In a statement, the city’s bourse operator reported its profits for 2025 were 36 percent higher year on year at around HK$17.7 billion, compared to the previous record of HK$13 billion seen in 2024.
Revenues and other income, meanwhile, rose to HK$29.1 billion, up 30 percent year on year, among which core business revenues were up by 32 percent from a year earlier to stand at HK$27.1 billion.
The gains were boosted by enthusiasm for tech breakthroughs and market reforms on the mainland, which reignited investor sentiment in investing in China-related shares last year, a statement said.
“In 2025, HKEX reinforced its role as a global super-connector, regained its position as the world’s leading venue for IPOs and set new trading as well as financial performance records,” HKEX chief executive Bonnie Chan said in the statement.
“While we expect volatility to persist amid the prevailing macro landscape in 2026, we also see cause for optimism in capital markets as global investors adjust to the ongoing uncertainty of an increasingly multipolar world by seeking diversification and risk management opportunities in Asian, and specifically Chinese, assets,” she added.
Chan said HKEX’s ongoing strategic investments would support the SAR in further consolidating its role as a global financial centre, while facilitating capital flows in Asia as well as the world.
The group declared a second interim dividend of HK$6.52 per share, bringing the annual total to HK$12.52 cents, up 35 percent year on year, while maintaining a payout ratio of 90 percent of profits.
Echoing Chan, HKEX’s chairman Carlson Tong noted that 2025 saw “outstanding achievements” by the group, with new trading records as well as the celebration of HKEX’s 25th anniversary.
“As a leading global financial markets infrastructure group, we will continue to build on our unique China strength, while strengthening our global and regional connectivity and enhancing the competitiveness, vibrancy and future-readiness of our markets,” Tong said.
Average daily trading turnover last year reached HK$249.8 billion, 90 percent higher than 2024.
Initial public offerings (IPOs) from 119 firms together raised over HK$286.9 billion during the year, 226 percent higher than the figures for 2024, giving the SAR top spot in the global IPO market.
Edited by Thomas McAlinden
