Core Insights - The Hong Kong stock market's total market capitalization reached HKD 49.9 trillion by the end of September, reflecting a year-on-year growth of 35% [1] - The average daily trading volume in September was HKD 316.7 billion, marking an 87% increase compared to the same month last year [3] - For the first nine months of the year, the average daily trading volume was HKD 256.4 billion, which represents a 126% year-on-year growth [1] Trading Activity - The average daily trading volume for Exchange-Traded Funds (ETFs) in the first nine months was HKD 34.2 billion, showing a significant year-on-year increase of 163% [3] - Leveraged and inverse products also saw a 50% year-on-year increase in average daily trading volume during the same period [3] - The average daily trading volume for derivative warrants increased by 64% year-on-year [3] Derivatives Market - In the derivatives market, the average daily trading volume for stock options exceeded 886,000 contracts in the first nine months, reflecting a 27% year-on-year growth [3] - The average daily trading volume for futures and options increased by 11% compared to the same period last year [3] - The average daily trading volume for Renminbi currency futures grew by 25% year-on-year, while stock futures saw a 7% increase [3]

Group 1 - The core viewpoint of the article highlights that the net inflow of funds through the Hong Kong Stock Connect has exceeded 1 trillion HKD this year, indicating a strong investment trend from mainland investors [1] - Since the launch of the stock connect in November 2014, the inflow of funds has consistently increased from 13.1 billion HKD in 2014 to 807.9 billion HKD in 2024, with a net inflow of 1,072.9 billion HKD recorded from the beginning of the year to September 12, 2023, representing a 33% increase compared to the total for the previous year [1] - The article notes that the trend of "northbound" capital inflow has remained strong over the past two years, with the Hong Kong stock market experiencing 26 consecutive months of net inflow as of August 2023 [1] Group 2 - In August 2023 alone, the net inflow reached 112.2 billion HKD, ranking as the 9th highest monthly inflow on record, with six months this year making it into the top ten for monthly net inflows [1] - The article mentions that single-day net inflows have also reached new highs, with seven trading days this year appearing in the top ten for single-day net inflows, including a record high of 35.9 billion HKD on August 15 [1] - The inclusion of exchange-traded funds (ETFs) in the stock connect has provided mainland investors with more investment channels in Hong Kong stocks, contributing to a record high in the trading volume of southbound ETFs [1]

Core Insights - The Hong Kong Stock Connect has recorded over HKD 1 trillion in net inflows year-to-date, indicating a potential for a new annual record by 2025 [1][3] - The inclusion of ETFs in the Stock Connect has provided mainland investors with more access to Hong Kong stocks, leading to a surge in ETF trading volumes [1] Group 1: Market Trends - Since the launch of the Stock Connect in November 2014, mainland investors have become a significant force in the Hong Kong stock market [3] - The average daily trading volume of the Stock Connect for the first eight months of this year was HKD 60.8 billion, accounting for 24.5% of the overall market, a significant increase from less than 3% in 2015 [3] Group 2: Fund Inflows - Over the past decade, net inflows through the Stock Connect have increased from HKD 13.1 billion in 2014 to HKD 807.9 billion in 2024, representing a more than sixfold increase [3] - As of September 12 this year, net inflows reached HKD 10,729 billion, a 33% increase compared to the total for the previous year, with expectations for a new annual high [3] Group 3: Monthly and Daily Inflows - The Hong Kong stock market has experienced 26 consecutive months of net inflows, with August alone recording a net inflow of HKD 112.2 billion, ranking as the ninth highest on record [3] - This year, six months have made it into the top ten for monthly net inflows, and seven trading days have reached the top ten for daily net inflows, with August 15 seeing a record high of HKD 35.9 billion [3]

Group 1 - The core viewpoint is that more overseas long-term investors are positioning themselves in Hong Kong stocks this year, indicating a growing interest in the market [1] - The Hong Kong Stock Exchange (HKEX) is exploring the possibility of shortening the settlement cycle to T+1, aiming to enhance investor returns and optimize the platform based on feedback from mainland investors [1] - Average daily trading volume for the first eight months of the year reached HKD 248.3 billion, with a noticeable increase in trading volume from southbound trading, reflecting heightened enthusiasm from mainland investors towards Hong Kong stocks [1] Group 2 - HKEX plans to expand the range of exchange-traded fund (ETF) connect products to improve liquidity and competitiveness in the Hong Kong stock market [1]

Group 1 - Hong Kong is positioned to enhance its role as a "super connector" and "super value creator" under the "One Country, Two Systems" framework, facilitating cooperation with Middle Eastern countries for mutual development [1] - The Hong Kong stock market has seen increased interest from Middle Eastern investors, with investments exceeding $1 billion in several newly listed companies, reflecting a trend of diversification in asset allocation [2] - The compound annual growth rate of investments from Saudi Arabia, Kuwait, and Bahrain in Hong Kong securities has reached approximately 17% over the past five years, with total investments increasing to $6.3 billion in 2023 [2] Group 2 - Middle Eastern countries are accelerating infrastructure development and seeking innovative technologies, creating significant opportunities for Hong Kong's startups and professional services, particularly in green technology and smart city initiatives [3] - The number of visitors from Gulf countries to Hong Kong increased by 70% last year, with a further increase of over 50% in the first seven months of this year, indicating growing bilateral trade and cultural exchanges [4] - Hong Kong's bilateral trade with the Gulf region reached HKD 150 billion last year, with an average annual growth rate of about 11% over the past five years [4] Group 3 - The Hong Kong government is actively deepening cooperation with the Middle East, having signed 59 cooperation memorandums and statements during recent trade missions [5] - The establishment of exchange-traded funds (ETFs) tracking both Saudi and Hong Kong markets signifies enhanced financial connectivity between the two regions, with combined market values exceeding HKD 16 billion [5] - A Kazakhstani natural resources company is set to list in Hong Kong, marking the first simultaneous listing on both the Hong Kong Stock Exchange and the Astana International Exchange, highlighting financial collaboration with Central Asia [5] Group 4 - The Hong Kong government plans to continue promoting its advantages and opportunities globally, focusing on multi-layered and multi-field exchanges with emerging markets to create more development opportunities for local enterprises [6]

Group 1 - The Hong Kong Stock Exchange (HKEX) reported a significant increase in new listings and fundraising in the first seven months of the year, with 53 new companies listed, representing a 33% increase compared to the same period last year [1][3] - The total amount raised by new listings reached HKD 127.9 billion, marking an over sixfold year-on-year increase, while the overall fundraising in the market amounted to HKD 331.8 billion, nearly tripling from HKD 83.5 billion in the previous year [3] - The total market capitalization of the Hong Kong securities market reached HKD 44.9 trillion, a 44% year-on-year increase, with average daily trading volume for July at HKD 262.9 billion, reflecting a nearly 1.7 times growth year-on-year [3][5] Group 2 - Exchange-traded funds (ETFs) also showed strong performance, with average daily trading volume reaching HKD 33.3 billion in the first seven months, an increase of 1.8 times year-on-year, indicating a growing demand for diversified products [3] - The positive data from HKEX is attributed to global capital confidence in China's economic outlook and ongoing improvements in Hong Kong's capital market, including listing system reforms and product innovations [5] - The Hang Seng Index closed at 24,910.63 points, up 8.1 points or 0.03%, with a total trading volume of HKD 215.2 billion for the day [5]

Core Insights - The Hong Kong Stock Exchange (HKEX) reported a significant increase in new listings and fundraising activities in the first seven months of the year, with 53 new companies listed, representing a 33% increase compared to the same period last year [1][3] Group 1: Market Performance - The total fundraising amount for new listings reached HKD 127.9 billion, marking an over sixfold year-on-year increase [3] - The overall market fundraising amount was HKD 331.8 billion, nearly tripling from HKD 83.5 billion in the same period last year [3] - As of the end of July, the total market capitalization of the Hong Kong securities market reached HKD 44.9 trillion, a 44% year-on-year increase [3] Group 2: Trading Activity - The average daily trading amount in July was HKD 262.9 billion, showing a year-on-year increase of nearly 1.7 times [3] - The average daily trading amount for the first seven months of the year was HKD 243.7 billion, reflecting a year-on-year growth of over 1.2 times [3] - Exchange-traded funds (ETFs) also saw strong performance, with an average daily trading amount of HKD 33.3 billion in the first seven months, up 1.8 times year-on-year [3] Group 3: Market Outlook - The positive data from HKEX is attributed to global capital confidence in the Chinese economic outlook and ongoing improvements in Hong Kong's capital market, including listing system reforms and product innovations [5] - The market's increasing vitality reinforces Hong Kong's position as a hub connecting mainland China with global capital [5]

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) Chairman highlighted the significant growth of asset management in Hong Kong, particularly the performance of Chinese-funded asset management firms, which have shown a remarkable increase in assets under management. Group 1: Asset Management Growth - As of the end of last year, the total assets under management in Hong Kong reached HKD 35.1 trillion, representing a year-on-year growth of 13% [1] - Chinese-funded asset management firms experienced a 15% increase in assets under management, totaling HKD 3.08 trillion, outperforming the industry average for five consecutive years [1] Group 2: Market Position and Opportunities - Despite the growth, Chinese-funded asset management firms only account for 9% of the Hong Kong fund market, which presents significant room for improvement compared to mainland enterprises that represent 80% of the market capitalization of Hong Kong stocks [1] - The SFC encourages Chinese asset management institutions to innovate and diversify their development, aiming to expand their investor base and enhance global asset allocation capabilities [1] Group 3: Strategic Initiatives - In recent years, the Chinese asset management industry has actively responded to the SFC's strategic initiatives, launching the first virtual asset spot ETFs and tokenized retail money market funds in Asia, which injects strong momentum into industry innovation [1] - The SFC emphasizes the importance of leveraging market connectivity mechanisms such as fund recognition arrangements, ETF Connect, and the Greater Bay Area cross-border wealth management scheme 2.0 to seize strategic opportunities [1]