“HKEX had a strong third quarter, achieving its second-best ever nine-month revenue and profit. The vibrancy and diversity of Hong Kong’s markets were on full display in late September, as investor sentiment turned more favourable following the announcement of economic stimulus measures in Mainland China, as well as the monetary easing policies adopted by major central banks. This drove strong volumes in all our markets, with multiple daily records achieved across the Cash, Derivatives, ETP and Northbound and Southbound Stock Connect markets. Furthermore, the Commodities market extended its robust performance in the third quarter, reporting a 25 per cent year-on-year gain in LME chargeable average daily volumes during the nine-month period, contributing to the strength in the Group’s results during this period.

 

The recent listing on the Exchange of Asia’s largest and the world’s second-biggest IPO this year, along with the strength of follow-on offering volumes, underscore the depth and attractiveness of our markets, whilst a healthy listing pipeline reinforces our position as the region’s IPO fundraising centre of choice. Moreover, Alibaba’s conversion to a dual primary listing, and its subsequent inclusion in Stock Connect, highlights how such a structure can help companies effectively tap into Mainland China’s capital pool and enhance liquidity.

 

As part of our strategic efforts, HKEX successfully implemented Severe Weather Trading arrangements in the Securities and Derivatives Markets. This reinforces Hong Kong’s status as the best-in-class international trading and risk management hub, aligning us with global standards. Additionally, we enhanced the Self-Match Prevention service in the Derivatives Market, and introduced Weekly Hang Seng TECH Index Options.

 

Looking ahead, we remain steadfast in our commitment to further enhancing the vibrancy, resilience, and competitiveness of our markets. By continuously expanding our product offerings, forging international partnerships, and investing in our infrastructure, we are well positioned to navigate the evolving macro-environment and propel sustained growth. We look forward to working closely in partnership with our stakeholders in Hong Kong, and around the world, to ensure that our markets remain fit for purpose for the next generation of investors."

 

Bonnie Y Chan, CEO