The Hong Kong Securities and Futures Commission published its latest financial review of Hong Kong’s securities industry, reporting a 14% increase in profits to $28.9 billion and a record $99.2 trillion in total securities transaction value in the first half of 2025. The transaction value for all securities dealers and securities margin financiers was 22% higher than the second half of 2024 and 57% higher than a year earlier. Profit growth was supported by higher trading commissions and lower overheads and interest expenses. Net securities commission income rose 23% to $13.6 billion, while income from advising on corporate finance increased 33% to $2 billion; net profits of Stock Exchange of Hong Kong Limited participants rose 34% to $15.6 billion over the previous six months, with Category C brokers’ net profits doubling to $2.5 billion. The SFC noted that the transaction measure includes equities, bonds and other securities traded in Hong Kong and overseas, and that the dealer and margin financier population covers both SEHK participants and non-participants unless otherwise specified.
Hong Kong Securities & Futures Commission 2025-09-29
Hong Kong Securities and Futures Commission issues financial review showing 14% profit increase to $28.9 billion and record $99.2 trillion transaction value in H1 2025
The Hong Kong Securities and Futures Commission reported a 14% rise in profits to $28.9 billion and a record $99.2 trillion in total securities transaction value for the first half of 2025. Transaction values increased by 22% compared to the second half of 2024 and 57% year-on-year. Profit growth was driven by higher trading commissions and reduced overheads, with notable increases in net securities commission and corporate finance advisory income.