HKEX - average daily turnover in June 2025 was HK$230.2 billion

HKEX - average daily turnover in June 2025 was HK$230.2 billion

Hong Kong's stock exchange, HKEX, reported a significant increase in its average daily turnover in June 2025, reaching HK$230.2 billion. This marked a substantial rise from the previous month and highlighted the exchange's growing significance in the global financial landscape [1].

The surge in turnover can be attributed to several factors, including a strong IPO market and increased investor interest in Chinese companies. In the first half of 2025, funds from Hong Kong's initial public offerings (IPOs) soared eightfold, propelling the city's exchange to the top of the global rankings for the first time since 2019 [2]. This resurgence was driven by a combination of regulatory tailwinds, robust post-listing performance, and increased participation from international investors.

The renewed interest in Hong Kong's equity capital markets was further fueled by the muted pace of A-share listings and delisting fears in U.S. markets. Chinese companies flocked to the city for fundraising, sparking a frenzy in the market that had been largely forsaken in recent years. This trend was evident in the significant increase in new listing volumes, which jumped around eight times to $14 billion in the first half of this year, compared to just $1.8 billion in the same period in 2024 [3].

The average daily turnover of HK$230.2 billion in June 2025 reflects the growing confidence and enthusiasm of investors and businesses in Hong Kong's equity capital markets. This trend is likely to continue, with projections indicating up to 100 IPOs in Hong Kong this year, with total fundraising to exceed $25.5 billion [3].

References:
[1] https://economictimes.indiatimes.com/markets/stocks/news/angel-one-shares-drop-7-after-june-and-q1-fy26-business-update/articleshow/122243166.cms
[2] https://www.scmp.com/business/banking-finance/article/3316378/hong-kongs-first-half-ipos-soar-eightfold-returning-hkex-worlds-top-spot-capital
[3] https://www.cnbc.com/2025/07/03/hong-kong-hkse-hang-seng-nasdaq-nyse-wall-street-ipo-market-listings-2025.html