Core Points - The Hang Seng Index fell by 16.99 points, a decrease of 0.07%, closing at 25,935.41 points [1] - The Hang Seng China Enterprises Index decreased by 9.97 points, closing at 9,163.24 points, down 0.11% [1] - The Hang Seng Tech Index dropped by 32.44 points, closing at 5,785.85 points, a decline of 0.56% [1] Blue Chip Stocks - Tencent Holdings remained unchanged, closing at 629 HKD [1] - Hong Kong Exchanges and Clearing fell by 0.47%, closing at 423.6 HKD [1] - China Mobile decreased by 0.06%, closing at 86.65 HKD [1] - HSBC Holdings increased by 0.19%, closing at 108.2 HKD [1] Local Hong Kong Stocks - Cheung Kong Holdings rose by 0.05%, closing at 39.52 HKD [1] - Sun Hung Kai Properties fell by 1.42%, closing at 96.85 HKD [1] - Henderson Land Development increased by 0.72%, closing at 28.04 HKD [1] Chinese Financial Stocks - Bank of China rose by 0.22%, closing at 4.53 HKD [1] - China Construction Bank decreased by 0.37%, closing at 8.02 HKD [1] - Industrial and Commercial Bank of China increased by 0.16%, closing at 6.25 HKD [1] - Ping An Insurance fell by 0.97%, closing at 56.25 HKD [1] - China Life Insurance remained unchanged, closing at 24.7 HKD [1] Oil and Petrochemical Stocks - Sinopec fell by 0.71%, closing at 4.2 HKD [1] - PetroChina increased by 0.36%, closing at 8.36 HKD [1] - CNOOC decreased by 0.29%, closing at 20.34 HKD [1]

Group 1 - The Hong Kong Stock Exchange (HKEX) announced the initiation of a tender process for the audit work for the fiscal year ending December 31, 2026 [1] - KPMG has been selected as the external auditor for the HKEX group for the fiscal year ending December 31, 2026, pending approval from shareholders at the 2026 annual general meeting [1] - PwC will continue as the auditor for the fiscal year 2025, with their term ending at the conclusion of the 2026 annual general meeting [1]

Core Insights - Hong Kong Stock Exchange (HKEX) reported record high revenue and profit for the first three quarters of 2025, with total revenue and other income reaching HKD 21.851 billion, a 37% increase from 2024, and shareholder profit rising 45% to HKD 13.419 billion [2][3] Financial Performance - Total revenue and other income for the first three quarters of 2025 was HKD 21.851 billion, up 37% from HKD 15.993 billion in 2024 [3] - Major business revenue increased by 41% to HKD 20.438 billion [3] - Shareholder profit reached HKD 13.419 billion, a 45% increase from HKD 9.270 billion in 2024 [3] - EBITDA rose 48% to HKD 17.164 billion [3] - Basic earnings per share increased by 45% to HKD 10.62 [3] Market Activity - The average daily trading volume in the cash market reached HKD 2,564 billion, more than double that of the first three quarters of 2024 [5] - The derivatives market saw an 11% increase in average daily contracts traded, reaching 1.7 million contracts [5] - The average daily trading volume for the third quarter of 2025 hit a record high of HKD 2,864 billion, more than double that of the same period in 2024 [6] - The Stock Connect program recorded significant growth, with average daily trading volumes for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect increasing by 67% and 229%, respectively [6] IPO Market Performance - Hong Kong's IPO market remained strong, with 69 new listings in the first three quarters of 2025, raising a total of HKD 188.3 billion, more than three times the amount raised in the same period of 2024 [8] - In the third quarter of 2025, 25 new companies listed, raising HKD 78.9 billion, with increases of 67% and 87% in the number of new listings and funds raised compared to the same quarter in 2024 [8] - The number of IPO applications in process reached 297, tripling from 84 at the end of 2024 [8] Strategic Developments - HKEX implemented several reform measures, including new regulations for IPO pricing and allocation to enhance market stability and balance investor participation [9] - The exchange successfully managed trading operations during adverse weather conditions, demonstrating its resilience as a global financial center [9]

Group 1 - The Hong Kong Stock Exchange (HKEX) announced a tender process for the audit work of the group for the year ending December 31, 2026, to maintain high standards of corporate governance [1] - After the completion of the tender process, the HKEX Board will appoint KPMG as the external auditor for the group for the year ending December 31, 2026, subject to approval by shareholders at the 2026 Annual General Meeting [1] - PricewaterhouseCoopers (PwC) has been reappointed as the auditor for the group to conduct the audit for the year 2025 at the Annual General Meeting scheduled for April 30, 2025, and will retire at the conclusion of the 2026 Annual General Meeting [1]

罗兵咸在于2025年4月30日举行的2025年股东周年大会上获续聘为核数师，为集团进行2025年度的审核 工作。罗兵咸将于2026年股东周年大会完结时退任核数师职务。 智通财经APP讯，香港交易所(00388)发布公告，有关就香港交易所及其附属公司(统称"集团")截至2026 年12月31日止年度的审核工作展开招标，以贯彻集团致力维持最高水平的企业管治。该招标程序完成 后，香港交易所董事会根据香港交易所稽核委员会的建议，议决委任毕马威会计师事务所为集团截至 2026年12月31日止年度的外聘核数师，有关委任须待香港交易所股东于2026年股东周年大会批准后方可 作实。 ...

罗兵咸在于2025年4月30日举行的2025年股东周年大会上获续聘为核数师，为集团进行2025年度的审核 工作。罗兵咸将于2026年股东周年大会完结时退任核数师职务。 格隆汇11月5日丨香港交易所(00388.HK)发布公告，董事会根据香港交易所稽核委员会的建议，议决委 任毕马威会计师事务所为集团截至2026年12月31日止年度的外聘核数师，有关委任须待股东于2026年股 东周年大会批准后方可作实。 ...

茲提述香港交易及結算所有限公司（「香港交易所」或「本公司」）於 2025 年 2 月 27 日 刊發的公告，當中披露（但不限於）有關就香港交易所及其附屬公司（統稱「集團」） 截至 2026 年 12 月 31 日止年度的審核工作展開招標，以貫徹集團致力維持最高水平的企 業管治。選定的會計師事務所（包括香港交易所現任核數師羅兵咸永道會計師事務所 （「羅兵咸」））獲邀請參與招標程序。 該招標程序完成後，香港交易所董事會（「董事會」）根據香港交易所稽核委員會的建 議，議決委任畢馬威會計師事務所為集團截至 2026 年 12 月 31 日止年度的外聘核數師， 有關委任須待香港交易所股東（「股東」）於 2026 年股東周年大會批准後方可作實。 根據《香港聯合交易所有限公司證券上市規則》第三十八章，證券及期貨事務監察委員會監管 香港交易及結算所有限公司有關其股份在香港聯合交易所有限公司上市的事宜。證券及期貨事務 監察委員會對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 建議更換核數師 於本公告日期，香港交易所董 ...

Hong Kong Exchanges and Clearing (HKEX), the operator of Asia's third-largest stock market, on Wednesday reported its best quarterly and nine-month earnings on record on the back of rising turnover and initial public offerings (IPOs). Net profit for the three months to September rose 56 per cent from a year earlier to HK$4.9 billion (US$628 million), or HK$3.88 per share, beating analysts' estimate of HK$4.7 billion, according to an exchange filing. It was HKEX's best quarterly profit, exceeding the HK$4 ...

Core Insights - Hong Kong Exchanges and Clearing Limited (HKEX) reported record high revenues and profits for the first three quarters of 2025, with total revenue and other income reaching HKD 21.851 billion, a 37% increase from the same period in 2024, and shareholder profit rising 45% to HKD 13.419 billion [1][2][4] Financial Performance - Total revenue and other income for the first three quarters of 2025 was HKD 21.851 billion, up 37% from HKD 15.993 billion in 2024 [2] - Major business revenue increased by 41% to HKD 20.438 billion [2] - The net investment income from the company's funds decreased by 8% to HKD 1.298 billion [2] - Operating expenses rose by 7% to HKD 4.453 billion [2] - EBITDA (non-HKFRS measure) increased by 48% to HKD 17.164 billion [2] - Basic earnings per share reached HKD 10.62, a 45% increase from HKD 7.33 in 2024 [2] Market Activity - The average daily trading volume in the cash market reached HKD 2,564 billion, more than double that of the first three quarters of 2024, while the derivatives market saw an 11% increase in average daily contracts traded [4] - The overall average daily trading amount for the first three quarters of 2025 was HKD 2,564 billion, a 126% increase from the same period in 2024 [4] - In September 2025, the average daily trading amount exceeded HKD 3,000 billion for the first time, reaching a record high of HKD 3,167 billion [4] Stock Market Performance - The Hong Kong IPO market remained strong, with 69 new listings in the first three quarters of 2025, raising a total of HKD 188.3 billion, more than three times the amount raised in the same period in 2024 [8] - In the third quarter of 2025, 25 new companies were listed, raising HKD 78.9 billion, with the number of new listings and funds raised increasing by 67% and 87% respectively compared to the same quarter in 2024 [8] - The number of IPO applications in process increased to 297 by September 30, 2025, tripling from 84 applications at the end of 2024 [8] Strategic Developments - HKEX implemented several reform measures, including new regulations for IPO pricing and public market rules aimed at enhancing the robustness of the IPO pricing and allocation mechanisms [9] - The first phase of lowering the minimum tick size was successfully implemented, with further phases planned based on the initial review [9] - HKEX demonstrated resilience during adverse weather conditions, maintaining smooth operations and high trading volumes [9]

Core Insights - Hong Kong Exchanges and Clearing Limited (HKEX) reported record high revenues and profits for the first three quarters of 2025, with total revenue and other income reaching HKD 21.851 billion, a 37% increase compared to the same period in 2024, and shareholder profit rising by 45% to HKD 13.419 billion [1][2][3] Financial Performance - Total revenue and other income for the first three quarters of 2025 was HKD 21.851 billion, up 37% from HKD 15.993 billion in 2024 [2] - Major business revenue increased by 41% to HKD 20.438 billion [2] - Shareholder profit reached HKD 13.419 billion, a 45% increase from HKD 9.270 billion in 2024 [2] - EBITDA rose by 48% to HKD 17.164 billion [2] - Basic earnings per share increased by 45% to HKD 10.62 [2] Market Activity - The average daily trading amount in the cash market reached HKD 2.564 billion, more than double that of the same period in 2024, with a record high of HKD 3.167 billion in September 2025 [3] - The average daily trading volume for the Stock Connect program saw significant growth, with average daily trading amounts of RMB 2.064 billion and RMB 1.259 billion for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects, respectively, both marking historical highs [4] IPO Market - The Hong Kong IPO market remained robust, with 69 new listings in the first three quarters of 2025, raising a total of HKD 188.3 billion, more than three times the amount raised in the same period in 2024 [5] - In Q3 2025, 25 new companies were listed, raising HKD 78.9 billion, with increases of 67% in the number of new listings and 87% in capital raised compared to Q3 2024 [5] - The number of IPO applications in process reached 297, tripling from 84 at the end of 2024 [5] Strategic Developments - HKEX is implementing various strategic reforms to enhance market diversification and liquidity, aiming to build a diversified asset ecosystem for long-term development [1][6] - New regulations for IPO pricing and public market rules were introduced to improve the robustness of the pricing and allocation mechanisms [7] - HKEX successfully managed trading operations during adverse weather conditions, demonstrating its resilience as a global financial center [7]