Hong Kong’s Markets: H1 2026 Update Contact Careers Related Sites HKEX Market LME Bond Connect QME HKEXnews GEM CESC Sustainable & Green Exchange (STAGE) Client Connect 繁 簡 About HKEX Who We Are Who We Are Our Purpose & Values Our Markets, Products & Services Our Strategy HKEX Milestones Our Sustainability Journey Awards & Recognition Our Structure Our Structure Board and Committees Management Principal Subsidiaries Our People and Values Our People and Values Our Purpose, Vision & Values Code of Conduct Valuing Equality, Diversity and Inclusion Careers at HKEX Careers at HKEX Early Careers About HKEX HKEX is one of the world&rsquo;s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world&rsquo;s leading IPO market and as Hong Kong&rsquo;s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia&rsquo;s most vibrant market. 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Within this section, you can find HKEX's latest financial information, strategic plans, presentations, business statistics, regulatory disclosure, shareholder information, and the contact details of our Investor Relations team. 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Media Centre News Release News Release HKEX Group HKEX LME CESC Insight, Research & Latest Views Insight, Research & Latest Views HKEX Insight Surveys Research Papers Corporate Events Corporate Events HKEX ETF Summit 2025 LME Asia Metals Seminar 2026 HKEX Awards HKEX in Davos 2025 Media Library Media Centre Welcome to the HKEX Group Media Centre. Within this section, you can find our latest news, thought-leadership and industry events and conferences information. Visit our Media Library to discover some of our memorable moments captured in photography and film. > Search HKEX Group About HKEX Investor Relations Corporate Governance Sustainability Media Centre Media Centre News Release Insight, Research & Latest Views Corporate Events Media Library Insight, Research & Latest Views HKEX Insight Surveys Research Papers HKEX Insight 2026 2026 HKEX Insight Katherine Ng Brian Roberts ECM series Johnson Chui Markets in Motion video series Bonnie Y CHAN, HKEX Chief Executive Officer HKEX Insight What Are HKEX CGB Futures – and Why Do They Matter Offshore? Five Ways to Access HKEX’s Biotech Product Ecosystem in 2026 Stock Connect 2025 Review Driving the Next Wave of Climate Innovation How the HKEX Tech 100 Captures Hong Kong’s Innovation Ecosystem Hong Kong ECM 2025 Recap: Liquidity, Listing and Record-Scale Equity Issuance Hong Kong’s Markets: H1 2026 Update Scaling Green Innovation: How Capital, Policy and Markets Can Work Together 18C, Explained 8 Top Questions About Swap Connect in 2026 – Answered What Drove Hong Kong’s Markets in 2025? From Listings to Liquidity: The Rise of Hong Kong’s Multi-Asset Biotech Ecosystem Q1 2026 Hong Kong Market Update Weekly Stock Options @ HKEX Hong Kong’s Markets: H1 2026 Update HKEX Insight Market Hong Kong’s Markets: H1 2026 Update HKEX Insight Jul 16, 2026 Hong Kong&rsquo;s markets extended their strong 2025 momentum into H1 2026, with robust trading activity across equities, derivatives and cross-border channels. Key datapoints (end-June 2026): June ADT: HK$319.1 billion (up 38.6% YoY) H1 ADT: HK$283.0 billion (up 17.8% YoY) IPO funds raised: HK$210.2 billion (up 92.1% YoY) Southbound H1 ADT: HK$123.1 billion (up 10.9% YoY) Northbound H1 ADT: RMB345.3 billion (up 101.6% YoY) ETP H1 ADT: HK$48.4 billion (up 31.8% YoY) Futures and options H1 ADV: 1.81 million contracts (up 6.4% YoY) Stock options H1 ADV: 942,162 contracts (up 8.5% YoY) Hang Seng TECH Index Futures record volume: 523,692 contracts (May 26, 2026) Cash market trading sets record Hong Kong&rsquo;s cash market recorded ADT of HK$283.0 billion in H1 2026, up 17.8% compared with HK$240.2 billion in H1 2025 and more than double FY 2024. Turnover was supported by strong investor interest in technology and AI-related stocks, record levels of Stock Connect activity and a healthy pipeline of new listings. ADT in Q2 2026 saw the highest quarterly number on record, registering HK$289.5 billion, compared with HK$276.7 billion in Q1 2026. ETP trading reaches new high ETP ADT came to HK$48.4 billion in H1 2026, up 32% YoY compared with FY 2025, as a broader range of products, including technology, gold and cross-market ETFs, continued to attract investor interest and trading activity. Indeed, products such as the E Fund HKEX Tech 100, Hang Seng Gold, and US/Hong Kong cross-market ETFs, added to the opportunity set, taking the number of ETP products to 250 at the end of June 2026, compared with 214 at the same point in 2025. Stock Connect trading extends record run Chinese Mainland and international investors remained active through Stock Connect, with both Northbound and Southbound turnover reaching new levels. Northbound ADT was RMB345.3 billion in H1 2026, significantly above the RMB212.4 billion recorded for FY 2025, while Southbound ADT reached HK$123.1 billion, slightly exceeding the record ADT of HK$121.1 billion recorded in FY 2025. Trading of eligible ETFs in Stock Connect saw notable growth, with ADT for Southbound and Northbound ETFs reaching HK$6.1 billion and RMB4.9 billion, up 61% and 84%, respectively, compared with H1 2025. Derivatives market builds on record 2025 activity HKEX&rsquo;s derivatives market extended its growth in H1 2026 as stronger cash-market activity was matched by deeper engagement with risk-management and trading tools. Derivative market ADV reached 1.81 million contracts in H1 2026, compared with 1.70 million contracts in H1 2025, while stock options ADV reached 942,162 contracts. Seventeen new weekly stock options products were launched in June 2026, taking the total to 33. Initial momentum has been positive, with weekly volumes accounting for around 20% of total trading for the names in the universe. Engagement in options products around popular themes such as consumer, tech and autos has been strong since launch. Continuing the tech theme, Hang Seng TECH Index Futures recording ADV of 205,089 contracts in H1 2026, compared with 161,444 in H1 2025. This product set a new trading record of 523,692 contracts on May 26, 2026. Hong Kong’s second-highest H1 for ECM fundraising H1 2026 saw the second-highest H1 IPO volume to date, as 87 listings raised a combined HK$210.2 billion1 compared with HK$109.4 billion from 44 raises in H1 2025. A diverse range of companies came to market in H1, with listings from across the AI value chain, a dual-listing by Indonesian mining company Merdeka, and 20 IPOs in the second half of June alone supporting fundraising momentum. Post-IPO activity also remained buoyant, with HK$296.0 billion in follow-on issuance, which includes all types of equity follow-ons and equity-linked transactions. Market momentum continues In sum, H1 2026 saw a continuation of the strong market momentum recorded in 2025, with new trading highs recorded across the product ecosystem. June activity was particularly strong, underpinned by a robust listing pipeline of innovative tech names and international companies, as well as ongoing enhancements to our product suite &ndash; all of which set a solid foundation heading into H2 2026. Data as of June 30, 2026. Catch the latest insights from HKEX How the HKEX Tech 100 Captures Hong Kong&rsquo;s Innovation Ecosystem Weekly Stock Options @ HKEX AI IPOs Create a New Issuer Ecosystem < Previous Article 8 Top Questions About Swap Connect in 2026 – Answered Next Article > What Are HKEX CGB Futures – and Why Do They Matter Offshore? Site MapTerms of UsePrivacy NoticeCookie Notice Follow Us: Follow HKEX on TwitterFollow HKEX on LinkedInFollow us on WeChatFollow HKEX on YoutubeRSS Feeds &copy;2016-26 Hong Kong Exchanges and Clearing Limited. All rights reserved.