Markets

Overseas investors: major contributor to HK stock market

(Xinhua)
Updated: 2011-02-22 10:53

HONG KONG - Overseas institutional investors, the largest contributors among all investor types in the Hong Kong securities market, contributed 42 percent of total market turnover in 2009/10, compared to 38 percent in 2008/09, said a local survey released on Monday.

According to Hong Kong Exchanges and Clearing Limited's (HKEx) Cash Market Transaction Survey 2009/10 (covering HKEx's securities market turnover from October 2009 to September 2010), the contribution to the total trading value of HKEx's securities market from local and overseas investors continues to be well balanced.

In 2009/10, overseas investors contributed 46 percent of total market turnover value, up from 42 percent in 2008/09, while local investors contributed 44 percent, down from 50 percent in the previous year.

Institutional investors contributed 64 percent of total market turnover value (62 percent in 2008/09), remaining above 60 percent for the fifth consecutive year. The contribution from retail investors was 26 percent in 2009/10, down from 30 percent in the previous year).

Local institutional investors contributed 23 percent to total market turnover, compared to 24 percent in 2008/09. Local retail investors contributed 21 percent to total market turnover, compared to 25 percent in 2008/09.

Among the overseas investors, the United Kingdom investors regained their status as the largest contributors to overseas investor trading in 2009/10 with a contribution of 29 percent, up from 23 percent in 2008/09.

Investors from the United States, ranking second for the first time since surpassing the United Kingdom investors in 2004/05, contributed 24 percent of overseas investor trading in 2009/10, down sharply from 36 percent in 2008/09.

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The contribution from Continental European investors to overseas investor trading rebounded from 10 percent in 2008/09 to 16 percent in 2009/10, ranking third among overseas investors.

The contribution of investors from the Chinese mainland to overseas investor trading was 11 percent in 2009/10, compared to 12 percent in 2008/09.

Asian investors in aggregate contributed 27 percent of overseas investor trading in 2009/10, compared to 26 percent in 2008/09.