Hong Kong stocks performance report for the first half of 2025: Daily average trading volume increased by 118% year-on-year. ETFs and derivatives all surged.

On July 29, HKEX released a review of the highlights of the Hong Kong market in the first half of 2025. In the first half of 2025, the Hong Kong market repeatedly reached new highs, with the performance of HKEX's secondary market being very impressive - the trading volume of the stock market continued to rise, and the trading volume of derivative products soared. The data shows that the average daily trading volume of the Hong Kong Stock Exchange in the first half of 2025 was 240.2 billion Hong Kong dollars (covering half of HKEX's top ten trading days in history), an increase of 118% compared to the same period last year. The daily trading volume of ETFs rose to 33.8 billion Hong Kong dollars, an increase of 184% from the previous year. The average daily trading volume of Exchange Traded Funds (ETFs) in the first half of 2025 rose significantly to 33.8 billion Hong Kong dollars, an increase of 184% compared to the same period last year. This growth was mainly driven by two innovative initiatives: the expansion of the ETF Connect program and the continuous listing of new ETF products. The daily trading volume of leveraged and inverse products increased by 75% compared to the previous year. The average daily trading volume of leveraged and inverse products in the first half of 2025 rose to 4.2 billion Hong Kong dollars, an increase of 75% compared to the same period last year. Hong Kong, as the leading diversified ecosystem for leveraged and inverse products in Asia, became the first in Asia to launch a batch of single stock leveraged and inverse products this year. Bull and bear certificates are becoming increasingly popular in the market, with an average daily trading volume of 9.6 billion Hong Kong dollars, an increase of 78% from the previous year. Bull and bear certificates tracking the performance of various related assets saw a daily trading volume of 9.6 billion Hong Kong dollars in the first half of 2025, an increase of 78% compared to the same period last year. The daily trading volume of derivative products was 1.7 million contracts, an increase of 11% year-on-year. The average daily trading volume of futures and options in the derivative products market in the first half of 2025 increased to 1,700,322 contracts, an 11% increase from the same period last year. The daily trading volume of Stock Connect surpassed 110 billion Hong Kong dollars, an increase of 195% from the previous year. Under the Shanghai-Hong Kong Stock Connect mechanism, the average daily trading volume of Stock Connect in the first half of 2025 was 110.96 billion Hong Kong dollars, an increase of 195% compared to the same period last year. The trading volume of RMB futures exceeded 115,000 contracts, an increase of 43% year-on-year. The daily trading volume of RMB currency futures in the first half of 2025 rose to 115,150 contracts, an increase of 43% compared to the same period last year, reflecting the role of RMB-denominated instruments in the increasingly active RMB product ecosystem. The market capitalization of the Hong Kong market increased to 42.7 trillion Hong Kong dollars, a 33% increase from the previous year. At the end of June 2025, the market capitalization of the Hong Kong market was 42.7 trillion Hong Kong dollars, a 33% increase from the same period last year. The first half of 2025 was a breakthrough period for the Hong Kong capital market. The strong trading volume of the securities market, combined with the growing derivative products market, confirms that Hong Kong's secondary market is both resilient and innovative, able to continue to attract international capital and provide investors with diversified investment tools.