Monthly statistics from Hong Kong Exchanges and Clearing (HKEx) demonstrate that turnover in the Hong Kong market is still powered by the biggest brokerages.
In the ‘Stock Exchange Participants’ Market Share Report’, HKEX splits its exchange participants into three segments, the top fourteen, numbers 15 to 65 and lastly, everyone else.
Then HKEx calculates how much market share each group accounts for.
In June 2013, the fourteen biggest firms accounted for between 2.32% to 8.2% individually of market turnover. Their aggregate tally was 58.52%.
Positions 15 to 65 accounted for a combined 31.56%. Everyone else amassed a total market share of 9.92%.
In May, the respective market shares of the three groups were 56.4%, 32.4% and 11.1%, and this illustrates that the bigger brokers pulled in more business in June. HKEx says that it does not identify the names of the companies in each segment.
The average daily turnover in May 2013 was HK$ 60,968 million and in June, that figure increased to HK$ 69,479 million.