Nan Fang Du Shi Bao·2025-06-20 13:54Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) celebrates its 25th anniversary, highlighting its role in connecting China and the world, and its continuous reforms to enhance the capital market [1][3][8]. Group 1: Achievements and Developments - HKEX has transformed from a local exchange to an international financial market with a diverse investor base and a rich product ecosystem over the past 25 years [8]. - The average daily trading volume in the securities market has increased from HKD 13 billion in 2000 to over HKD 240 billion in 2025, representing a growth of more than 17 times [12]. - The derivatives market has seen significant growth, with an average daily trading volume of 1.76 million contracts in 2025, compared to just 37,500 contracts in 2000 [12]. - HKEX has maintained its position as the world's leading fundraising market, completing 31 initial public offerings (IPOs) in 2025 with a total fundraising amount exceeding HKD 88.4 billion [12]. Group 2: Future Initiatives and Collaborations - HKEX is committed to promoting market connectivity and sustainable development, welcoming collaboration with mainland exchanges to enhance mutual access [5][8]. - The Hong Kong government has implemented reforms that have reshaped the listing system, including the introduction of the "mutual access mechanism" and specific regulations that have created new opportunities for market participants [10]. - HKEX announced a new charitable initiative with a donation of at least HKD 25 million to support caregivers, reflecting its commitment to community support [12].