Hong Kong Exchanges and Clearing (388.HK) Stock Price

Hong Kong Exchanges and Clearing Price

HKEX·CLOSED
370.80
​
Market closed

Over the last 19 years Hong Kong Exchanges and Clearing grew revenue by 10.8% annually, reaching 29.16 B HKD. Earnings per share have grown at 9.9% per year over the last 19 years. For Hong Kong Exchanges and Clearing, the net margin of 60.9% is down versus 64.4% a few years ago. At today's price the dividend yield works out to roughly 3.11%. The payout ratio is around 78% of earnings. The dividend has grown at 11.0% per year over the past 19 years. The consensus 12-month price target for Hong Kong Exchanges and Clearing is 525.30 HKD, about 41.7% above where the stock trades today. Of 24 analysts, 22 rate the stock a buy — an overall Buy consensus.

Hong Kong Exchanges and Clearing stock price

Access this data via the Eulerpool API

100,000 free requests/mo · no credit card

Hong Kong Exchanges and Clearing business model & stock analysis

Hong Kong Exchanges and Clearing Ltd (HKEX) is a stock exchange based in Hong Kong. It was founded in 2000 and merged the previously separate clearing and trading platforms, allowing for the trading of stocks, derivatives, and bonds on a single exchange. HKEX's business model consists of providing financial transaction settlement services and trading platforms. It combines both trading and clearing and settlement services on a single platform, providing customers with efficient trading and settlement processes. HKEX strives to offer its customers the best possible range of products and services. Notably, it allows for trading in stocks and derivatives from Hong Kong and across Asia. HKEX also offers a variety of bonds and commodities directly or through derivatives. Additionally, it is important to mention that HKEX is a major market for Chinese stocks, particularly through the "Stock Connect" program, which facilitates access to the Chinese market. HKEX has also expanded to other locations in the Asia-Pacific region, including London, Tokyo, and Singapore. It has a 10% stake in the London Metal Exchange (LME) and has revamped its trading platform to expand its offerings. LME is a significant commodity market based in Europe. In 2018, HKEX introduced the derivative-based "Mini Hang Seng Index Future," which is traded around the clock to provide Asian investors with better access to global markets. This innovation exemplifies HKEX's ability to adapt to its customers' needs and consider ongoing developments and innovations in the financial services industry. In addition to its trading platform, HKEX provides clearing and settlement services to ensure fair and lawful transactions. It has a complex and robust risk management system aimed at protecting the market and its customers from risks. Furthermore, it is worth noting that HKEX plays an active role in developing the financial industry. It promotes collaboration with regulators and governments to create an efficient and transparent exchange. HKEX is also active in promoting talent and initiatives that aim to strengthen the financial industry. Overall, Hong Kong Exchanges and Clearing Ltd is a significant marketplace for stock and derivative trading in Asia and a prominent voice in the industry. With its integrated business model, HKEX is the preferred intermediary for investors, institutions, and governments throughout the region.

Frequently asked questions about Hong Kong Exchanges and Clearing

The business model of Hong Kong Exchanges and Clearing Ltd (HKEX) involves operating a securities and derivatives market, clearing houses, and providing related services. HKEX serves as a platform for the trading and settlement of various financial products, including equities, bonds, options, futures, and commodities. Its primary objective is to facilitate efficient capital allocation and promote orderly market development. HKEX generates revenue through listing fees, transaction fees, and providing market data services. As a leading international exchange, HKEX constantly strives to enhance market transparency, efficiency, and connectivity, attracting global investors and promoting Hong Kong as an international financial hub.

Hong Kong Exchanges and Clearing Ltd is primarily active in the financial industry.

The main competitors of Hong Kong Exchanges and Clearing Ltd in the market include major global stock exchanges such as the New York Stock Exchange, London Stock Exchange, and Tokyo Stock Exchange. These exchanges provide similar services in terms of trading securities and serving as platforms for investors to buy and sell stocks. Additionally, regional exchanges such as Singapore Exchange and Shanghai Stock Exchange also pose competition to Hong Kong Exchanges and Clearing Ltd as they attract investors looking for opportunities in their respective markets.

Hong Kong Exchanges and Clearing Ltd (HKEX) is a leading financial market operator in Asia. Established in 2000, HKEX is responsible for the operation and regulation of Hong Kong's securities and derivatives markets. It plays a pivotal role in promoting and facilitating the development of the region's capital markets. HKEX operates the Hong Kong Stock Exchange, the main stock exchange in Hong Kong, and serves as the global center for initial public offerings (IPOs). With a rich history dating back to 1891, HKEX has continually evolved and adapted to meet the changing needs of the financial industry. Today, it remains a key player in the global financial landscape, fostering growth and innovation in the Asian markets.

Some significant milestones that Hong Kong Exchanges and Clearing Ltd (HKEX) has achieved include its listing on the Hong Kong Stock Exchange in 2000, the merger with Hong Kong Futures Exchange in 2005, and the acquisition of the London Metal Exchange in 2012. HKEX has also launched various innovative initiatives, such as the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, which facilitate cross-border trading between Mainland China and Hong Kong. In recent years, the company has focused on promoting technological advancements and expanding its global footprint through collaborations and partnerships. HKEX's continuous growth and commitment to innovation have solidified its position as a leading global financial hub.

Hong Kong Exchanges and Clearing Ltd is primarily present in Hong Kong.

Hong Kong Exchanges and Clearing Ltd represents values of integrity, transparency, and efficiency in the financial market. As one of the world's leading securities exchanges, it is committed to providing a fair and orderly trading environment for investors. The company's corporate philosophy is centered around promoting market development and innovation, while safeguarding the interests of investors and the public. Hong Kong Exchanges and Clearing Ltd also strives to foster a strong regulatory framework, ensuring compliance with international standards. With its continuous dedication to growth and sustainability, the company plays a crucial role in the global financial landscape.

Analysts currently set an average price target of 516.35 HKD for the Hong Kong Exchanges and Clearing stock (median: 525.30 HKD), implying +40.6 % versus the latest price. The consensus is based on 24 analyst ratings.

24 analysts currently rate the Hong Kong Exchanges and Clearing stock: 22 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Hong Kong Exchanges and Clearing to generate revenue of 32.27 B HKD and earnings per share of 14.28 HKD.

Converted at the current exchange rate, the Hong Kong Exchanges and Clearing share trades at 42.17 EUR (370.80 HKD).

The Hong Kong Exchanges and Clearing share (388.HK) is listed on 5 stock exchanges, including: Hongkong (HKEX) (0388.HK), Frankfurt (HK2C.F), München (HK2C.MU), Düsseldorf (HK2C.DU).

Hong Kong Exchanges and Clearing Ltd (HKEX) is a publicly traded company that operates and administers the Hong Kong Stock Exchange (HKEX), the London Metal Exchange (LME), and the Hong Kong Futures Exchange (HKFE). HKEX is China's major stock exchange and offers a wide range of financial instruments, including stocks, warrants, Exchange Traded Funds (ETFs), futures, and options. LME is the world's largest exchange for metal futures and options, while HKFE offers futures products such as Hang Seng Index (HSI) Futures and Mini-HSI Futures. HKEX's main business is securities and commodities trading. The company earns money through fees on trades made on HKEX for securities and on LME for commodities. HKEX also generates income from renting office spaces and providing data feeds and trading platforms for traders, investors, and other financial institutions. In addition to the above-mentioned business areas, HKEX also has business segments related to clearing and settlement. The company offers clearing and settlement services on HKEX, LME, and HKFE. This means that HKEX secures and facilitates trades and transactions between buyers and sellers to ensure that all parties fulfill their financial obligations. Another significant area for HKEX is the provision of data and information services. The company provides basic and advanced market data and information used by analysts, investors, and traders to make informed decisions. HKEX has also developed a variety of tools and resources to help investors learn more about the different products and markets available on HKEX. HKEX is constantly striving to expand its business. In recent years, the company has invested in new business areas such as technology investments and the development of blockchain solutions. Specifically, the company has partnered with blockchain specialist R3 to develop and utilize blockchain solutions to enhance the efficiency and security of financial transactions. Overall, HKEX's business model is an integral part of the global financial system. By providing trading, clearing, settlement, and information services, the company plays a crucial role in supporting investors and traders seeking opportunities to invest and trade in global markets.

The expected revenue of Hong Kong Exchanges and Clearing is 32.27 B HKD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Hong Kong Exchanges and Clearing is 18.10 B HKD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Hong Kong Exchanges and Clearing is currently 25.97. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Hong Kong Exchanges and Clearing stock.

The price-to-sales ratio (P/S) of Hong Kong Exchanges and Clearing is currently 14.57. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Hong Kong Exchanges and Clearing stock.

The Eulerpool Quality Score for Hong Kong Exchanges and Clearing is 8/10.

The ISIN of Hong Kong Exchanges and Clearing is HK0388045442. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Hong Kong Exchanges and Clearing is A0NJY9. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Hong Kong Exchanges and Clearing is 388.HK. The ticker symbol is used to trade Hong Kong Exchanges and Clearing shares on the stock exchange.

Fair ValueTerminal
381.92 HKD
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Capital Markets
Number of shares
Employees
Revenue per Employee
13.23 M HKD
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Currency
HKD
Initial public offering
Jun 27, 2000
ISIN
HK0388045442
Cusip
Y3506N139
Sedol
6267359
Market capitalization
470.17 B HKDMega Cap
52-Week Range
PEG
3.18
P/E ratio
P/Ee 2026
25.98
P/Ee 2027
24.39
P/Ee 2028
20.96
P/Ee 2029
18.86
P/Se
14.57
EV/EBIT
13.57
P/B Ratio
8.09
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
29.57 %
Dividend
Dividend yield
3.11 %
Est. Dividend Yield
3.76 %
Payout Ratio
77.82 %
Dividend growth Ø5Y
12.83 %
Dividend payments per year
3
Dividend paid since
26 years
Dividend not reduced since
3 years
Dividend increased since
3 years
Dividend withholding tax
0.00 %
Last updated Oct 23, 2026, 10:47 PM

Hong Kong Exchanges and Clearing Ticker

DÜSSELDORF · HK2C.DUFRANKFURT · HK2C.FHKEX · 0388.HKMUNICH · HK2C.MUOTC · HKXCF

Hong Kong Exchanges and Clearing FIGI

388:HK · BBG000BGW354HK2C:GR · BBG000CT12H8HK2C:GF · BBG000CT1313HK2C:GD · BBG000CT13B2HK2C:GS · BBG000CT1457HK2C:GM · BBG000CT14B0HK2C:GB · BBG000CT14L9HK2C:GI · BBG000CT15X3HKXCF:US · BBG000CTC1L3HKXCF:PQ · BBG000CTDBF7HKXCF:UV · BBG000CTDCX5HK2C:TH · BBG000QGX446