
Hong Kong Exchanges and Clearing Limited
0388.HKHKSEFinancial ServicesFinancial - Data & Stock Exchanges
Latest quote
HK$417.8
−HK$3.20 · -0.76%
0388.HK company overview
Regular session · HKT · Market data may be delayed.
Company profile
Company websiteHong Kong Exchanges and Clearing Limited (HKEX), a leading financial infrastructure group, oversees and operates significant stock and futures exchanges and their associated clearing houses across Hong Kong, mainland China, and the United Kingdom. Its business is organized into five core segments: Cash, Equity and Financial Derivatives, Commodities, Post Trade, and Technology. The Cash segment facilitates trading of diverse equity products on the cash market platforms of the Hong Kong, Shanghai, and Shenzhen Stock Exchanges, additionally selling market data and managing related activities. The Equity and Financial Derivatives segment offers and maintains trading platforms for a broad spectrum of products, including stock and equity index futures and options, derivative warrants, and callable bull/bear contracts, alongside providing relevant market data. The Commodities segment manages a UK-based exchange for trading base, ferrous, and precious metals futures and options, and operates Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in mainland China. It also handles commodity contracts on its Futures Exchange. The Post Trade segment provides critical clearing house services, covering clearing, settlement, depository, custodian, and nominee functions. Finally, the Technology segment ensures user access to platforms and underlying infrastructure through various service offerings. The company serves both issuers and investors and is headquartered in Central, Hong Kong.
- Industry
- Financial - Data & Stock Exchanges
- Sector
- Financial Services
- Headquarters
- HK
- CEO
- Yiting Chan
- Listed since
- Jun 27, 2000
- Employees
- 2,636
Market position
Day range
Current HK$417.8
52-week range
Current HK$417.8
- Open
- HK$420.2
- Previous close
- HK$421
- Volume
- 3.53M
- 0.81× average
- Average volume
- 4.34M
- Average daily volume
- Market cap
- 528.11B HKD
- Beta
- 0.93
- Market reference 1
- 50-day average
- HK$393.09
- +6.29% above average
- 200-day average
- HK$407.15
- +2.62% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 334.32B HKD
- P/E (TTM)
- 26.7×
- P/B (TTM)
- 8.73×
- P/S (TTM)
- 16.61×
- EV / EBITDA
- 14.65×
- Earnings yield
- 3.45%
- Free cash flow yield
- 4.07%
- Dividend yield
- 3.00%
Profitability & efficiency
- Gross margin
- 85.95%
- Operating margin
- 74.86%
- Net margin
- 62.30%
- Return on equity
- 30.53%
- Return on assets
- 3.06%
- Return on invested capital
- 3.09%
Financial health
- Debt / equity
- 0.02×
- Current ratio
- 694.1×
- Altman Z-score
- 1.75
- Piotroski F-score
- 6 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (HKD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 29.16B HKD | 17.35B HKD | 15.45B HKD | 16.93B HKD | 19.47B HKD |
| Cost of goods sold | 4.39B HKD | 4.41B HKD | 3.98B HKD | 3.64B HKD | 3.29B HKD |
| Gross profit | 24.77B HKD | 12.94B HKD | 11.46B HKD | 13.3B HKD | 16.18B HKD |
| Selling, general, and administrative | — | 351M HKD | 448M HKD | 431M HKD | 296M HKD |
| Operating expenses | 3.45B HKD | −1.94B HKD | −1.92B HKD | 1.57B HKD | 1.26B HKD |
| Interest income | 5.11B HKD | 10.57B HKD | 10.84B HKD | 4.15B HKD | 813M HKD |
| Interest expense | 96M HKD | 5.89B HKD | 6.1B HKD | 2.36B HKD | 147M HKD |
| Depreciation and amortization | 1.57B HKD | 1.4B HKD | 1.44B HKD | 1.46B HKD | 1.35B HKD |
| Operating income | 21.33B HKD | 14.88B HKD | 13.39B HKD | 11.73B HKD | 14.92B HKD |
| Net income | 17.75B HKD | 13.05B HKD | 11.86B HKD | 10.08B HKD | 12.54B HKD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 73%
- 8 beats, 3 misses, 0 met estimates
- Average EPS surprise
- +5.29%
- 11 comparable reports
- Latest EPS result
- 4.26
- Estimate 3.87 · Beat by 10.08%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
0388.HK peers
ETFs holding 0388.HK
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Total International Stock ETFVXUS913.85M0.14%646.2B USD0.05%$87.19-0.59%
Vanguard FTSE Developed Markets ETFVEA608.9M0.19%315B USD0.03%$73.075-0.47%
iShares Core MSCI EAFE ETFIEFA412.04M0.21%195.14B USD0.07%$100.66-0.19%
iShares MSCI EAFE ETFEFA213.68M0.27%79.94B USD0.32%$108.04-0.19%
iShares MSCI Hong Kong ETFEWH199.23M15.48%1.29B USD0.50%$23.22-0.56%
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETFBBAX192.18M2.79%6.92B USD0.19%$65.04-0.35%
iShares MSCI Intl Quality Factor ETFIQLT161.4M1.13%14.34B USD0.30%$51.95-0.21%
Vanguard FTSE All-World ex-US ETFVEU147.65M0.15%95.9B USD0.04%$85.19-0.58%
Vanguard Total International Stock ETFVXUS- Market value
- 913.85M
- Weight
- 0.14%
- AUM
- 646.2B USD
- Expense ratio
- 0.05%
- Price / 1D
- $87.19-0.59%
Vanguard FTSE Developed Markets ETFVEA- Market value
- 608.9M
- Weight
- 0.19%
- AUM
- 315B USD
- Expense ratio
- 0.03%
- Price / 1D
- $73.075-0.47%
iShares Core MSCI EAFE ETFIEFA- Market value
- 412.04M
- Weight
- 0.21%
- AUM
- 195.14B USD
- Expense ratio
- 0.07%
- Price / 1D
- $100.66-0.19%
iShares MSCI EAFE ETFEFA- Market value
- 213.68M
- Weight
- 0.27%
- AUM
- 79.94B USD
- Expense ratio
- 0.32%
- Price / 1D
- $108.04-0.19%
iShares MSCI Hong Kong ETFEWH- Market value
- 199.23M
- Weight
- 15.48%
- AUM
- 1.29B USD
- Expense ratio
- 0.50%
- Price / 1D
- $23.22-0.56%
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETFBBAX- Market value
- 192.18M
- Weight
- 2.79%
- AUM
- 6.92B USD
- Expense ratio
- 0.19%
- Price / 1D
- $65.04-0.35%
iShares MSCI Intl Quality Factor ETFIQLT- Market value
- 161.4M
- Weight
- 1.13%
- AUM
- 14.34B USD
- Expense ratio
- 0.30%
- Price / 1D
- $51.95-0.21%
Vanguard FTSE All-World ex-US ETFVEU- Market value
- 147.65M
- Weight
- 0.15%
- AUM
- 95.9B USD
- Expense ratio
- 0.04%
- Price / 1D
- $85.19-0.58%
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