Hong Kong Exchanges and Clearing Ltd.
Owns and operates stock and futures exchanges, clearing houses, and data services across Hong Kong, the UK, and Mainland China.
As of Jul 17, 2026
Executive summary
Hong Kong Exchanges and Clearing Ltd. operates the primary exchange and clearing infrastructure for Hong Kong's financial markets. The stock is trading at HK$391.00 with a neutral technical bias, having returned 1.3% over the past month but declined 3.6% over the year. The company carries a market capitalisation of HK$494 billion.
Price history
As of Jul 17, 2026
Performance
-1.31%
+1.56%
+1.30%
-5.56%
-2.55%
-3.56%
As of Jul 17, 2026
Technical indicators
- 56.4
- 3.48Bullish
- 50: 393.41 · 200: 407.94Bearish
- HK$360.00 / HK$389.80
Technical Bias
Hong Kong Exchanges and Clearing's technical indicators are evenly split: momentum shows mild bullish tilt via MACD, but the longer-term moving average structure leans bearish, whilst RSI sits neutral in the middle range. This is a derived technical read, not a recommendation.
A transparent read of the indicators below — not a prediction or recommendation.
As of Jul 17, 2026
Fundamentals
- HK$494B
- 26.24
- HK$14.89
- 62.57%
- +19.0%
- HK$21.0B
- 0.92
- HK$360.00 – HK$453.00
- 3.16%
- Mar 11, 2026
- Aug 19, 2026 (32 days)
As of Jul 17, 2026
Upcoming catalysts
- Earnings report
As of Jul 17, 2026
Latest news
As of Jul 17, 2026
Short-term outlook
Hong Kong Exchanges and Clearing has edged up 1.3% over the past month, with MACD pointing bullish even as the 50-day average sits below the 200-day, a mixed picture reinforced by a neutral RSI of 56.4. The near-term path likely hinges on HK$389.80 resistance versus HK$360.00 support, with no earnings catalyst until August 2026 to shift the balance.
Medium-term outlook
Hong Kong Exchanges and Clearing continues to show strong momentum, with revenue up 19.0% year-on-year and a hefty 62.6% profit margin, underpinning a 3.2% dividend yield. Trading at a P/E of 26.24, the shares reflect that quality, while the technical picture stays neutral, suggesting the next few quarters may hinge more on fundamentals than on any clear price trend.
Key risks
- HKEX's earnings are closely tied to trading volumes and market sentiment across Hong Kong and mainland China, so any slowdown in activity would directly hit revenue growth.
- The stock trades at a premium valuation with a P/E of 26.24, which leaves less room for error if growth were to slow from the current 19% pace.
- Shares sit well below their 52-week high of HK$453.00, trading at HK$391.00, reflecting sensitivity to shifts in investor confidence toward Hong Kong markets.
- New initiatives like the China Government Bond Futures launch and the HKEX Tech 100 ETF represent execution risk, as their success depends on sufficient trading uptake to move the needle on results.
About Hong Kong Exchanges and Clearing Ltd.
Hong Kong Exchanges and Clearing Ltd. (0388) operates Hong Kong's main securities and derivatives markets, making it a central piece of financial infrastructure in Asia. As the operator of the exchange itself, HKEX sits within the Financial Services sector, specifically the Financial Data & Stock Exchanges industry, giving it a fairly unique position: it profits from trading activity, listings, and clearing services rather than from trading securities directly. With a market cap of HK$494B, it stands as one of the larger listed exchange operators in the region.
HKEX's key figures point to a business valued at a premium, with a price-to-earnings ratio of 26.24, reflecting investor expectations tied to trading volumes and market activity across Hong Kong's capital markets. Its dividend yield of +3.2% shows a portion of earnings is returned to shareholders, a feature often associated with established exchange operators that generate steady fee-based income.
AI-assisted research for informational purposes only — not investment advice. Figures are sourced from third-party market data and may be delayed. Do your own research before trading. Your capital is at risk.