Workflow
上半年港股新股集资额同比大涨8倍 助力港交所收入创历史新高超140亿港元

Core Viewpoint - Hong Kong Stock Exchange (HKEX) reported record high revenue and profit for the first half of 2025, with a significant increase in various business segments, indicating strong market performance and growth potential [1][2] Financial Performance - HKEX's revenue and other income for the first half of 2025 reached HKD 14.076 billion, a 33% increase compared to the first half of 2024 [1] - Shareholder profit attributable to the company was HKD 8.519 billion, up 39% from the previous year [1] - The main business revenue increased by 34% year-on-year, driven by record trading volumes in the cash and stock options markets [1] Business Growth - New stock fundraising in the first half of 2025 grew over eight times compared to the same period in 2024 [2] - Trading and settlement fees increased by 33% due to a significant rise in trading volumes [2] - The average daily trading amount for the Shanghai-Hong Kong Stock Connect reached RMB 171.3 billion, a 32% increase year-on-year [2] Market Initiatives - HKEX plans to implement several measures to enhance market competitiveness, including shortening the settlement cycle for the cash market and expanding the paperless listing mechanism [1] - The company aims to optimize IPO pricing regulations and introduce a phased reduction in the minimum tick size for securities trading [1] Investor Engagement - The participation of mainland investors in offshore markets is increasing, with the average daily trading amount for the Hong Kong Stock Connect reaching HKD 111 billion, nearly three times that of the previous year [2] - Revenue from the Shanghai-Hong Kong Stock Connect rose to HKD 18.13 billion, a record high for the first half of the year [2] Stock Performance - As of the report date, HKEX's stock price was HKD 453.4, reflecting a year-to-date increase of over 56%, with a total market capitalization of HKD 574.6 billion [2]