The Stock Exchange of Hong Kong Limited (HKEX) just released a presentation by HKEX Chief Executive Charles Li and Group Chief Financial Officer Paul Kennedy on 2016 Final Results Announcement.
Here are the highlights:
- Political and economic uncertainties continue to impact investment sentiment
- Increase in futures volumes and strict cost control lessened impact of fall in HK cash market’s activity
- Globally #1 in IPO funds raised, despite lower total proceeds
- Shenzhen – Hong Kong Stock Connect launched on 5 December 2016
- Excluding 2015 one-off gains, PAT down 22% compared to exceptional results in 2015
Equities
- Successfully launched Shenzhen-Hong Kong Stock Connect
– Abolished Aggregate Quota of Stock Connect - Launched new products:
– Sector Index Futures
– Leveraged & Inverse Products
– Mini H-shares Index (HHI) Options
– Fourth calendar month contract for HSI and HHI Options
FIC
- Launched additional RMB Currency Futures
- Co-branded RMB Index Series with Thomson Reuters
- Launched USD/CNH Cross Currency Swaps in OTC Clear
- Plan to launch new USD/CNH Currency Options in March 2017
Commodities
- Completed LME’s warehouse consultation
- Launched LME shield
- Announced package of measures to enhance LME market structure
- Plan to launch LME precious in 1H2017
- Setting up Commodities Trading Platform in Qianhai
Market Structures & Platforms
- Rolled out SPSA Model for Stock Connect enhancement
- Launched Closing Auction Session in Securities Market
- Launched Volatility Control Mechanism in Securities and Derivatives Markets
- Launched Pre-Trade Risk Management System in Derivatives Market
- Launched SMARTS Derivatives Surveillance System
To see the complete presentation, click here.