Survey: HK has nearly 1 million stock investors

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Last updated at: (Beijing Time) Wednesday, April 07, 2004

Survey: HK has nearly 1 million stock investors

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The number of Hong Kong retail investors investing in stocks or derivatives traded on HKEx is close to 1 million, and stock investors traded twice as frequentlyin 2003 as in 2002, said a survey conducted by Hong Kong Exchangesand Clearing Limited (HKEx).

According to the survey released Tuesday, 17.5 percent of Hong Kong adults, or 957,000 individuals, were stock investors who at the time of the interview were holding stocks traded on the HKEx securities market, including shares, warrants and Exchange Traded Funds or traded them in 2003.

The survey, conducted in December 2003, also showed that 2.5 percent of Hong Kong adults, or 137,000 individuals, were derivatives investors who at the time of the interview were holding futures or options traded on the HKEx derivatives market or traded them in 2003.

It indicates that 17.5 percent of Hong Kong adults, or 959,000 individuals were retail investors, who were either stock investorsor derivatives investors.

It found that a typical Hong Kong retail stock investor is a 42-year-old white-collar worker with university or higher education level and a monthly personal income of about 18,750 HK dollars (2,407 US dollars), while a typical Hong Kong retail derivatives investor is a 37-year-old white-collar worker, with tertiary or above education and a monthly personal income of 22,500 HK dollars(2,889 US dollars).

Twenty-one percent of stock investors were on-line stock traders who traded stocks in 2003 via on-line media, either alwaysor sometimes.

Compared to non-online stock traders, on-line stock traders comprise a larger proportion of younger persons, persons with higher education level and persons with higher work status; on-line stock traders also had a higher median monthly personal income than non-online stock traders.

The survey also shows that perceptions of the Hong Kong stock market have generally improved since 2002. The majority of stock investors agreed that there was good trading information availablein the Hong Kong stock market, which was a fair and orderly one and listed companies had good release of information.

In the Omnibus Retail Investor Survey 2003, 2,004 individuals were interviewed by telephone.

Source: Xinhua

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