Hong Kong SAR, China: Market capitalization of listed domestic companies (current US$)

Key figures

What the numbers say

In 2025, Hong Kong SAR, China's market capitalization of listed domestic companies (current US$) rose 33.8% on 2024 (from US$4.55 trillion to US$6.09 trillion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +13.9% and a typical year strayed about 30.6% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 123.9% in 1993 and the biggest yearly fall was 49.9% in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 26% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Hong Kong SAR, China had the 6th highest value of the 63 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Hong Kong SAR, China in the 2025 ranking

• China — 2nd of 63: US$15.51 trillion
• India — 3rd of 63: US$10.56 trillion
• Japan — 4th of 63: US$7.61 trillion
• Canada — 6th of 63: US$4.62 trillion
• Germany — 7th of 63: US$2.9 trillion
• Korea, Rep. — 8th of 63: US$2.76 trillion

What this measures

Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.

Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.

Regional and income-group figures are computed by the World Bank as a sum.

All 51 values

Market capitalization of listed domestic companies (current US$) in nearby economies

• Australia — US$2.05 trillion (2025)
• China — US$15.51 trillion (2025)
• Indonesia — US$949.59 billion (2025)
• Japan — US$7.61 trillion (2025)
• Korea, Rep. — US$2.76 trillion (2025)
• Malaysia — US$487.45 billion (2025)
• New Zealand — US$103.17 billion (2025)
• Papua New Guinea — US$1.68 billion (2017)
• Philippines

More financial sector data for Hong Kong SAR, China

• DEC alternative conversion factor (LCU per US$) — US$7.8 (2025)
• Official exchange rate (LCU per US$, period average) — US$7.8 (2025)
• GDP deflator (base year varies by country) — 105.23 (2025)
• Inflation, GDP deflator (annual % growth) — 1.02% (2025)
• Market capitalization of listed domestic companies (% of GDP) — 1,425% (2025)
• Listed domestic companies, total — 2,508 (2025)
• Stocks traded, total value (current US$) — US$5.86 trillion (2025)
• Stocks traded, total value (% of GDP) — 1,372% (2025)
• Stocks traded, turnover ratio of domestic shares (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Hong Kong SAR, China's market capitalization of listed domestic companies (current US$)?

US$6.09 trillion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1975?

It is up 75,075% from US$8.1 billion in 1975 (14.16% a year on average, compounded). The highest value was US$6.13 trillion in 2020 and the lowest US$8.1 billion in 1975.

How does Hong Kong SAR, China rank?

6th highest of 63 economies with data for 2025.

Is the latest change in market capitalization of listed domestic companies (current US$) unusual for Hong Kong SAR, China?

In 2025, Hong Kong SAR, China's market capitalization of listed domestic companies (current US$) rose 33.8% on 2024 (from US$4.55 trillion to US$6.09 trillion). Across the 30 yearly changes before that (1995 to 2024), the average change was +13.9% and a typical year strayed about 30.6% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator CM.MKT.LCAP.CD, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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