In recent months, Hong Kong Exchanges and Clearing has rejected several companies’ applications to adopt large-scale digital asset treasury strategies, citing regulatory rules prohibiting such holdings and concerns about market volatility risk.
This development reflects heightened regulatory scrutiny around crypto-related treasury activities, at a time when HKEX is maintaining a robust IPO pipeline and seeking to diversify revenue sources in a fast-evolving capital markets environment.
We’ll explore how HKEX’s commitment to regulatory conservatism on digital assets may influence its growth potential and investor confidence going forward.
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Owning shares in Hong Kong Exchanges and Clearing (HKEX) often means believing in Asia’s continued growth as a leading global capital markets hub, and trusting in HKEX’s role as a bridge between China and the rest of the world. The news that HKEX is rejecting companies’ digital asset treasury plans has little direct impact on the immediate IPO pipeline, the key short term catalyst remains the steady flow of new listings, while the largest near-term risk continues to be regional competition for issuers.
Recently, HKEX signed a Memorandum of Understanding with Abu Dhabi Securities Exchange to enhance mutual market access and develop new products. While not directly related to the digital asset controversy, the partnership aligns with HKEX’s effort to expand its global footprint, possibly mitigating near-term risks tied to listing competition by boosting international engagement.
Yet, despite these international moves, investors should be alert to potential challenges stemming from…
Read the full narrative on Hong Kong Exchanges and Clearing (it’s free!)
Hong Kong Exchanges and Clearing’s narrative projects HK$30.5 billion in revenue and HK$19.3 billion in earnings by 2028. This requires 6.1% yearly revenue growth and a HK$3.9 billion earnings increase from the current HK$15.4 billion.
Uncover how Hong Kong Exchanges and Clearing’s forecasts yield a HK$494.07 fair value, a 16% upside to its current price.
SEHK:388 Community Fair Values as at Oct 2025
Seven Simply Wall St Community fair value estimates for HKEX range from HK$214 to HK$9,516.99 per share. While opinions vary, many continue to focus on how global shifts in digital asset regulation might affect the exchange’s long-term position, see how your view compares and explore alternate perspectives.