Business description: Hong Kong Exchanges and Clearing Limited

Hong Kong Exchanges and Clearing Limited is principally engaged in the operation of stock exchanges. The Company operates through five business segments. The Cash segment includes various equity products traded on the Cash Market platforms, the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The Equity and Financial Derivatives segment includes derivatives products traded on Hong Kong Futures Exchange Limited (HKFE) and the Stock Exchange of Hong Kong Limited (SEHK) and other related activities. The Commodities segment includes the operations of the London Metal Exchange (LME). The Clearing segment includes the operations of various clearing houses, such as Hong Kong Securities Clearing Company Limited, the SEHK Options Clearing House Limited, HKFE Clearing Corporation Limited, over the counter (OTC) Clearing Hong Kong Limited and LME Clear Limited. The Platform and Infrastructure segment provides users with access to the platform and infrastructure of the Company.

Number of employees: 2,497

Sales by Activity: Hong Kong Exchanges and Clearing Limited

Fiscal Period: December 2021 (HKD) 2022 (HKD) 2023 (HKD) 2024 (HKD) 2025 (HKD)

Cash

6.13B 5.06B 8.14B 9.41B 14.68B

Equity and Financial Derivatives

3.44B 3.18B 6.5B 6.2B 6.86B

Commodities

1.48B 1.34B 2.19B 2.77B 3.16B

Data and Connectivity

1.05B 1.14B 2.07B 2.12B 2.27B

Post Trade

8B 7.62B - - -

Corporate Items

721M -39M 1.5B 1.77B 1.89B

Geographical breakdown of sales: Hong Kong Exchanges and Clearing Limited

Fiscal Period: December 2021 (HKD) 2022 (HKD) 2023 (HKD) 2024 (HKD) 2025 (HKD)

Hong Kong

17.22B 14.94B 13.32B 14.67B 20.72B

United Kingdom

2.18B 1.89B 2.03B 2.6B 2.95B

Mainland China

72M 101M 92M 83M 77M

Executive Committee: Hong Kong Exchanges and Clearing Limited

Manager TitleAgeSince
Chief Executive Officer 57 2024-02-29
Director of Finance/CFO 63 2025-06-08
Director of Finance/CFO 53 2016-12-31
Chief Tech/Sci/R&D Officer 63 2017-06-01
Corporate Secretary - 2023-12-31

Composition of the Board of Directors: Hong Kong Exchanges and Clearing Limited

Director TitleAgeSince
Director/Board Member 72 2017-04-25
Director/Board Member 58 2017-04-25
Director/Board Member 72 2020-05-06
Director/Board Member 70 2021-04-27
Director/Board Member 58 2021-04-27
Director/Board Member 63 2021-04-27
Director/Board Member 57 2024-02-29
Chairman 71 2024-04-23
Director/Board Member 77 2023-04-25
Director/Board Member 72 2024-02-15

Shareholders: Hong Kong Exchanges and Clearing Limited

NameEquities%Valuation
Government of Hong Kong Special Administrative Region
5.903 %
74,840,961 5.903 % 4 009 M $
BlackRock Fund Advisors
2.924 %
37,065,892 2.924 % 1 985 M $
JPMorgan Investment Management, Inc.
2.078 %
26,348,454 2.078 % 1 411 M $
JPMorgan Asset Management (Asia Pacific) Ltd.
0.7599 %
9,633,911 0.7599 % 516 M $
BlackRock Investment Management (UK) Ltd.
0.5353 %
6,786,117 0.5353 % 364 M $
NameEquities%Valuation
Confluence Investment Management LLC
0.002332 %
29,563 0.002332 % 2 M $
RhumbLine Advisers LP
0.001724 %
21,860 0.001724 % 1 M $
GAMMA Investing LLC
0.000721 %
9,138 0.000721 % 489 486 $
Salomon & Ludwin LLC
0.000035 %
443 0.000035 % 23 730 $
Thurston, Springer, Miller, Herd & Titak, Inc.
0.000015 %
194 0.000015 % 10 392 $

Company details: Hong Kong Exchanges and Clearing Limited

Hong Kong Exchanges & Clearing Ltd.

Two Exchange Square

, Hong Kong

+852 2522 1122

http://www.hkex.com.hk
address Hong Kong Exchanges and Clearing Limited(388)

Group companies: Hong Kong Exchanges and Clearing Limited

NameCategory and Sector
Regional Banks
Regional Banks
Investment Managers
Investment Managers
Investment Banks/Brokers

Other Financial & Commodity Market Operators

Change 5d. change 1-year change 3-years change Capi.($)
+0.05%+3.13%+33.12%+17.15% 65.92B
-0.85%-1.46%+3.49%+50.97% 90.97B
-0.22%+0.54%-19.93%+11.79% 59.83B
-0.67%-1.21%-3.37%+38.55% 53.98B
-1.25%-4.03%+18.29%+52.92% 47.27B
+1.83%+4.95%+64.50%+78.83% 19.58B
+0.76%+1.12%+6.86%+103.37% 17.3B
+3.84%+5.45%+68.05%+121.77% 17.73B
-0.04%+2.06%+6.37%+85.25% 10.19B
+1.30%+3.11%+11.29%+124.81% 7.68B
Average +0.48%+1.37%+18.87%+68.54% 39.04B
Weighted average by Cap. -0.14%+0.28%+12.11%+47.06%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
408.40HKD
Average target price
518.29HKD
Spread / Average Target
+26.91%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 388 Stock
  4. Company Hong Kong Exchanges and Clearing Limited