The Hong Kong Securities and Futures Commission published its financial review of Hong Kong’s securities industry, reporting that total net profits rose 62% year on year to a five-year high of $71.7 billion in 2025. The uplift coincided with more active markets, as the industry’s total value of transactions increased 52% to $219.0 trillion. Growth was broad-based across major business lines, with net securities commission income up 50%, advisory and underwriting income up 27%, and asset management-related income up 30%. Net profits of Stock Exchange of Hong Kong participants totalled $35.4 billion, up 62%, with Category C brokers rising about 77% to $6.1 billion, Category B up 67% to $16.8 billion, and Category A up 49% to $12.5 billion; average collateral coverage increased to 4.5 times from 3.9 in 2024 alongside a 22% rise in outstanding margin loans. The review covers corporations licensed for dealing in securities or securities margin financing, including both Stock Exchange of Hong Kong participants and non-participants unless otherwise specified.
Hong Kong Securities & Futures Commission 2026-03-31
Hong Kong Securities and Futures Commission review finds securities industry net profits up 62% to $71.7 billion in 2025
The Hong Kong Securities and Futures Commission reported that Hong Kong’s securities industry net profits rose 62% year on year to a five-year high of HKD 71.7 billion in 2025, alongside a 52% increase in transaction value to HKD 219.0 trillion. Growth was broad-based, with strong gains in commission, advisory, underwriting and asset management income, and Stock Exchange of Hong Kong participants’ net profits up 62% to HKD 35.4 billion. Average collateral coverage improved to 4.5 times from 3.9 despite a 22% increase in margin loans.