Hong Kong Trading Fee Income Surges with Record High Amid Futures Contracts and Stock Market Rally
Record High Trading Fee Income in Hong Kong
Hong Kong trading fee income hit record levels due to a surge in futures contracts and an increasing number of stock market listings. Asia's third-largest stock exchange, HKEX, reported a remarkable 10% growth in net profit in 2024, achieving HK$13 billion (US$1.7 billion), marking a substantial increase from previous years.
Market Dynamics Boosting Revenue
The trading environment has been favorable as market turnover increased significantly, driven partly by China's stimulus measures and US interest rate adjustments. CEO Bonnie Chan Yiting emphasized the strategic achievements and strong market response throughout 2024, proposing a second interim dividend as a result of the financial performance.
- Average daily turnover rose 26% to HK$131.8 billion.
- Stock Connect scheme turnover also reached record highs.
- Companies raised HK$88 billion from IPOs, marking an 89% increase.
Future Outlook and Developments
As HKEX approaches its 25th anniversary as a listed company in 2025, optimism prevails for sustained growth and enhanced market structures. Plans for a dedicated technology enterprises channel are underway to support tech listings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.