2025年首十一个月的交易所买卖基金平均每日成交金额为341亿港元，较去年同期的158亿港元上升 116%。 2025年首十一个月的杠杆及反向产品平均每日成交金额为35亿港元，较去年同期的29亿港元上升21%。 2025年首十一个月有93家新上市公司，较去年同期的61家上升52%。 2025年首十一个月的首次公开招股集资#金额为2,594亿港元，较去年同期791亿港元上升228%。 2025年首十一个月的总集资金额为5,750亿港元，较去年同期的1,690亿港元上升240%。 12月4日，港交所(00388)发布香港交易所11月市场概况。证券市场市价总值于2025年11月底为48.0万亿 港元，较去年同期的34.0万亿港元上升41%。2025年11月的平均每日成交金额为2,307亿港元，较去年同 期的1,615亿港元上升43%。 2025年首十一个月的平均每日成交金额为2,558亿港元，较去年同期的1,309亿港元上升95%。 2025年首十一个月的衍生权证平均每日成交金额为80亿港元，较去年同期的52亿港元上升54%。 2025年首十一个月的牛熊证平均每日成交金额为106亿港元，较去年同期67亿港元上升58 ...

Market Overview - The total market capitalization of the Hong Kong Stock Exchange reached HKD 48.1 trillion by the end of October 2025, a 37% increase from HKD 35.2 trillion in the same period last year [1] - The average daily trading amount in October 2025 was HKD 274.9 billion, up 8% from HKD 255 billion in October 2024 [1] - The average daily trading amount for the first ten months of 2025 was HKD 258.2 billion, a significant increase of 102% compared to HKD 127.8 billion in the same period last year [1] Derivative Products Market - The average daily trading volume of futures and options for the first ten months of 2025 was 1,696,752 contracts, a 7% increase from 1,582,570 contracts in the same period last year [2] - The average daily trading volume of stock index futures was 568,701 contracts during the first ten months of 2025 [2] Stock Options and Futures - The average daily trading volume of stock index options was 115,461 contracts for the first ten months of 2025 [3] - The average daily trading volume of stock options increased by 22% to 896,891 contracts compared to 733,117 contracts in the same period last year [3] - The average daily trading volume of stock futures was 8,538 contracts for the first ten months of 2025 [4] Currency Futures - The average daily trading volume of Renminbi currency futures increased by 20% to 107,126 contracts compared to 89,600 contracts in the same period last year [4] Historical Records - On October 2, 2025, the weekly stock options trading volume reached a historical high of 312,545 contracts [4] - On October 27, 2025, the trading volume of Hang Seng Tech Index futures options hit a historical high of 64,982 contracts [5] IPO and Fundraising - There were 81 new listings in the first ten months of 2025, a 50% increase from 54 new listings in the same period last year [1] - The total amount raised through initial public offerings (IPOs) in the first ten months of 2025 was HKD 216 billion, a 209% increase from HKD 70 billion in the same period last year [1] - The total fundraising amount for the first ten months of 2025 reached HKD 507 billion, up 228% from HKD 154.8 billion in the same period last year [1]

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]

Market Overview - The total market capitalization of the Hong Kong securities market reached HKD 49.9 trillion by the end of September 2025, a 35% increase from HKD 36.9 trillion in the same period last year [1] - The average daily trading amount in September was HKD 316.7 billion, up 87% from HKD 169.2 billion in the same month last year [1] - For the first nine months of 2025, the average daily trading amount was HKD 256.4 billion, a 126% increase from HKD 113.3 billion in the same period last year [1] Derivative Products Market - The average daily trading volume of futures and options for the first nine months of 2025 was 1,681,869 contracts, an 11% increase from 1,515,613 contracts in the same period last year [2] - The average daily trading volume of stock options was 886,323 contracts, up 27% from 698,817 contracts year-on-year [2] - The average daily trading volume of stock futures was 8,616 contracts, a 7% increase from 8,026 contracts in the previous year [2] New Listings and Fundraising - There were 69 new listings in the first nine months of 2025, a 53% increase from 45 new listings in the same period last year [1] - The total fundraising amount for initial public offerings (IPOs) in the first nine months was HKD 182.9 billion, a 229% increase from HKD 55.6 billion year-on-year [1] - The total fundraising amount for the first nine months reached HKD 444 billion, up 252% from HKD 126.1 billion in the same period last year [1] Historical Records - On September 17, 2025, the weekly trading volume of stock options reached a historical high of 277,589 contracts [3]

Market Overview - The total market capitalization of the Hong Kong securities market reached HKD 46.6 trillion at the end of August 2025, a 47% increase from HKD 31.8 trillion in the same period last year [1] - The average daily trading amount in August was HKD 279.1 billion, up 192% from HKD 95.5 billion year-on-year [1] - For the first eight months of 2025, the average daily trading amount was HKD 248.3 billion, a 132% increase from HKD 106.8 billion in the same period last year [1] Derivative Products - The average daily trading volume of futures and options for the first eight months of 2025 was 1,660,900 contracts, a 13% increase from 1,473,911 contracts year-on-year [2] - The average daily trading volume of stock options was 863,627 contracts, up 29% from 670,560 contracts in the previous year [2] - The average daily trading volume of RMB currency futures was 112,121 contracts, a 30% increase from 86,010 contracts year-on-year [2] New Listings and Fundraising - There were 59 new listed companies in the first eight months of 2025, a 37% increase from 43 companies in the same period last year [1] - The total amount raised through initial public offerings (IPOs) was HKD 134.5 billion, a significant increase of 579% from HKD 19.8 billion year-on-year [1] - The total fundraising amount for the first eight months reached HKD 368.8 billion, up 322% from HKD 87.3 billion in the previous year [1]

Group 1 - The average daily trading volume in the Hong Kong market for the first half of 2025 reached HKD 240.2 billion, a significant increase of 118% compared to HKD 110.4 billion in the same period last year [1] - As of June 30, 2025, the market capitalization of the Hong Kong market was HKD 42.7 trillion, up 33% from HKD 32.1 trillion year-on-year [1] - The average daily trading volume of Exchange-Traded Funds (ETFs) surged to HKD 33.8 billion, representing a 184% increase from HKD 11.9 billion in the previous year, driven by the expansion of the ETF Connect program and the continuous listing of new ETF products [1] Group 2 - The average daily trading volume of the Hong Kong Stock Connect under the Shanghai and Shenzhen Stock Connect mechanisms was HKD 110.96 billion, reflecting a 195% increase year-on-year [1] - The daily trading volume of Renminbi currency futures rose to 115,200 contracts, a year-on-year growth of 43%, indicating the increasing role of Renminbi-denominated instruments in the active Renminbi product ecosystem [1] - The average daily trading volume of futures and options in the derivatives market increased to 1.7 million contracts, marking an 11% year-on-year growth, showcasing the resilience and innovative momentum of Hong Kong's capital market [2]

Core Insights - The Hong Kong market achieved record highs in the first half of 2025, with significant increases in trading volumes and market capitalization [1][5]. Group 1: Market Trading Volume - The average daily trading amount on the Hong Kong Stock Exchange reached HKD 240.2 billion, a 118% increase from HKD 110.4 billion in the same period last year, marking the highest level since 2010 [3]. - The average daily trading amount for the Stock Connect program under the Shanghai-Hong Kong Stock Connect was HKD 110.96 billion, reflecting a 195% year-on-year growth [3]. Group 2: Market Capitalization - As of June 30, 2025, the market capitalization of Hong Kong reached HKD 42.7 trillion, up 33% from HKD 32.1 trillion a year earlier [5]. - The first half of 2025 is characterized as a breakthrough period for the Hong Kong capital market, showcasing resilience and innovative momentum [5]. Group 3: Growth in Specific Product Categories - The daily trading amount of ETFs surged to HKD 33.8 billion, with a year-on-year increase of 184%, driven by the expansion of the ETF mutual access program and the continuous launch of new ETF products [9]. - The daily trading amount of leveraged and inverse products increased by 75% year-on-year [9]. - The average daily trading volume of futures and options rose to approximately 1.7003 million contracts, an 11% increase from about 1.5327 million contracts in the same period last year [9]. - The daily trading volume of RMB currency futures reached approximately 115,200 contracts, reflecting a 43% year-on-year growth, indicating the growing role of RMB-denominated instruments [9].

Group 1 - The Hong Kong Stock Exchange reported record highs in the first half of 2025, with significant performance in the secondary market and a notable increase in trading volumes for both stocks and derivatives [1][3] - The average daily trading amount reached HKD 240.2 billion, a 118% increase from HKD 110.4 billion in the same period last year, marking the highest level since 2010 [3] - The total market capitalization of the Hong Kong market increased to HKD 42.7 trillion by the end of June 2025, up 33% from HKD 32.1 trillion a year earlier, reflecting the resilience and innovative momentum of the capital market [3] Group 2 - The average daily trading amount for the Stock Connect program under the Shanghai-Hong Kong Stock Connect reached HKD 110.96 billion, a 195% increase year-on-year [3] - The trading volume for ETFs surged to HKD 33.8 billion, representing a year-on-year increase of 184%, driven by the expansion of the ETF interconnection plan and the continuous launch of new products [3] - The derivatives market saw an average daily trading volume of approximately 1.7003 million contracts, an 11% increase compared to the same period last year, with RMB currency futures daily trading volume rising by 43% to approximately 115,200 contracts [3]

Group 1 - The core viewpoint of the articles highlights the significant growth in Hong Kong's market performance in the first half of 2025, with a notable increase in trading volumes and market capitalization compared to the previous year [1][2]. - The average daily trading amount in the Hong Kong market reached HKD 240.2 billion in the first half of 2025, a 118% increase from HKD 110.4 billion in the same period last year [1]. - As of June 30, 2025, the market capitalization of Hong Kong stood at HKD 42.7 trillion, reflecting a 33% growth from HKD 32.1 trillion a year earlier [1]. Group 2 - The average daily trading amount for Exchange-Traded Funds (ETFs) surged to HKD 33.8 billion, marking a 184% increase from HKD 11.9 billion in the same period last year, driven by the expansion of the ETF Connect program and the continuous listing of new ETF products [1]. - Under the Stock Connect mechanism, the average daily trading amount for Hong Kong Stock Connect reached HKD 110.96 billion, a 195% increase compared to the previous year [1]. - The daily trading volume of Renminbi currency futures rose to 115,200 contracts, a 43% year-on-year increase, indicating the growing role of Renminbi-denominated instruments in an increasingly active product ecosystem [1]. Group 3 - In the derivatives market, the average daily trading volume of futures and options increased to 1.7 million contracts, reflecting an 11% year-on-year growth [2]. - The Hong Kong Stock Exchange characterized the first half of 2025 as a breakthrough period for the capital market, showcasing resilience and innovative momentum that continues to attract international capital and provide diverse investment tools for investors [2].

Group 1 - The average daily trading volume in Hong Kong's stock market reached 240.2 billion HKD in the first half of 2025, marking a 118% increase from 110.4 billion HKD in the same period last year, the highest since 2010 [2][6] - The market capitalization of Hong Kong reached 42.7 trillion HKD by the end of June 2025, up 33% from 32.1 trillion HKD a year earlier, indicating a robust capital market [6] - The average daily trading volume of the Hong Kong Stock Connect under the Shanghai and Shenzhen Stock Connect mechanisms was 110.96 billion HKD, reflecting a 195% increase year-on-year [5] Group 2 - The daily trading volume of ETFs surged to 33.8 billion HKD, with a year-on-year increase of 184%, driven by the expansion of the ETF mutual access program and the continuous launch of new ETF products [7] - The daily trading volume of leveraged and inverse products increased by 75% year-on-year, highlighting Hong Kong's position as a leading diversified ecosystem for such products in Asia [7] - The daily trading volume of RMB currency futures rose to approximately 115,200 contracts, a 43% increase year-on-year, showcasing the growing role of RMB-denominated instruments in the active RMB product ecosystem [9]