
"Blue Chip" HKEX: The Exchange's average daily trading volume increased by nearly 90% last year to a record high of HKD 249.8 billion
HKEX (00388.HK) achieved record high revenue, other income, and profit for the second consecutive year in 2025, with spot, derivatives, and commodities market trading volumes reaching new highs, driving growth in trading and settlement fee income. Last year, the trading records for the spot market, derivatives market, exchange-traded products (ETP) market, and Stock Connect all set new highs, with the average daily trading amount in the spot market exceeding HKD 300 billion for the first time in September, reaching a monthly record of HKD 316.7 billion.
By the end of last year, the average daily trading amount on the exchange reached HKD 249.8 billion, an increase of nearly 90% year-on-year, setting a new high. Among them, the average daily trading amount of equity securities products reached HKD 231.5 billion, an increase of nearly 93%, setting a new high; the average daily trading amount of derivative warrants, bull-bear certificates, and warrants recorded HKD 18.3 billion, an increase of over 55%.
For the whole year, the average daily trading amount of the Shanghai Stock Connect and Shenzhen Stock Connect was RMB 212.4 billion, a year-on-year increase of 42%, while the average daily trading amount of the Hong Kong Stock Connect increased by over 151% to RMB 121.1 billion, both setting new highs. The average daily trading amount of the Bond Connect northbound was RMB 39 billion, a year-on-year decrease of nearly 6.3%.
In 2025, the average daily trading volume of stock options contracts on the exchange reached 880,000 contracts, a year-on-year increase of 22%, setting a new high. The LME also showed positive results, with the average daily trading volume of fee-paying metal contracts reaching a record 717,000 lots, an increase of 8% year-on-year. Additionally, the average daily trading volume of derivative contracts on the futures exchange was 783,000 contracts, a year-on-year decrease of 5.7%.
Last year, HKEX regained its position as the world's leading center for new stock financing, ranking first globally in new stock fundraising, with a total of 119 new stocks listed and total fundraising amounting to HKD 286.9 billion, an increase of 226% compared to 2024, with two newly listed companies making it into the top five global new stocks of 2025. Group CEO Charles Li stated that entering 2026, the number of new stock listing applications remains robust, with over 400 applications currently being processed, which is expected to solidify Hong Kong's position as a leading global hub for new stock fundraising

