Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) has evolved into a vital international financial market over the past 25 years, significantly enhancing its role as a connector between China and global markets, while promoting the internationalization of the Renminbi and supporting the development of the mainland market [2][3][5]. Market Growth - Since 2000, HKEX has seen its average daily trading volume in the securities market increase from 13 billion HKD to over 240 billion HKD, representing a growth of more than 17 times [3]. - The derivatives market has experienced even more remarkable growth, with an average daily trading volume of 1.76 million contracts this year, compared to just 37,500 contracts in 2000 [4]. - The total market capitalization of Hong Kong stocks surged from 3.92 trillion HKD in March 2022 to 40.93 trillion HKD in May 2025, an increase of over 9 times [4]. - The total dividends distributed by Hong Kong stocks increased from 90.7 billion HKD in 2000 to over 1.35 trillion HKD in 2024, marking a growth of over 10 times [4]. Role of Mainland Companies - HKEX has played a crucial role in attracting trillions of capital for mainland companies, creating a win-win situation for both Hong Kong and mainland markets [5][7]. - The number of listed companies in Hong Kong has grown from 790 in 2000 to over 2,600 today, with mainland enterprises accounting for 81% of the total market capitalization [7]. Future Outlook - HKEX aims to enhance its market attractiveness and competitiveness by continuously optimizing infrastructure, diversifying product offerings, and expanding its global footprint [9]. - The mutual market access mechanism has evolved from stocks to include bonds, ETFs, and interest rate swaps, with plans to further expand into real estate investment trusts [9]. - HKEX is focused on providing a robust financing platform to support the development of quality enterprises, emphasizing service to the real economy over ranking [9].