“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