Group 1 - Hong Kong Stock Exchange (HKEX) reported record high revenue and net profit for Q1, with revenue at HKD 68.57 billion, a 32% year-on-year increase, and net profit at HKD 40.77 billion, a 37% increase [1][2] - Average daily trading value for Hong Kong stocks reached a new high of HKD 242.7 billion, while average daily trading value for Exchange Traded Products (ETPs) was HKD 39.4 billion [2] - The bond connect northbound trading also saw record average daily trading value, along with the settlement amount for the over-the-counter clearing company [2] Group 2 - The IPO activity in Q1 2025 continued the strong momentum from H2 2024, with 17 companies listed and total fundraising amounting to HKD 18.7 billion, nearly four times that of Q1 2024 [4] - HKEX is ranked among the top five global markets for new listings [4] Group 3 - During the annual general meeting, shareholders questioned the capability of PwC to continue as the external auditor, with a voting approval rate of 86.52% for their reappointment, lower than other resolutions which exceeded 90% [9] - HKEX stated that they will consider changing auditors in 2026, but will not do so in 2025 [9]

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) faced shareholder concerns regarding the continued appointment of PwC as its external auditor, particularly in light of recent issues related to the Evergrande incident and reported staff turnover at PwC [1] Group 1: Shareholder Concerns - A shareholder questioned PwC's capability and qualifications to continue as HKEX's external auditor due to the firm's recent dismissals by multiple companies following the Evergrande incident [1] - The shareholder expressed worries that the reported loss of a significant number of personnel at PwC could impact the quality of the auditing work [1] Group 2: HKEX's Response - HKEX responded by stating that the exchange is large and that the appointment of each auditor follows a detailed process, indicating that there will be no change in auditors until 2025 [1] - HKEX mentioned that discussions regarding a potential change in auditors for 2026 will take place in the coming months [1] Group 3: Voting Outcome - The resolution to appoint PwC as the external auditor was passed, but with a lower approval rate of 86.52%, compared to other resolutions which had approval rates above 90% [1]

上 市 公 司 非银金融 2025 年 04 月 30 日 香港交易所 (00388) ——成交额高增驱动业绩创新高，关注中概股回流、A+H 上市维持港股高活跃度 事件：4 月 30 日，港交所披露 1Q25 年报，业绩超预期。1Q25 港交所实现总营收 68.57 亿港元/yoy+32%； 主营收 63.15 亿/yoy+36%(剔除公司资金投资收益及慈善基金捐款收益)；净利润 40.77 亿港元 /yoy+37%/qoq+8%，1Q25 港交所 EBITDA 利润率为 78%/yoy+6pct。成交量高增驱动港交所 1Q25 总 营收、净利润均创同期历史新高，经营效率同比提升（雇员费用下降、EBITDA 利润率改善）。 财务数据及盈利预测 | 港元 | 2024 | 2025Q1 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 22374 | 6,857 | 27836 | 28802 | 29577 | | 同比增长率（%） | 9% | 32 | 24% | 3% | 3% | | 归母净利润（ ...

Q1 2025 Financial Performance - HKEX achieved record quarterly revenue and other income of HK$69 billion, a 32% increase year-over-year and a 7% increase quarter-over-quarter[8] - Profit attributable to shareholders reached HK$41 billion, up 37% year-over-year and 8% quarter-over-quarter[10] - Core business revenue increased by 36% compared to Q1 2024, reaching HK$63 billion[14] - EBITDA increased by 42% compared to Q1 2024, reaching HK$53 billion[14] - Basic earnings per share (EPS) increased by 37% year-over-year to HK$323[14] Business Highlights - Average daily turnover (ADT) on the Stock Exchange increased by 144% year-over-year[11, 56] - Average daily volume (ADV) of derivatives contracts reached a record 19 million, up 24% year-over-year[11, 37] - Northbound Stock Connect ADT increased by 44% year-over-year[11, 37] - Southbound Stock Connect ADT increased by 255% year-over-year, reaching a record quarterly high[11, 37] - LME ADV increased by 6% year-over-year[11, 37]

智通财经4月30日电，香港交易所信息显示，贝莱德（BlackRock）在美团-W的持股比例于04月24日从 5.51%升至6.04%。 ...

Group 1 - The core viewpoint of the article highlights that Hong Kong Exchanges and Clearing Limited (HKEX) experienced a significant increase in its stock price, rising over 2% [1] - The net profit for Q1 reached HKD 40.77 billion, marking a year-on-year growth of 37% [1]

Core Insights - The Hong Kong Stock Exchange (HKEX) reported record highs in average daily trading amounts for the first quarter, with figures reaching 2,427 billion HKD for total trading, 1,099 billion HKD for Stock Connect, and 394 billion HKD for Exchange-Traded Products (ETPs) [1] Group 1 - The average daily trading amount for the Hong Kong Stock Exchange reached a new high of 2,427 billion HKD [1] - The average daily trading amount for Stock Connect also hit a record high of 1,099 billion HKD [1] - The average daily trading amount for ETPs reached a new peak of 394 billion HKD [1]

我们也在2025年大力开展多项战略举措。我们与迅清结算有限公司建立了新的合作伙伴关系，致力于丰 富固定收益及货币产品生态圈;我们也推出新产品，为市场注入更多活力和流动性;我们继续拓展认可证 券交易所的范围，容许更多地区的企业来香港第二上市。 展望未来，我们将继续善用立足中国的独特优势，扩大与全球市场的联系，提升我们的渠道、平台及产 品，确保我们有能力抵御宏观环境波动和把握未来机遇。" 集团行政总裁陈翊庭表示： "香港交易所今年开局表现强劲，2025年第一季创下集团历来最佳季度业绩。2024年下半年，全球对投 资中国机遇的热情回升，并在人工智能和其他创新发展的推动下持续增强，让我们的市场在2025年依然 保持活跃。与此同时，随着中国内地投资者更积极地参与离岸市场，我们的现货市场及衍生产品市场成 交量均创下新高。本季度有16个交易日成交量超过3,000亿元，多隻期货及期权合约的成交量和未平仓 合约张数均创单日新高。商品市场亦稳健增长，2025年第一季LME成交量创下11年来第二高的季度水 平。 本季度香港市场的融资活动持续活跃，突显了香港市场的吸引力，新股市场融资额位列全球前五，并迎 来自2021年4月以来融资额 ...

Group 1 - The core point of the article is that Hong Kong Exchanges and Clearing Limited reported a net profit of HKD 4.08 billion for the first quarter, exceeding the forecast of HKD 3.99 billion [1] - The company's total revenue and other income reached HKD 6.86 billion, surpassing the expected HKD 6.77 billion [1] - Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to HKD 5.25 billion, slightly above the forecast of HKD 5 billion [1]

智通财经4月30日电，香港交易所第一季度净利润40.8亿港元，预估39.9亿港元。 ...