智通财经网·2025-11-05 04:45Core Insights - Hong Kong Exchanges and Clearing Limited (HKEX) reported record high revenues and profits for the third quarter of 2025, continuing a trend of strong performance over three consecutive quarters [1][2] - The company capitalized on global asset diversification trends and the attractiveness of Chinese assets, leading to increased international capital inflow into the Hong Kong securities market [2] Financial Performance - For Q3 2025, HKEX's revenue and other income reached HKD 77.75 billion, a 45% increase compared to Q3 2024; EBITDA margin improved to 81%, up 7 percentage points; and net profit attributable to shareholders was HKD 49.00 billion, a 56% increase [1] - For the first three quarters of 2025, total revenue and other income amounted to HKD 218.51 billion, a 37% increase from the same period in 2024; EBITDA margin was 79%, up 5 percentage points; and net profit attributable to shareholders was HKD 134.19 billion, a 45% increase [1] Market Activity - The stock market maintained a leading global position with a high number of new stock listings, particularly in technology and other thriving sectors; the number of new stock applications reached 297 by September 30, 2025 [2] - Average daily trading volume in the cash market reached HKD 2,564 billion, more than double that of the first three quarters of 2024; the derivatives market saw an 11% year-on-year increase in average daily contract volume, reaching 1.7 million contracts [3] Strategic Initiatives - HKEX is focused on enhancing market liquidity and promoting global connectivity through strategic reforms, aiming to build a diversified asset ecosystem for the long-term development of Hong Kong's capital market [2] - The company is also benefiting from increased participation from mainland Chinese investors, contributing to record trading volumes in both the cash and derivatives markets [3]