Number of listed securities 6,723 6,903 8,522 9,265 Number of equity warrants Number of derivatives warrants 4,027 3,747 4,715 5,054 Number of Callable Bull/Bear Contracts 901 1,214 1,620 1,846 Number of mutual funds Number of debt securities Source: HKEx 8

9 HK$ billion Total Fund Raised-Equity Capital Market 1, Source: HKEx 9

10 HK$ Billion Number of IPOs and Fund Raised Fund Raised by IPO (HK$bil) Number of IPOs Source: HKEx 10

11 Global IPO League Table By Equity Funds Raised NYSE Euronext HKEx LSE Nasdaq OMX JPX (TKY) Australia BM&FBOVESPA BMV SGX Thailand US$ Billion Source: HKEx 11

12 Movements of Hang Seng Index 12 Source: HKEx 20,000 20,500 21,000 21,500 22,000 22,500 23,000 23,500 24,000 24,500 25,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

13 HK$ Million contracts Trading Statistics 140, , , , , ,000 80, ,000 60, ,000 40, ,000 20, ,000 0 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0 Equity Market Average Daily Turnover By Value ($ mil) Futures and Options Market Turnover by Contract Source: HKEx 13

14 MAJOR MARKET DEVELOPMENTS 14

15 RMB billion Renminbi deposits in Hong Kong 1, Q2 15

16 Clearing Link Southbound Shanghai Hong Kong Stock Connect ChinaClear SSE SSE Members/ ChinaClear Participants Mainland investors* A Shares Eligible Shares SSE Subsidiary Order Routing Order Routing SEHK Subsidiary Mainland Hong Kong Clearing Link Eligible Shares Hong Kong Shares Northbound HK & Overseas investors EPs/CPs SEHK HKSCC

17 Eligible Securities Northbound: SSE Securities Southbound: SEHK Securities Index Constituent Stocks SSE180 SSE380 HS LargeCap HS MidCap A+H SSE-SEHK A+H SSE-SEHK A+H Excluding Shares under risk alert board Shares that are not traded in RMB A+H on other Mainland exchange Shares that are not traded in HKD H Share with corresponding SSE A Share under risk alert board Total No of Stocks* * No. of stocks as of 10 April # For any SSE listed shares not accepted as an eligible SSE listed shares upon launch due to its being under risk alert board, if it is subsequently removed from the risk alert board, it will be accepted as an SSE listed shares if it falls under any of the selection criteria

18 Investor Eligibility Northbound All Hong Kong and overseas institutional investors All Hong Kong and overseas individual investors Southbound All Mainland institutional investors Qualified individual investors (with minimum securities and cash asset value of RMB500,000) * Except for Investor Participants who should maintain their A shares with their brokers or 18

19 Participant Eligibility Northbound All SEHK Participants All HKSCC Participants Southbound All SSE Members All ChinaClear Participants 19

20 Quotas Southbound Trading SEHK Securities Southbound Trading SEHK Securities Maximum Aggregate Quota RMB 300 billion RMB 250 billion Daily Quota RMB 13 billion RMB 10.5 billion 20

21 The End 21