Top Page
Hong Kong Exchanges & Clearing
(OTC:0388)
Hong Kong Exchanges & Clearing (0388) vs. iShares MSCI Hong Kong ETF (EWH)
Hong Kong Exchanges & Clearing Business Overview & Revenue Model
Hong Kong Exchanges & Clearing Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 17.74B | 17.35B | 15.45B | 16.93B | 19.47B | 16.84B | Gross Profit |
| 14.20B | 12.94B | 11.46B | 13.30B | 15.66B | 13.12B | EBIT |
| 12.92B | 14.88B | 13.51B | 11.73B | 14.91B | 13.44B | EBITDA |
| 14.40B | 22.15B | 14.95B | 13.34B | 16.39B | 14.77B | Net Income Common Stockholders |
| 11.42B | 13.05B | 11.86B | 10.08B | 12.54B | 11.51B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 328.61B | 230.91B | 224.70B | 276.39B | 342.33B | 328.61B | Total Assets |
| 399.11B | 381.63B | 341.18B | 406.05B | 399.30B | 399.11B | Total Debt |
| 2.78B | 1.29B | 1.60B | 1.75B | 2.06B | 2.78B | Net Debt |
| -155.22B | -133.07B | -123.50B | -183.22B | -179.30B | -155.22B | Total Liabilities |
| 349.87B | 327.22B | 289.38B | 355.95B | 349.39B | 349.87B | Stockholders Equity |
| 48.92B | 53.85B | 51.34B | 49.73B | 49.63B | 48.92B |
| Cash Flow | Free Cash Flow | ||||
| 1.43B | 11.17B | 10.11B | 13.67B | 11.27B | 13.42B | Operating Cash Flow |
| 1.43B | 12.77B | 11.50B | 14.96B | 12.34B | 14.77B | Investing Cash Flow |
| 0.00 | 3.19B | -6.29B | -1.70B | 2.28B | -7.48B | Financing Cash Flow |
| 0.00 | -11.26B | -11.25B | -10.37B | -12.67B | -7.47B |
Hong Kong Exchanges & Clearing Technical Analysis
Hong Kong Exchanges & Clearing Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £152.74B | 10.21 | 10.86% | 5.93% | -3.40% | -7.51% | |
82 Outperform | $1.78T | 4.89 | 10.81% | 6.16% | -3.79% | -0.62% | |
79 Outperform | $503.89B | 35.56 | 27.96% | 2.37% | 19.20% | 24.01% | |
78 Outperform | $2.57T | 5.19 | 8.66% | -3.41% | -0.73% | ||
77 Outperform | HK$1.66T | 5.34 | 9.57% | 5.69% | 6.59% | -0.89% | |
72 Outperform | $966.20B | 6.62 | 5.69% | 11.71% | 37.04% | ||
64 Neutral | $12.67B | 9.74 | 7.58% | 17015.08% | 12.21% | -6.96% |
Hong Kong Exchanges & Clearing Corporate Events
Hong Kong Exchanges and Clearing Limited (HKEX) announced the approval and immediate effect of its new Articles of Association by the Securities and Futures Commission on May 19, 2025. This development marks a significant step in HKEX’s corporate governance, potentially impacting its operational framework and stakeholder relations.
The most recent analyst rating on (HK:0388) stock is a Buy with a HK$349.00 price target. To see the full list of analyst forecasts on Hong Kong Exchanges & Clearing stock, see the HK:0388 Stock Forecast page.
HKEX has announced the appointment of Mr. Hui Leung Wah, Herbert as the new Group Chief Financial Officer, effective June 9, 2025. Mr. Hui, who brings over 35 years of experience in financial management and corporate finance, will oversee the financial, treasury, and investor relations functions of the group. This strategic appointment is expected to strengthen HKEX’s financial leadership and enhance its operations, potentially impacting its market positioning and stakeholder relations positively.
The most recent analyst rating on (HK:0388) stock is a Buy with a HK$349.00 price target. To see the full list of analyst forecasts on Hong Kong Exchanges & Clearing stock, see the HK:0388 Stock Forecast page.
Hong Kong Exchanges and Clearing Limited (HKEX) announced the re-appointment of Mr. Carlson Tong as the Chairman of the Board of Directors, following approval from the Chief Executive of the Hong Kong Special Administrative Region. This decision is expected to provide continuity in leadership and strategic direction for HKEX, potentially impacting its operations and stakeholder relations positively.
At the 2025 Annual General Meeting of HKEX, all proposed resolutions were passed, including the election of Peter Wilhelm Hubert Brien as a Director and the re-appointment of PricewaterhouseCoopers as Auditor. The meeting also saw the retirement of Mr. Apurv Bagri and Ms. Nisa Leung from the Board, with Ms. Ding Chen appointed by the Hong Kong Government as a new Director. These changes in the directorate are expected to influence HKEX’s strategic direction and governance. The adoption of new Articles of Association was approved, pending further approval from the Securities and Futures Commission, which may impact the company’s operational framework.
HKEX has announced the re-appointment of Mr. Carlson Tong as the Chairman of the Board, pending approval from the Chief Executive of the Hong Kong Special Administrative Region. This decision, effective after the 2025 AGM, is expected to ensure continuity in leadership and potentially strengthen HKEX’s strategic positioning in the market.
HKEX has announced the composition of its Board of Directors, highlighting the roles and responsibilities of each member across nine committees. This organizational structure aims to enhance governance and operational efficiency, potentially impacting HKEX’s strategic direction and stakeholder engagement.
HKEX reported its best quarterly results on record for Q1 2025, driven by increased global interest in China and innovations in artificial intelligence. The company achieved record trading volumes across various markets, including cash, derivatives, and commodities, and saw a significant rise in IPO applications. Strategic initiatives, such as new partnerships and product launches, have bolstered HKEX’s market position, reinforcing its status as a top global fundraising venue and enhancing its connectivity with global markets.
HKEX has announced the acquisition of new premises for its permanent headquarters, involving a transaction of HK$6.3 billion. The purchase includes significant office space in Exchange Square, a prime location in Hong Kong’s central business district. This strategic move is expected to enhance HKEX’s operational capacity and reinforce its position as a leading financial hub. Additionally, a project management agreement has been established for enhancement works at the premises, with Hongkong Land contributing up to HK$400 million towards these improvements.
HKEX announced the forfeiture of unclaimed second interim dividends for 2018, amounting to HK$15,493,077.70, which will revert to the company. This move underscores HKEX’s adherence to its Articles of Association and may impact stakeholders who failed to claim their dividends within the stipulated timeframe.
HKEX has announced its upcoming annual general meeting scheduled for April 30, 2025, where shareholders will discuss key agenda items including the approval of financial statements, the election of a director, and the reappointment of PricewaterhouseCoopers as the auditor. Additionally, resolutions will be considered regarding the buyback of shares and the issuance of new shares, which could impact the company’s stock market activities and shareholder value.
HKEX has announced a Board of Directors meeting scheduled for April 30, 2025, to approve the unaudited consolidated results for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting stakeholders and market perceptions.
Hong Kong Exchanges and Clearing Limited (HKEX) announced the appointment of Ms. Ding Chen as a new member of its Board of Directors, succeeding Ms. Leung Nisa Bernice Wing-Yu. Ms. Ding, who has an extensive background in asset management and public service, will serve a two-year term starting from the conclusion of the 2025 annual general meeting. Her appointment is expected to bring valuable insights and expertise to the board, potentially impacting HKEX’s strategic direction and governance.
Hong Kong Exchanges and Clearing Limited (HKEX) reported its financial results for the year ending December 31, 2024, showing a significant increase in revenue and profit compared to the previous year. The company achieved a revenue of HKD 22,374 million, up from HKD 20,516 million in 2023, and a profit of HKD 13,155 million, an increase from HKD 11,981 million. This growth was driven by higher trading fees, clearing and settlement fees, and other revenue streams. The financial statements were audited without qualification, indicating strong financial health. The results underscore HKEX’s robust market positioning and its ability to generate substantial returns for shareholders.
In 2024, HKEX achieved record annual revenue and profit, driven by strategic initiatives such as enhancing market microstructure, expanding its product offerings, and increasing international engagement. The company plans to continue investing in future-ready capabilities to maintain market competitiveness and sustainability. Looking forward to 2025, HKEX anticipates that geopolitical and macroeconomic factors will influence global markets, but sees potential for economic revitalization due to favorable policies in Mainland China and interest rate cuts in major markets. Key developments in 2024 included the appointment of a new CEO and Chairman, plans to open an office in Riyadh, and the launch of various new products and services, reinforcing Hong Kong’s status as a leading financial hub.
Hong Kong Exchanges and Clearing Limited has announced a second interim dividend of HKD 4.9 per share for the financial year ending 31 December 2024. The ex-dividend date is set for 12 March 2025, with the payment date scheduled for 26 March 2025. This announcement reflects HKEX’s commitment to returning value to its shareholders and may positively impact investor sentiment, reinforcing its strong market positioning.