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Hong Kong Stock

Capitalising on the rapid development of the Chinese economy, Hong Kong has become an important international financial center and is widely regarded as one of the fastest growing export-oriented economy in the Asia-Pacific region. In recent years, Hong Kong has successfully attracted enterprises from all over the world to list their companies here, especially Chinese enterprises. The market weighting of state-owned and privately-owned enterprises has increased gradually in the equity market, which suggests a growing impact of mainland Chinese economy on the development of Hong Kong stock market.

Introduction
  • Hang Seng Index Futures & Options

    Hang Seng Index (HSI), the benchmark of the Hong Kong stock market, is one of the best known indices in Asia and widely used by fund managers as their performance benchmark.

    The HSI is a market capitalisation-weighted index (shares outstanding multiplied by stock price) of the constituent stocks. The influence of each stock on the index"s performance is directly proportional to its relative market value. Constituent stocks with higher market capitalisation will have greater impact on the index"s performance than those with lower market capitalisation. The constituent stocks are grouped under Commerce and Industry, Finance, Properties and Utilities sub-indices.

    The latest list of constituent stocks and compilation methodology are available on the website of Hang Seng Indexes Company Limited.

  • Hang Seng Index Futures

    To meet the growing interests in the Hong Kong stock market and rising demand for related hedging tools, the Hong Kong Futures Exchange (HKFE) first introduced HSI futures contracts in May 1986.

  • Advantages

    The HSI futures and options provide investors with a set of effective instruments to manage portfolio risk and to capture index arbitrage opportunities. The popularity of Hang Seng Index futures and options has developed gradually with increasing domestic and international investors" participation.
     

    Proven Markets

    HSI futures and options allow experienced and novice investors alike to participate in the performance of constituent stocks in the index. As both local and international investors regard Hang Seng Index as a time-tested benchmark for the Hong Kong equity market and yardstick of portfolio performance, these contracts are consistently used by different investors for trading and risk management purposes.
     

    Cost Effective

    HSI futures and options facilitate hedging activities in a cost-effective way as these contracts are traded on a margin basis. The margin to carry an open position is only a fraction of the contracted value.
     

    Low Transaction Costs

    As the total value of high-capitalisation stocks represented in each HSI futures and options contract is substantial and only one commission is charged to establish or liquidate a contract, transaction costs are low when compared to purchasing or selling the constituent stocks.
     

    Hong Kong Stock Trading Hours
    Time Period
    09:00am-09:30am Pre Market Opening Period
    09:30am-12:00pm Morning Trading Session
    12:00pm-01:00pm Lunch Closing
    01:00pm-04:00pm Afternoon Trading Session
    04:00pm-04:10pm Closing Auction Trading Session

Renowned as an international finance centre, Hong Kong has a mature and diversified securities trading market, drawing a host of companies from around the world. Given the proximity between Hong Kong and China’s economies, there is also significant mainland capital inflow particularly through the rise of “new-economy” stocks.

The Hang Seng Index is considered the most accurate barometer of Hong Kong’s economy and its 50 constituent companies account for around 61% of the total market capitalization. The major sectors within the index are finance, telecommunications, property and utilities. In addition to ordinary common stocks, other investment products include warrants, CBBCs as well as emerging markets’ ETFs and REITs.

Clients may trade Hong Kong Stocks through Global Group Securities’ online trading platform or by calling our customer service desk at +852 2387 3333. Global Group Securities is an Exchange Participant of the Hong Kong Stock Exchange with broker numbers 0960, 0968, 0969.