Core Insights - Hong Kong Stock Exchange (HKEX) reported record high revenue and profit for the first three quarters of 2025, with total revenue and other income reaching HKD 21.851 billion, a 37% increase compared to the same period in 2024, and shareholder profit rising to HKD 13.419 billion, up 45% year-on-year [1] Group 1: Financial Performance - Total revenue and other income for the first three quarters of 2025 was HKD 21.851 billion, a 37% increase from HKD 15.973 billion in 2024 [1] - Shareholder profit for the same period reached HKD 13.419 billion, reflecting a 45% increase from HKD 9.253 billion in 2024 [1] - Average daily trading volume in the cash market reached HKD 256.4 billion, more than double the amount in the first three quarters of 2024 [1] Group 2: Market Activity - The average daily trading volume for the third quarter of 2025 hit a record high of HKD 286.4 billion, more than double that of the third quarter of 2024 [1] - In September 2025, the average daily trading volume exceeded HKD 300 billion for the first time, reaching HKD 316.7 billion [1] - The average daily trading volume for the first three quarters of 2025 was HKD 256.4 billion, a 126% increase compared to the same period in 2024 [1] Group 3: Stock Connect and IPOs - The average daily trading volume for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect reached historical highs, with average daily trading amounts of RMB 206.4 billion and RMB 125.9 billion, respectively, representing increases of 67% and 229% year-on-year [2] - The total fundraising amount from IPOs in Hong Kong reached HKD 188.3 billion, more than three times that of the first three quarters of 2024, with 69 companies listed during this period [2] - HKEX's CEO emphasized the ongoing strategic reforms aimed at enhancing market diversification, liquidity, and global connectivity [2]