Hong Kong Exchanges and Clearing Limited reported a 15% increase in its fourth-quarter net profit, driven by a rebound in listings and financing activities by mainland enterprises and a significant surge in stock trading.
HKEX achieved record-high profitability for the full year 2025. According to financial results released on Thursday, the exchange recorded a net profit of HKD 4.34 billion for the final quarter of the year. Core revenue grew by 11%, while revenue from stock trading surged by 22%.
The recovery in Hong Kong's IPO market and equity trading was fueled by enthusiasm surrounding artificial intelligence and growing investor interest in Chinese assets. Throughout the year, a total of 119 companies listed in Hong Kong, raising a combined USD 36.7 billion. This allowed Hong Kong to reclaim its position as the world's leading center for IPO fundraising. The Chief Executive of HKEX stated that in 2025, the exchange fully leveraged its role as a global super-connector, returning to the top spot for global IPO fundraising and achieving record highs in both trading volume and financial performance.