Latest news with #CarlsonTong
RTHK
19 hours ago
- Business
- RTHK
HKEX posts best-ever half-yearly results
HKEX posts best-ever half-yearly results HKEX says its half-yearly revenue and profit in the first six months were its best ever. Photo: RTHK Hong Kong Exchanges and Clearing (HKEX) on Wednesday posted its best-ever half-yearly revenue and profit for the first six months of the year, following a stock market boom as the local fundraising market ranked top in the world. In a statement, the city's bourse operator reported that its revenue and other income soared 33 percent year on year to nearly HK$14.1 billion, boosted by record high volumes in the money market, equity market, and higher investment income. Profit, meanwhile, jumped 39 percent to stand at about HK$8.52 billion between January and June, compared to the same period last year. The group's second-quarter revenue and profit also reached record quarterly highs. HKEX declared an interim dividend of HK$6 per share, up 38 percent from a year ago. Commenting on the performance, the group's chairman, Carlson Tong, said the figures demonstrated "a remarkable strategic advancement across all markets", boosted by positive market sentiment, growing investor appetite for non-USD assets and the increasing participation of global and mainland investors. "Despite the ongoing macroeconomic volatility and dynamic geopolitical landscape, our unwavering commitment to fostering innovation, dynamism, and resilience has significantly bolstered the competitiveness and allure of our markets," he said. Average daily turnover in securities trading stood at about HK$240 billion for the first half of the year, up 118 percent from the same period in 2024, while the city's Stock Connect programme also achieved record half-yearly turnover in both the northbound and southbound trade legs. The city's initial public offering (IPO) market, meanwhile, was ranked first globally during the period with 44 new listings, including one by CATL that marked the world's largest since 2023, sending total funds raised in the SAR to more than HK$109 billion, up 716 percent year on year. "As we celebrate HKEX's 25th anniversary, we look forward with confidence to seizing growth opportunities, deepening our role as the pivotal gateway between China and the world, and continuing to shape the future of finance in Hong Kong and across the region," Tong said. The group's chief executive, Bonnie Chan, said the rises came as the firm continued to diversify its product ecosystem to strengthen the city's listing frameworks, while the commodities business also marked new milestones. "Looking to the rest of the year and beyond, we at HKEX are committed to continuously enhancing our platforms, our infrastructure, and our products, to provide investors and issuers with the diversification, liquidity and connectivity they need to navigate the dynamic global macroeconomic environment," Chan said. New initiatives in the second half of the year, she added, include the shortening of the cash market settlement cycle, expansion of paperless listing regimes, and the enhancement of IPO price discovery requirements.
RTHK
19 hours ago
- Business
- RTHK
HKEX posts best-ever half-yearly results
HKEX posts best-ever half-yearly results HKEX says its half-yearly revenue and profit in the first six months were its best ever. Photo: RTHK Hong Kong Exchanges and Clearing (HKEX) on Wednesday posted its best-ever half-yearly revenue and profit for the first six months of the year, following a stock market boom as the local fundraising market ranked top in the world. In a statement, the city's bourse operator reported that its revenue and other income soared 33 percent year on year to nearly HK$14.1 billion, boosted by record high volumes in the money market, equity market, and higher investment income. Profit, meanwhile, jumped 39 percent to stand at about HK$8.52 billion between January and June, compared to the same period last year. The group's second-quarter revenue and profit also reached record quarterly highs. HKEX declared an interim dividend of HK$6 per share, up 38 percent from a year ago. Commenting on the performance, the group's chairman, Carlson Tong, said the figures demonstrated "a remarkable strategic advancement across all markets", boosted by positive market sentiment, growing investor appetite for non-USD assets and the increasing participation of global and mainland investors. "Despite the ongoing macroeconomic volatility and dynamic geopolitical landscape, our unwavering commitment to fostering innovation, dynamism, and resilience has significantly bolstered the competitiveness and allure of our markets," he said. Average daily turnover in securities trading stood at about HK$240 billion for the first half of the year, up 118 percent from the same period in 2024, while the city's Stock Connect programme also achieved record half-yearly turnover in both the northbound and southbound trade legs. The city's initial public offering (IPO) market, meanwhile, was ranked first globally during the period with 44 new listings, including one by CATL that marked the world's largest since 2023, sending total funds raised in the SAR to more than HK$109 billion, up 716 percent year on year. "As we celebrate HKEX's 25th anniversary, we look forward with confidence to seizing growth opportunities, deepening our role as the pivotal gateway between China and the world, and continuing to shape the future of finance in Hong Kong and across the region," Tong said. The group's chief executive, Bonnie Chan, said the rises came as the firm continued to diversify its product ecosystem to strengthen the city's listing frameworks, while the commodities business also marked new milestones. "Looking to the rest of the year and beyond, we at HKEX are committed to continuously enhancing our platforms, our infrastructure, and our products, to provide investors and issuers with the diversification, liquidity and connectivity they need to navigate the dynamic global macroeconomic environment," Chan said. New initiatives in the second half of the year, she added, include the shortening of the cash market settlement cycle, expansion of paperless listing regimes, and the enhancement of IPO price discovery requirements.
South China Morning Post
20-06-2025
- Business
- South China Morning Post
Hong Kong's finance minister urges HKEX to ‘internationalise' and gear up for next phase
Hong Kong's finance minister has urged the city's bourse operator to take steps to make it more attractive for overseas companies to list and introduce new products for trading digital assets. Speaking at a ceremony on Friday to mark 25 years of Hong Kong Exchanges and Clearing (HKEX) as a listed company, Financial Secretary Paul Chan Mo-po said he also wanted the exchange to be technically prepared to become the first bourse in the region to shorten the transaction settlement time to one day – T+1. 'The transformation of HKEX reflects the extraordinary rise of our country and Hong Kong over the past quarter of a century, underlining our pivotal role in supporting the opening-up of the mainland's financial markets,' Chan told hundreds of attendants at the HKEX Connect Hall, which was the exchange's trading floor until 2017. Looking ahead, Chan said the HKEX needs to 'internationalise', pointing out that 60 per cent of the 2,600 listed companies were from the mainland and accounted for 80 per cent of the market capitalisation. HKEX chairman Carlson Tong (left) and Financial Secretary Paul Chan strike a gong to officially launch the celebrations to mark the exchange's 25th anniversary on Friday. Photo: Elson Li 'Amid growing geopolitical challenges, Hong Kong has become a safe harbour for international investors seeking to diversify their portfolios,' he said. 'HKEX can also emerge as a preferred listing platform for companies from Asean, the Middle East and other regions, especially those that find it challenging to access capital markets in the US or Europe.'
South China Morning Post
13-06-2025
- Business
- South China Morning Post
HKEX to connect Asian start-ups with worldwide investors as exchange marks silver jubilee
Hong Kong Exchanges and Clearing (HKEX) will broaden its role to connect companies across Asia with global capital through secondary listings in the city, the bourse operator's chairman said. HKEX is already linked with 20 of the world's stock exchanges through mutual recognition agreements, a technical accreditation that lets companies listed in Thailand, Indonesia, Singapore, Saudi Arabia and Abu Dhabi sell additional shares in Hong Kong. 'There is certainly interest among Asian companies to tap [global and mainland Chinese] funds in Hong Kong, indicating that Hong Kong can be a major regional connector [besides] its core position connecting China with the world,' Carlson Tong Ka-shing said in an interview this week after attending the World Federation of Exchanges board meeting in Singapore. Two Singapore-based companies listed in Hong Kong this year, while a Thai coconut-water producer based in the Lion City is also in the queue to raise funds in Hong Kong. Carlson Tong Ka-shing, chairman of the Hong Kong Exchanges and Clearing Limited (HKEX), during an interview on June 11, 2025. Photo: Edmond So.
The Sun
30-05-2025
- Business
- The Sun
A Decade of Excellence: Huatai Securities Celebrates H-Share Anniversary
· Huatai Securities has continuously expanded its international presence since its H-share listing a decade ago. · Over the past ten years, Huatai Securities has facilitated nearly 600 domestic and international financing deals for enterprises globally, with a total fundraising volume of approximately USD 280 billion. HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - As Huatai Securities approaches the 10th anniversary of its H-share listing, the Company recently hosted a forum in Hong Kong themed 'Technology Reshaping Hong Kong's Financial Future,' underscoring its commitment to expanding its international presence by fostering innovation and collaboration in Hong Kong and beyond. The event convened guests from the government, academia, business partners, and the investment community to explore strategic pathways for Chinese enterprises to leverage Hong Kong in the restructuring of global industrial chains. Paul Chan, Financial Secretary of the Hong Kong SAR, delivered the opening remarks at the forum, stating: 'Over the past decade, Hong Kong's capital market has continuously advanced through reforms, significantly enhancing its role in connecting the Mainland and the world. Amidst rapid global changes, China's innovative technology sector and its emerging enterprise value are creating new development opportunities for Hong Kong's financial market. Chinese financial institutions are key to this progress, and the SAR government anticipates collaborative efforts to accelerate our capital markets' development.' Carlson Tong, Chairman of Hong Kong Exchanges and Clearing Limited, emphasized the importance of Hong Kong as the Mainland's preferred offshore financing destination: 'In the past decade, Hong Kong has raised over USD 300 billion in IPOs, primarily driven by Chinese enterprises. With technological innovation increasingly shaping our capital market, Hong Kong continues to provide vital financing channels for the global expansion of outstanding Chinese tech companies through ongoing institutional innovation.' Over the past decade, Hong Kong has solidified its position as a leading financial hub, achieving HKD 2.2 trillion in IPO fundraising and ranking first globally on four occasions. As the IPO market regains its status as the second-largest globally in 2025, the increasing interest of Chinese technology companies in international capital reflects a broader transformation within Hong Kong's financial landscape. In this dynamic environment, Huatai Securities has emerged as one of the main participants in Hong Kong's capital markets. Since the Company's H-Share listing, Huatai has facilitated nearly 600 financing deals, amassing a total fundraising volume of approximately USD 280 billion. Since 2022, the Company has sponsored 29 IPOs in Hong Kong, ranking second among all market participants. In the first five months of 2025 alone, the Company sponsored 6 IPOs, maintaining its second-place ranking.[1] Its international footprint extends beyond Hong Kong, with operations in the United States, a GDR listing on the London Stock Exchange, and a licensed subsidiary in Singapore. Zhou Yi, CEO of Huatai Securities, remarked: 'Hong Kong's strengths as an international financial center have been instrumental in helping Chinese enterprises, including Huatai Securities, grow and succeed globally over the past decade. Our focus on client service, innovation, technology, and international expansion has driven our transformation into a global firm. Looking forward, we will continue to partner with domestic and international players to explore new opportunities and create mutual value.' The forum also featured insights from Professor Li Zexiang of HKUST, founder of XbotPark, who shared key achievements from his decade-long efforts to integrate industry, academia, and research. Entrepreneurs from sectors including biopharmaceuticals, consumption, and autonomous driving gathered to discuss how industrial trends and technology shifts are reshaping global strategies and competitiveness for enterprises.
