HKEX reports record H1 results amid booming IPOs
Hong Kong Exchanges and Clearing (HKEX) on Wednesday reported another record-breaking half-year result, with profits rising 24 percent year on year to nearly HK$10.6 billion. That came higher than analysts' estimates of HK$10.2 billion and surpassed last year's record interim earnings of HK$8.52 billion. Revenues and other income, meanwhile, stood at HK$16.7 billion during the January-to-June…
Hong Kong Exchanges and Clearing (HKEX) reported record half-year results on Wednesday, with profits increasing by 24% year-on-year to nearly HK$10.6 billion. Analysts had estimated profits at HK$10.2 billion, and this surpassed the previous year's record interim earnings of HK$8.52 billion. During the January-to-June period, revenues and other income totaled HK$16.7 billion, a 19% rise from the same period a year earlier.
Core business revenues also grew 19% to almost HK$15.5 billion, driven by record volumes across cash, derivatives, and commodities markets.
Bonnie Chan, HKEX's chief executive, attributed the strong performance to robust market sentiment and high fundraising demand from technology and AI-related companies. Despite ongoing macro and geopolitical uncertainties, Chan expressed confidence in the long-term opportunity for HKEX and Hong Kong. She highlighted that global capital is increasingly seeking access to China's innovation economy and Asia's growth prospects.
Through market reforms, enhanced connectivity, and the expansion of their multi-asset ecosystem, HKEX aims to strengthen market competitiveness, resilience, and attractiveness, reinforcing Hong Kong's status as a leading international financial center.
In the cash market, average daily trading turnover reached a record HK$283 billion, an 18% increase year-on-year. HKEX ranked second globally in initial public offering (IPO) activities, raising a total of HK$212.4 billion, a 94% year-on-year increase. The funds raised were from 87 new listings, doubling the number from the previous year.
HKEX announced an interim dividend of HK$7.43 per share, a 24% increase from last year's HK$6 per share. Profits for the second quarter alone rose 21% year-on-year to HK$5.38 billion, or about 4% higher compared to the first quarter. Revenues and other incomes grew 18% from a year ago to nearly HK$8.5 billion, a 1% increase on a quarterly basis.
Average daily trading turnover stood at HK$289.5 billion during the period, marking another record high in quarterly results.
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