香港证监会：港股上半年日均成交额同比升82% 新股集资额升7倍居全球首位

Core Insights - The Hong Kong stock market outperformed most major markets in the first half of the year, with a significant increase in trading volume and a booming IPO market [1][2] - The average daily trading volume reached HKD 240.2 billion, a year-on-year increase of 82.2%, with a peak in February at HKD 297.3 billion [1] - The Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Tech Index rose by 20%, 19%, and 18.7% respectively, outperforming most overseas markets [1] Trading Activity - The average daily trading volume of derivatives increased by 10% during the first half of the year [1] - Southbound trading accounted for 23.1% of the overall market trading volume, up from 18.3% in 2024, with a net buy of HKD 731.2 billion, equivalent to 91% of last year's total [2] - The average daily short-selling volume was HKD 37 billion, representing 15.4% of the total market volume [2] IPO Market - A total of 42 new stocks were listed in the first half of the year, raising HKD 107.1 billion, which is seven times higher than the same period last year, making Hong Kong the top global market for IPOs [2] - Four of the new listings raised over HKD 5 billion, and seven were A+H shares, collectively raising about HKD 77 billion [2] Market Stability - The nominal value of over-the-counter derivatives tracking Hong Kong stocks and indices increased from HKD 1.3 trillion to approximately HKD 1.6 trillion, while maintaining a stable ratio to the market capitalization [1] - The total short positions reached HKD 707.1 billion, an increase of HKD 259.6 billion from the end of last year, accounting for 1.73% of the market capitalization [2]