Hong Kong Exchanges and Clearing Ltd
HKEX:388
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Hong Kong Exchanges and Clearing Ltd
In the bustling heart of Hong Kong, where Eastern dynamism meets Western capitalism, stands the Hong Kong Exchanges and Clearing Ltd. (HKEX) — a powerhouse of financial prowess. Born in 2000 from the merger of the Stock Exchange of Hong Kong, the Hong Kong Futures Exchange, and the Hong Kong Securities Clearing Company, HKEX has grown to become one of the world's largest financial hubs. This prestigious platform serves as a gateway connecting China, one of the world’s fastest-growing economies, with global investors, facilitating seamless capital flow. The core of its operations revolves around the buying and selling of securities, derivatives, and commodities, with listings spanning a wide array of sectors from technology to finance, thus underpinning its role as a vital cog in the global financial machinery.
The financial heartbeat of HKEX is its ability to generate revenue through multiple streams. Primarily, it earns through listing fees, levied when companies seek to tap into the global capital pool by going public on its exchange. Trading fees, charged on transactions, add another robust layer to its income structure. Furthermore, the derivatives market provides significant revenue through contract trading and clearing services, as HKEX facilitates futures and options trading. On top of this, its strategic acquisitions, like the London Metal Exchange in 2012, have diversified its offerings, firmly entrenching its status as a multidimensional financial facilitator. Integral to its success is the Stock Connect program, allowing international investors to directly access Mainland China’s burgeoning markets, solidifying its role as an essential bridge between East and West.
In the bustling heart of Hong Kong, where Eastern dynamism meets Western capitalism, stands the Hong Kong Exchanges and Clearing Ltd. (HKEX) — a powerhouse of financial prowess. Born in 2000 from the merger of the Stock Exchange of Hong Kong, the Hong Kong Futures Exchange, and the Hong Kong Securities Clearing Company, HKEX has grown to become one of the world's largest financial hubs. This prestigious platform serves as a gateway connecting China, one of the world’s fastest-growing economies, with global investors, facilitating seamless capital flow. The core of its operations revolves around the buying and selling of securities, derivatives, and commodities, with listings spanning a wide array of sectors from technology to finance, thus underpinning its role as a vital cog in the global financial machinery.
The financial heartbeat of HKEX is its ability to generate revenue through multiple streams. Primarily, it earns through listing fees, levied when companies seek to tap into the global capital pool by going public on its exchange. Trading fees, charged on transactions, add another robust layer to its income structure. Furthermore, the derivatives market provides significant revenue through contract trading and clearing services, as HKEX facilitates futures and options trading. On top of this, its strategic acquisitions, like the London Metal Exchange in 2012, have diversified its offerings, firmly entrenching its status as a multidimensional financial facilitator. Integral to its success is the Stock Connect program, allowing international investors to directly access Mainland China’s burgeoning markets, solidifying its role as an essential bridge between East and West.
Record Results: HKEX delivered its best ever half-yearly revenue and profit in H1 2025, with both metrics surpassing previous records.
Revenue & Profit Growth: Revenue and other income grew 33% year-on-year to HKD 14.1 billion; profit after tax rose 39% to HKD 8.5 billion.
Dividend Hike: Interim dividend was raised 38% to HKD 6 per share, representing 90% of profit (ex-HKEX Foundation).
IPO Leadership: HKEX ranked as the top global IPO venue in H1 2025 with 44 IPOs raising over HKD 109 billion and a strong pipeline of about 200 companies.
Market Volumes: Cash market ADT more than doubled year-on-year to HKD 240 billion; derivatives and ETPs also hit record highs.
Southbound Surge: Mainland Southbound trading now makes up 23% of cash market turnover, with ADT almost tripling year-on-year.
Product & Infrastructure: New initiatives include enhancements to the listing mechanism, launch of new trading products, and strategic investment in a new headquarters.
Cautious Outlook: Management remains optimistic but aware of macro and geopolitical uncertainties; focus stays on diversification and innovation.
Management
Yiting Chan is a prominent executive associated with Hong Kong Exchanges and Clearing Ltd. (HKEX). She holds a pivotal role in the company, serving as the Head of Post-Trade. In this capacity, she oversees the post-trade operations, strategies, and initiatives, ensuring the smooth functioning and development of clearing and settlement processes which are crucial for maintaining market integrity and efficiency. Before assuming her current role, Yiting Chan has had an accomplished career with extensive experience in financial services. Her expertise spans across risk management, clearing, and settlement, which she has honed through various leadership positions in the industry. Her deep understanding of financial markets and post-trade processes significantly contributes to HKEX's role as a leading global exchange. Under her leadership, HKEX continues to innovate and enhance its post-trade infrastructure to meet evolving market demands and regulatory requirements. Her efforts are instrumental in reinforcing Hong Kong's position as a major international financial center.
Before assuming her current role, Yiting Chan has had an accomplished career with extensive experience in financial services. Her expertise spans across risk management, clearing, and settlement, which she has honed through various leadership positions in the industry. Her deep understanding of financial markets and post-trade processes significantly contributes to HKEX's role as a leading global exchange.
Under her leadership, HKEX continues to innovate and enhance its post-trade infrastructure to meet evolving market demands and regulatory requirements. Her efforts are instrumental in reinforcing Hong Kong's position as a major international financial center.
Ka Yan Yiu is an executive at Hong Kong Exchanges and Clearing Ltd. (HKEX), a leading financial services group in Hong Kong that operates a stock and futures exchange. In recent years, Mr. Yiu has been serving as the Chief Financial Officer (CFO) of the company. In this role, he is responsible for overseeing the finance function across various operations of HKEX, contributing to its strategic financial planning and management. With a strong background in finance and leadership, Ka Yan Yiu has played a significant part in HKEX's fiscal growth and operational success. His expertise continues to support the exchange in maintaining its competitive edge in a global financial market.
Richard Alan Wise is a notable figure associated with the Hong Kong Exchanges and Clearing Ltd (HKEX). He serves as the Group Chief Risk Officer, a critical role within the organization, where he is responsible for overseeing and managing the enterprise risk management framework. His duties include ensuring that the exchange's risk management practices align with industry standards and regulatory requirements. Richard brings with him a wealth of experience garnered from a distinguished career in the financial services sector. Prior to joining HKEX, he held various senior roles in risk management, primarily dealing with credit risk, operational risk, and market risk. His extensive background provides the necessary expertise to navigate complex risk environments, which is crucial for maintaining the stability and integrity of financial markets under HKEX's purview. His leadership has been instrumental in strengthening HKEX’s risk management frameworks and policies, ensuring they are robust enough to handle the rapidly changing financial landscape. This includes adaptation to new technologies and addressing emerging risks that could impact the global markets. Overall, Richard Alan Wise is considered a key leader within HKEX, contributing to the organization's mission to be a global market leader and a vital part of Hong Kong’s financial infrastructure.
Richard brings with him a wealth of experience garnered from a distinguished career in the financial services sector. Prior to joining HKEX, he held various senior roles in risk management, primarily dealing with credit risk, operational risk, and market risk. His extensive background provides the necessary expertise to navigate complex risk environments, which is crucial for maintaining the stability and integrity of financial markets under HKEX's purview.
His leadership has been instrumental in strengthening HKEX’s risk management frameworks and policies, ensuring they are robust enough to handle the rapidly changing financial landscape. This includes adaptation to new technologies and addressing emerging risks that could impact the global markets.
Overall, Richard Alan Wise is considered a key leader within HKEX, contributing to the organization's mission to be a global market leader and a vital part of Hong Kong’s financial infrastructure.
Ms. Kit Shuen Ng is a key executive at Hong Kong Exchanges and Clearing Ltd. (HKEX), serving as the Group Chief Financial Officer. In this capacity, she plays a crucial role in overseeing the financial management and strategic financial planning of the company. With a strong background in finance and extensive experience in the field, Ms. Ng contributes significantly to the financial governance and strategic initiatives of HKEX. Her expertise includes financial reporting, risk management, and corporate finance, which are vital to the organization's success and stability in the competitive financial market landscape. Ms. Ng's leadership and financial acumen help ensure HKEX's operational efficiency and long-term growth.
John Hsu is a prominent executive associated with Hong Kong Exchanges and Clearing Ltd (HKEX). He serves as the Chief Operating Officer of HKEX, a role that positions him at the heart of one of the world's most significant financial markets. As COO, Hsu is responsible for overseeing the day-to-day operations of the organization, ensuring efficiency, and managing various operational aspects to support HKEX's strategic objectives. Hsu brings a wealth of experience in financial markets and technology to his role. Prior to joining HKEX, he has held several key leadership positions in different financial institutions, highlighting his capability in both operational management and strategic planning. He is recognized for his expertise in navigating complex regulatory environments and has played an instrumental role in implementing technology-driven solutions to enhance operational efficiencies. His leadership style is characterized by a strong focus on innovation, collaboration, and promoting a culture of excellence. Under his guidance, HKEX has sought to leverage technology and data to improve market infrastructure and offer new products and services. Hsu holds a significant standing in the finance community, not only for his contributions to HKEX but also for his active role in advancing the financial markets sector in Asia. His insights and leadership are crucial to HKEX as it continues to grow and adapt in the rapidly changing global financial landscape.
Hsu brings a wealth of experience in financial markets and technology to his role. Prior to joining HKEX, he has held several key leadership positions in different financial institutions, highlighting his capability in both operational management and strategic planning. He is recognized for his expertise in navigating complex regulatory environments and has played an instrumental role in implementing technology-driven solutions to enhance operational efficiencies.
His leadership style is characterized by a strong focus on innovation, collaboration, and promoting a culture of excellence. Under his guidance, HKEX has sought to leverage technology and data to improve market infrastructure and offer new products and services.
Hsu holds a significant standing in the finance community, not only for his contributions to HKEX but also for his active role in advancing the financial markets sector in Asia. His insights and leadership are crucial to HKEX as it continues to grow and adapt in the rapidly changing global financial landscape.
Mr. Koon Ying Chow is a prominent figure at Hong Kong Exchanges and Clearing Ltd. (HKEX), where he plays a significant role in the organization's operations and strategic direction. As an accomplished executive with extensive experience in the financial industry, Mr. Chow has contributed to HKEX's position as a leading global marketplace. He has been involved in various initiatives to enhance the exchange's trading infrastructure and expand its market offerings, addressing the evolving needs of local and international investors. His leadership experience and deep understanding of financial markets have been instrumental in navigating the challenges and opportunities facing HKEX. Additionally, Mr. Chow's insights have been valuable in fostering collaborations and partnerships that strengthen HKEX's role as a vital link between Asian and global markets.
Ms. Sharon Cheng serves as the Chief Executive Officer at Hong Kong Exchanges and Clearing Limited (HKEX). She plays a pivotal role in shaping the strategic direction and operational excellence of the exchange. With a focus on enhancing market infrastructure and expanding HKEX’s global reach, Ms. Cheng is instrumental in driving innovation and integrating sustainable practices into the business framework. Her extensive experience in the financial sector and her leadership qualities contribute significantly to HKEX’s position as a leading global financial exchange. Before her tenure at HKEX, she held notable leadership roles in various financial institutions, where she developed expertise in market dynamics, regulatory compliance, and stakeholder engagement.
Chunmeng Xu serves as an executive at Hong Kong Exchanges and Clearing Ltd (HKEX). She holds the position of Channel Director in the Sales and Marketing Department. Ms. Xu is responsible for overseeing the development and management of strategic channels and partnerships that support the global promotion and accessibility of HKEX's products and services. Ms. Xu has a solid background in finance and marketing, bringing a wealth of experience to her role. She plays a crucial role in expanding HKEX's reach by identifying market trends and leveraging opportunities to enhance the company's visibility in the competitive financial landscape. Through her strategic leadership, she contributes to driving the growth and innovation at HKEX. Her role involves collaborating with various stakeholders, including institutional clients, to ensure HKEX meets their evolving needs while maintaining robust relationships within the financial industry. Additionally, Ms. Xu is known for her dedication to advancing HKEX’s strategic initiatives and reinforcing its position as a leading global marketplace.
Ms. Xu has a solid background in finance and marketing, bringing a wealth of experience to her role. She plays a crucial role in expanding HKEX's reach by identifying market trends and leveraging opportunities to enhance the company's visibility in the competitive financial landscape. Through her strategic leadership, she contributes to driving the growth and innovation at HKEX.
Her role involves collaborating with various stakeholders, including institutional clients, to ensure HKEX meets their evolving needs while maintaining robust relationships within the financial industry. Additionally, Ms. Xu is known for her dedication to advancing HKEX’s strategic initiatives and reinforcing its position as a leading global marketplace.