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HKEx reports record-breaking 2014


13 January 2015 Hong Kong
Reporter: Stephanie Palmer

Generic business image for news article
Image: Shutterstock
The Hong Kong Exchanges and Clearing Group (HKEx) reported a record high in exchange traded funds (ETF), surpassing the one trillion dollar mark for the first time.

ETF turnover for 2014 reached $1.2 trillion, beating the previous record annual turnover of $903.1 billion in 2013.

Record numbers were also achieved in fundraising through post-IPO share sales, which reached $708 billion, drastically surpassing the previous record of $409 billion in 2010. Derivatives market turnover saw 142.4 million contracts processed, compared to a previous high of 140.5 million in 2011.

New listings and main board listings also reached record-breaking numbers of 122 and 96, respectively. The previous high for new listings was 117, achieved in 2002, while new main board listings passed it’s previous record of 94 in 2010.

In securities, IPO fundraising reached $29.3 billion, an increase of 34 percent compared to 2013. Securitised derivatives continued to be the world’s largest for the eighth year running, and market capitalisation exceeded $26 trillion for the first time, peaking at $26.5 trillion on 4 September 2014.

Between its launch on 17 November 2014 and the end of the year, the Shanghai Hong Kong Stock Connect saw an average daily turnover of 5.6 billion renminbi and 929 million in Hong Kong dollars.

In commodities trading, 177.2 million lots were exchanged, compared to 171.1 million in 2013. The 2014 total is equivalent to $14.9 trillion, or 4 billion tonnes of materials, while average daily volumes reached an average of 700,204 lots, a rise of 4 percent compared to 2013.

Aluminium trading reached 68.8 million lots, an increase of 3 percent compared to 2013. Zinc trading rose by 2 percent to reach 31.8 million lots, while nickel trading jumped by 39 percent compared to 2013, reaching 19.4 million lots.
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