Stocks traded as a percentage of market capitalisation reached 59.4 % in 2018 in Hong Kong, according to OECD. This is 36.8 % more than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Hong Kong reached an all time high of 118 % in 2008 and an all time low of 1.99 % in 1980. When compared to Hong Kong's main peers, stocks traded as a percentage of market capitalisation in China amounted to 207 %, 31.9 % in Singapore and 36.7 % in Vietnam in 2018.
Hong Kong has been ranked 15th within the group of 53 countries we follow in terms of stocks traded as a percentage of market capitalisation, 10 places above the position seen 10 years ago.
Turnover ratio is the total value of shares traded during the period divided by the average market capitalisation for the period.