HKEX(HK:00388) Hua Er Jie Jian Wen·2025-11-05 06:21Core Insights - Hong Kong Stock Exchange (HKEX) reported record high net profit of HKD 4.9 billion in Q3 2025, driven by strong trading activity and an IPO boom [1][4][6] - Total revenue and other income for Q3 reached HKD 7.775 billion, a 45% increase year-over-year, with major business income rising by 54% [2][3][6] Financial Performance - Q3 2025 major business income was HKD 7.484 billion, up 54% from HKD 4.852 billion in Q3 2024 [2] - EBITDA for Q3 2025 was HKD 6.225 billion, reflecting a 59% increase from HKD 3.926 billion in the same period last year [2] - Basic earnings per share increased to HKD 3.88, a 56% rise compared to HKD 2.49 in Q3 2024 [2] Market Activity - The Hang Seng Index surged by 29% in Q3, leading to record trading volumes in stocks and derivatives [5][6] - Stock trading volume doubled in Q3, with mainland investors' trading volume through the Stock Connect mechanism increasing more than twofold [6][7] IPO and Fundraising - In the first nine months of 2024, 69 companies raised HKD 188.3 billion through IPOs, significantly higher than HKD 55.6 billion in the same period of 2023 [6][7] - Secondary market fundraising reached HKD 264.1 billion in the first nine months, with 297 active IPOs in the pipeline as of September 30 [7] Strategic Outlook - HKEX's CEO highlighted the exchange's ability to capture global diversification trends and the attractiveness of Chinese assets [4] - The positive sentiment towards Chinese assets and the influx of mainland companies listing in Hong Kong are expected to continue supporting HKEX's growth momentum [7]