HKEX(HK:00388) Xin Hua Wang·2025-08-20 14:57Core Insights - The average daily trading volume of the Shanghai-Hong Kong Stock Connect has reached RMB 171.3 billion, a year-on-year increase of 32% [1] - The Hong Kong Stock Exchange reported record half-year revenue and profit, driven by the robust performance of the stock connect mechanism and sustained inflow of southbound funds [1][3] - Southbound funds have accelerated their inflow into Hong Kong stocks, with a net purchase of HKD 35.876 billion on August 15, marking a historical single-day high [2] Group 1: Market Performance - The average daily trading volume of the Hong Kong Stock Connect for the first half of 2025 reached HKD 111 billion, nearly three times that of the first half of 2024, accounting for 23% of the spot market trading volume [1] - The average daily trading volume of the Hong Kong Stock Exchange's securities market for the first half of 2025 was HKD 240.2 billion, a year-on-year increase of 118% [3] - The revenue and other income of the Hong Kong Stock Exchange for the first half of the year was HKD 14.076 billion, a year-on-year increase of 33%, setting a record for half-year performance [3] Group 2: Investment Trends - The influx of southbound funds is changing the capital structure and participant composition of the Hong Kong stock market, with more long-term institutional investors becoming key players [2] - The current low valuation of Hong Kong stocks and the high dividend yield of certain blue-chip stocks are attracting mainland investors, making the market appealing for long-term capital [1][2] - The plan to include RMB-denominated stocks in the Hong Kong Stock Connect aims to deepen the interconnectivity between Hong Kong and mainland markets [3]