Hong Kong, February 28, 2026, 14:29 HKT — Market closed.
- HKEX shares finished Friday at HK$419, up 2.7% for the week ended Feb. 27.
- The exchange operator reported record 2025 profit and raised its full-year dividend to HK$12.52 a share.
- Next up: a fresh run of Hong Kong IPOs in early March and the March 11 ex-dividend date.
Hong Kong Exchanges and Clearing (0388.HK) ended last week up 2.7%, closing at HK$419 on Friday after a 0.9% rise on the day. 1
The move matters because HKEX’s earnings live and die on trading and listings. When turnover picks up and IPO calendars thicken, fees follow — and the stock usually does too.
With the market shut for the weekend, the near-term question is whether that February bid carries into Monday’s open. Investors are looking past the results headline and toward what actually trades and what actually lists.
HKEX on Thursday flagged record 2025 revenue and other income of HK$29.161 billion and profit attributable to shareholders of HK$17.754 billion. It also pointed to record headline average daily turnover — the value traded each day — up 90% at HK$249.84 billion, while Southbound Stock Connect turnover jumped 151%; Stock Connect links Hong Kong and mainland Chinese markets. The exchange declared a second interim dividend of HK$6.52 a share, taking the full-year payout to HK$12.52. 2
A dividend filing showed the shares will trade ex-dividend on March 11, with a record date of March 16 and payment on March 25. 3
Chief Executive Bonnie Y Chan struck a cautious tone on the outlook, saying: “While we expect volatility to persist … we also see cause for optimism in capital markets.” 4
In separate corporate news on Friday, HKEX welcomed government appointments to its board, including Clement Chan, alongside reappointments of Chan Kin-por and Herbert Chia. Chairman Carlson Tong said Chan’s experience “will bring valuable perspectives”. 5
On the listings side, exchange filings showed four Hong Kong floats launched on Friday seeking up to HK$4.9 billion ($626 million) in total, with debuts slated for March 9-10. Art Karoonyavanich, DBS’s global head of equity capital markets, said, “As more supply comes to market, investors will increasingly become more selective.” 6
But the risk case is straightforward: if global risk appetite turns or China-linked flows cool, turnover can drop fast and deal windows shut just as quickly. That would hit the very line items that lifted the shares this week.
