---
title: "In \"Major Banks,\" CICC expects HKEX's first-quarter revenue to increase by 8% year-on-year, with profits rising by 9%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282770922.md"
description: "CICC published a research report indicating that it expects the Hong Kong Stock Exchange's revenue for the first quarter of this year to be HKD 7.4 billion, an increase of 8% year-on-year and 1% quarter-on-quarter. It also expects the main business expense revenue to be HKD 6.27 billion, an increase of 14% year-on-year and 4% quarter-on-quarter. As for profit, it is expected to be HKD 4.43 billion, an increase of 9% year-on-year and 2% quarter-on-quarter. The firm maintains a target price of HKD 500 for the Hong Kong Stock Exchange, which corresponds to a forecasted price-to-earnings ratio of 34.7 times and 33.1 times for this year and next year, respectively, and continues to give it an \"outperform\" rating"
datetime: "2026-04-15T02:18:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282770922.md)
  - [en](https://longbridge.com/en/news/282770922.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282770922.md)
---

# In "Major Banks," CICC expects HKEX's first-quarter revenue to increase by 8% year-on-year, with profits rising by 9%

CICC published a research report indicating that it expects the Hong Kong Stock Exchange (00388.HK) to have a revenue of HKD 7.4 billion in the first quarter of this year, an increase of 8% year-on-year and 1% quarter-on-quarter. It also expects the main business expense revenue to be HKD 6.27 billion, an increase of 14% year-on-year and 4% quarter-on-quarter. As for profit, it is expected to be HKD 4.43 billion, an increase of 9% year-on-year and 2% quarter-on-quarter.

The firm maintains a target price of HKD 500 for the Hong Kong Stock Exchange, which corresponds to a forecasted price-to-earnings ratio of 34.7 times for this year and 33.1 times for next year, and continues to give it an "outperform" rating

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