Hong Kong Exchanges and Clearing, which operates the Hong Kong Stock Exchange, posted record revenues and profit for the second consecutive year in 2025, fueled by trading and clearing fees increases driven by record volumes across the cash, derivatives and commodities markets.
The stock operator’s profit attributable to shareholders surged 36 percent to HK$17.7 billion ($2.26 billion), while revenue and other income gained 30 percent to HK$29.1 billion.
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The company declared the second interim dividend of HK$6.52 per share, swelling 33 percent year-on-year. Together with the first interim dividend, the whole year dividend per share was HK$12.52, representing an increase of 35 percent. Dividend payout ratio was maintained at 90 percent.
In 2025, the average daily turnover (ADT) of equity and derivatives products traded on the Hong Kong Stock Exchange soared 90 percent to reach HK$249.8 billion. ADT of northbound trading of the stock connect programs jumped 42 percent to $212.4 billion yuan ($31 billion), while southbound trading ADT skyrocketed 151 percent to reach HK$121.1 billion. However, the ADT of northbound trading of Bond Connect decreased 6 percent at 39 billion yuan.
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“HKEX reinforced its role as a global ‘superconnctor’, regained its position as the world’s leading initial public offering venue and set new trading as well as financial performance records,” HKEX Chief Executive Officer Bonnie Chan Yi-ting said in the company failing on Thursday.
“We continued to make strategic investments to expand our multi-asset ecosystem, such as acquiring a 20 percent stake in CMU OmniClear and facilitating the launch of the first London Metal Exchange-approved warehouses in Hong Kong,” she added.
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Chan said she is optimistic toward capital markets this year as global investors are seeking diversification and risk management opportunities in Asian, and specifically Chinese assets, amid the ongoing uncertainty of an increasingly multipolar world.
