来源：格隆汇APP 他续指，新股活跃、资金汇聚以及交投畅旺，也利好了A股的表现，香港与内地资本市场出现良好的联 动效应。据港交所的统计，自去年9月以来，14家H股在港上市后，其在内地相关的A股日均成交额，整 体涨了28%，其A股股价亦平均上升了15%。可见，更多优质、计划出海的内地企业赴港上市，不但有 助加快其国际业务的布局、增加营收、提升国际知名度和可见度，更可让香港与内地金融市场更好的相 互成就。 格隆汇9月28日｜香港财政司司长陈茂波在网志表示，今年以来香港金融市场表现亮眼。例如，新股集 资(IPO)总额至今接近1500亿港元，全球排首位，而且国际长线资金参与度明显增加。港股气氛畅旺， 恒生指数今年来累计上升超过30%；交投创历史新高，每日平均成交额超过2500亿港元。今年首8个 月，上市公司的再融资额更为IPO集资额的接近3倍，反映香港市场的深度与活跃度。 ...

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has achieved record-high profits in the first half of the year, driven by increased trading activity and the expansion of its services, presenting a historical opportunity for quality mainland enterprises to list in Hong Kong, which is expected to enhance HKEX's long-term profitability [1][3]. Summary by Relevant Sections Financial Performance - HKEX's revenue and net profit for the first half of 2025 are projected to be HKD 14.08 billion and HKD 8.52 billion, respectively, representing year-on-year increases of 32.5% and 39.1% [1]. - The trading-related income has significantly contributed to the company's performance, with trading fees and system usage fees increasing by 49% and 48% year-on-year, contributing 47% and 30% to revenue growth [2]. - The average daily turnover (ADT) in the Hong Kong cash market reached HKD 240.2 billion, a year-on-year increase of 118% [2]. Growth Drivers - The growth of HKEX is attributed to the expansion of the Hong Kong stock market and the broadening of its service boundaries, with an increasing number of quality mainland enterprises seeking to list in Hong Kong [3]. - The company's business model allows for long-term performance growth in line with the expansion of the Hong Kong stock market, with revenue stability around 1.2% of the total market capitalization since 2015 [3]. Market Outlook - The expectation of improved overseas liquidity and domestic economic stabilization policies is anticipated to further enhance trading and financing activities in the Hong Kong stock market, driving revenue growth beyond expectations [1]. - The ongoing internationalization of mainland enterprises and supportive external policies are expected to attract more quality companies to list in Hong Kong, thereby increasing the market's appeal [3].