Core Insights - Hong Kong Stock Exchange (HKEX) has grown significantly over 25 years, with a market capitalization of HKD 496 billion as of June 20, 2025, up from HKD 8.6 billion in 2000, representing an increase of over 56 times [1][2] - The number of listed companies on the Hong Kong Stock Exchange has increased from 790 to over 2,600 [1][2] - Mainland enterprises now account for 81% of the total market capitalization of Hong Kong stocks, indicating a strong presence of Chinese companies in the market [1][6] Market Development - The total market capitalization of the Hong Kong stock market rose from HKD 4.86 trillion at the end of 2000 to HKD 40.9 trillion by the end of May 2025 [3] - Daily trading volume in the Hong Kong stock market averaged HKD 242.3 billion in the first five months of 2025, a year-on-year increase of 120% [3] - The average daily trading volume for derivative warrants and bull/bear certificates also saw significant increases of 66% and 87%, respectively [3] Strategic Initiatives - HKEX has embraced reforms such as the introduction of dual-class shares and special listing rules for technology companies, enhancing its appeal to new economy firms [1][4] - The exchange has established mechanisms like the Stock Connect and Bond Connect to facilitate cross-border trading and improve market liquidity [1][6] - Future plans include upgrading trading and settlement systems, diversifying product offerings, and enhancing services to attract global capital [6][8] Future Outlook - HKEX aims to continue its role as a "super connector" between mainland China and global markets, focusing on innovative and high-quality enterprises [2][8] - The exchange is expected to promote investment opportunities in technology and new consumption sectors to international investors [8] - The introduction of the "H+A" listing model is anticipated to foster better interaction between A-shares and Hong Kong stocks, further expanding the market [7]

6月20日，香港交易所将举行25周年庆祝典礼。 在这一日期前夕，6月19日，香港交易所主席唐家成重磅发声。他表示，香港与内地市场多年来的紧密连系，一直为两地资本市场创造双赢局面。这二十五年来， 香港交易所致力为香港建设一个极具韧性及活力的市场，并借着"互联互通"推动中国与世界的市场更紧密连接，亦努力实践可持续发展的承诺。 唐家成 在回望过去取得的成果外，唐家成表示，更希望借此机会展望满载机遇的未来。香港交易所深信，香港和香港交易所作为超级联系人的角色会显得更重要，将中 国、亚洲及世界新兴资本和创新企业连接起来，释放绿色转型所蕴藏的巨大潜力。 独一无二的联通桥梁 唐家成介绍，他在八十年代初回流香港，见证着香港经济起飞，一步步从一个制造业中心发展成为今天的国际金融中心，更成为中国与世界的重要桥梁。 唐家成表示，他曾于九十年代初参与首批内地公司在香港上市的准备工作，当中亦有不少亲身体会。回想当年，将这些公司引入香港市场是极具开创性的大胆举 措，过程也自然极不容易。他当时工作的公司要动员好几百名会计师、顾问处理这项任务，不过他们也是首次处理内地企业上市，大家摸着石头过河。 "但最后我们成功了——我们参与的首家内地在港 ...

Hong Kong Exchanges and Clearing (00388) Q4 2024 Earnings Call March 17, 2025 06:12 AM ET Company Participants Ricky Choi - Managing Director, Head of Group Strategy & Investor RelationsBonnie Y CHAN - CEOVanessa LAU - COO & Group CFOGary Lam - Head of Greater China Financials ResearchGurpreet Sahi - Executive DirectorKatherine NG - Head of ListingMichael Li - Managing Director Conference Call Participants Charles Zhou - Stock Analyst Ricky Choi Good afternoon, ladies and gentlemen. Welcome to HKEX twenty t ...