Hong Kong Exchanges and Clearing Ltd
00388: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 295.00 | Vpm | Nvtbvgfs |
Expansion of Stock Connects, New Derivatives Products Key Growth Drivers for Hong Kong Exchanges
/s3.amazonaws.com/arc-authors/morningstar/cd040d7f-9afe-44e9-89ba-7fffcf8aeebb.jpg)
Business Strategy and Outlook
Hong Kong Exchanges and Clearing, or HKEx, is the only exchange operator in Hong Kong that provides trading, clearing, and settlement services for equity, derivative, and other financial products. Unlike the U.S. capital markets, which have multiple exchanges offering trading venues for different financial products, HKEx holds a monopoly position for trading equity and equity-related products in Hong Kong, allowing it to enjoy much higher operating margins and returns on invested capital.