Hong Kong Exchanges and Clearing (HKEX) released its 2026 interim results on Aug. 19, reporting record first-half numbers. Revenue and other income for the first six months reached HK$16.702 billion, up 19% year over year, while profit attributable to shareholders rose 24% to HK$10.568 billion.
HKEX shares closed at HK$414.6, up 2.37% following the results announcement.
Fundraising demand and trading activity lifted results
The exchange said the earnings were supported by strong corporate fundraising demand and rising volumes in cash equities, derivatives, and the Shanghai-Shenzhen-Hong Kong Stock Connect programs.
During the period, 87 new listings came to market, with total funds raised reaching HK$212.4 billion, a 94% increase from a year earlier.
Average daily turnover in the cash market rose 18% to HK$283 billion, the highest level for the same period on record. Average daily derivatives volume increased 6% to 1.8 million contracts. Average daily turnover through Shanghai Connect and Shenzhen Connect reached RMB 345.3 billion, more than double the year-earlier level.
Broker views and CEO reappointment
Goldman Sachs maintained a "buy" rating on HKEX, while JPMorgan kept its "overweight" call.
Before the earnings release, HKEX announced a three-year renewal for Chief Executive Bonnie Y Chan. Her new term will run from March 1, 2027 to Feb. 28, 2030, after receiving approval from the Hong Kong Securities and Futures Commission.
Settlement consultation and new products
During the period, HKEX pushed ahead with a consultation on shortening the stock settlement cycle, moved to simplify board lot sizes, introduced the first ETF tracking the "HKEX Tech 100 Index," and announced the launch of China government bond futures.
Responding to questions about extending trading hours, Chan said the derivatives market already operates until 3 a.m. the following day and would prioritize alignment with North American markets. She added that any changes to the cash market would require more detailed communication.