HK Stock Market Move | Hong Kong Stock Exchange (00388) rose by more than 3%, with both revenue and profit reaching record highs in the first quarter.
Hong Kong Stock Exchange (00388) rose more than 3%, as of the time of publication, it rose 3.05% to 351.2 Hong Kong dollars, with a turnover of 2.62 billion Hong Kong dollars.
Hong Kong Exchanges and Clearing Limited (00388) rose by more than 3%, reaching a 3.05% increase to HK$351.2 with a trading volume of HK$26.2 billion as of the press release.
In terms of news, HKEX recently released its quarterly performance for the three months ending March 31, 2025. The first quarter of 2025 saw an income and other income of HK$6.857 billion, an increase of 32% year-on-year, and a profit attributable to shareholders of HK$4.077 billion, an increase of 37% year-on-year. The quarterly performance hit a record high. JP Morgan pointed out that HKEX's first quarter performance was strong, mainly driven by the significant increase in securities and derivatives trading volume, as well as the growth in net interest income. However, looking into the future, JP Morgan believes that the daily trading volume may return to normal levels, maintaining a "neutral" rating and expecting continuous changes in market trading volume, as well as a clear timetable for the return of Chinese concept stocks, to be potential catalysts influencing HKEX's future stock performance.
According to a report by Securities Times, in response to the latest global changes, HKEX and the Hong Kong Securities and Futures Commission have made preparations in accordance with the instructions of the Special Administrative Region government and have been in contact with relevant companies. If Chinese concept stocks that are not yet listed in the Hong Kong market wish to return, they will provide appropriate guidance and assistance for their listing in Hong Kong. Specific measures will be adjusted according to specific circumstances to meet actual needs. In addition, to accommodate the latest economic trends and the needs of companies, the Hong Kong Securities and Futures Commission and HKEX are advancing a comprehensive review of the listing regime, including examining listing requirements and post-listing responsibilities; reviewing listing rules and arrangements to improve approval processes; and researching ways to optimize the requirements for primary and secondary listings. This review will further facilitate emerging industry companies and overseas companies listing in Hong Kong.
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