HKEX(HK:00388) Xin Lang Cai Jing·2026-02-27 01:48Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) reported a significant increase in revenue and profit for the fiscal year 2025, driven by strong market activity and investor interest in the Asia-Pacific region [1][3]. Financial Performance - HKEX's total revenue and other income for 2025 reached HKD 29.161 billion, a 30% increase from 2024 [1][2]. - Shareholder profit attributable to the company was HKD 17.754 billion, reflecting a 36% year-on-year growth [1]. - The board declared an interim dividend of HKD 6.52 per share, a 33% increase, leading to a total annual dividend of HKD 12.52 per share [1]. Market Activity - The average daily trading volume in the stock market reached HKD 249.8 billion, a 90% increase compared to 2024 [8]. - The Hong Kong IPO market ranked first globally in 2025, with 119 new listings raising a total of HKD 286.9 billion, a 226% increase from the previous year [3][5]. - New economy sectors accounted for 66% of the total IPO fundraising, with significant contributions from biotech and specialized technology companies [5]. Strategic Developments - HKEX launched the "Tech Company Fast Track" to facilitate the listing of technology and biotech firms, which has attracted over 100 companies to apply [5][10]. - The exchange is focused on enhancing its strategic measures across various markets, including spot, derivatives, fixed income, and commodities [10]. - Future reforms include optimizing the IPO process and enhancing market efficiency, as outlined in the 2026-2027 budget proposal [11][12]. Investor Interest - There is a growing interest from global investors in the Asia-Pacific markets, with Chinese mainland and Hong Kong accounting for 75% of the trading volume in the region [3]. - The participation of mainland investors in the Hong Kong market has significantly increased, contributing to the strong performance of the stock and derivatives markets [8].