Hong Kong Exchanges and Clearing Limited (0388)

Overview

Hong Kong Exchanges and Clearing Limited (HKEX), with its inception in 1999, stands as a formidable conglomerate managing stock exchanges, futures exchanges, and related clearing houses across Hong Kong, Mainland China, and the United Kingdom. The company embodies a vital infrastructure for financial markets, offering a broad spectrum of services through its diversified operational segments: Cash, Equity and Financial Derivatives, Commodities, and Data and Connectivity. HKEX operates under a comprehensive model, supporting a wide range of equity products on cash market platforms across major exchanges in Hong Kong, Shanghai, and Shenzhen. Its commitment to facilitating global and local markets is evident through its innovative trading platforms for equity and financial derivatives, including futures, options, and over-the-counter (OTC) derivatives contracts. The Commodities segment further amplifies HKEX’s presence on a global scale, operating an exchange for precious metals, base and ferrous metals futures, and options contracts in the UK, alongside a commodity trading platform in Mainland China. Coupled with its extensive Data and Connectivity services, HKEX offers unparalleled access to market data and infrastructure, bolstering its position as a cornerstone in the financial market landscape. Based in Central, Hong Kong, HKEX serves a myriad of issuers and investors, underpinning its role as a pivotal element in the global financial ecosystem.

Products and Services

• Cash Market Services

  HKEX’s Cash segment caters to the trading of various equity products on the cash market platforms of the Stock Exchange of Hong Kong Limited, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange. It encompasses clearing, settlement, custodian, listing, depository, and nominee services alongside other related activities, providing a robust infrastructure for the efficient conduct of equity markets.

• Equity and Financial Derivatives

  The Equity and Financial Derivatives segment offers comprehensive trading platforms for a variety of products, including stock and equity index futures and options, derivative warrants, callable bull/bear contracts, warrants, and OTC derivatives contracts. This segment facilitates the diversification of investment portfolios and provides hedging mechanisms to manage market risk.

• Commodities Trading

  This segment underlines HKEX's global footprint in the commodities market, operating exchanges for the trading of base, ferrous, and precious metals futures and options in the United Kingdom, and running Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in Mainland China. It demonstrates HKEX’s commitment to providing comprehensive trading solutions for commodities market participants.

• Data and Connectivity Services

  HKEX’s Data and Connectivity segment offers a wide range of services that ensure seamless access to its platforms and infrastructure. These services include network, terminal user, data line and software sublicense, hosting services, and the sale of market data related to the Hong Kong cash and derivatives markets. This suite of services further enhances HKEX's role as a conduit for information flow and connectivity in the global financial markets.