港交所多项市场数据创新高

Core Insights - Hong Kong Stock Exchange (HKEX) has implemented various measures to enhance market activity, resulting in significant performance improvements in 2025 [1][2] - The exchange aims to continue enhancing its platform, infrastructure, and product offerings to provide diverse options, ample liquidity, and efficient connectivity for investors and issuers [1] Market Performance - In the first half of 2025, HKEX achieved record highs in multiple market metrics, with an average daily trading amount of HKD 240.2 billion, a year-on-year increase of 118% [2] - The average daily trading volume for futures and options exceeded 1.7 million contracts, up 11% year-on-year [2] - The Hong Kong ETF market saw a significant increase, with an average daily trading amount of HKD 33.8 billion, rising 184% compared to the same period last year [2] - Northbound and southbound trading through the Stock Connect also reached record highs, with an average daily trading amount of RMB 171.3 billion, a 32% increase from the first half of 2024 [2] Revenue Growth - HKEX reported a record revenue and other income of HKD 14.076 billion in the first half of 2025, a 33% increase from the same period in 2024 [3] - The increase in trading activity significantly contributed to revenue growth, with trading fees and system usage fees reaching HKD 4.906 billion, up 49.11% year-on-year [3] - Clearing and settlement fees amounted to HKD 3.155 billion, reflecting a year-on-year growth of 48.47% [3] - Nearly 90% of HKEX's profits are allocated for dividends, with a total interim dividend of approximately HKD 7.6 billion [3] IPO Market - HKEX regained the top position globally in terms of fundraising in the first half of 2025, welcoming 44 new listings, a 716% increase year-on-year [4] - Notable IPOs included CATL, which raised HKD 41 billion, marking the largest IPO on HKEX since February 2021 [4] - The number of companies waiting to go public reached 207, indicating a robust pipeline for new listings [4] - The total amount raised through refinancing reached HKD 244.8 billion, the highest for a half-year since 2021 [4] Strategic Initiatives - HKEX is advancing several strategic initiatives to solidify its role as a global hub, including extending the duration of interest rate swap contracts to 30 years to meet diverse risk management needs [5] - Plans to include RMB-denominated stocks in the Stock Connect are underway, enhancing connectivity between Hong Kong and mainland markets [5] - The introduction of the "Specialized Technology Company Route" allows tech firms to submit IPO applications confidentially, promoting a more accessible listing process [6] - HKEX has expanded its product offerings, including new stock options and the first Nasdaq-100 ETF listed in Asia, enhancing investor choices [6] Future Outlook - Despite various external uncertainties, HKEX remains cautiously optimistic about the market outlook for the second half of 2025, with confidence in its ability to adapt to changing conditions [6][7]