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Hong Kong (HSI) Capital Markets Industry Analysis
UpdatedDec 15, 2025
DataAggregated Company Financials
Companies89
- 7D-0.4%
- 3M-11.6%
- 1Y33.5%
- YTD44.9%
Last week, the Capital Markets industry hasn't moved much but GoFintech Quantum Innovation is up 8.6% in that time. The past year has been better, since the industry has gained 33% in that time. As for the next few years, earnings are expected to grow by 8.5% per annum.
Industry Valuation and Performance
Has the Hong Kong Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Dec 2025 | HK$1.3t | HK$204.0b | HK$59.0b | 19.7x | 22.7x | 6.6x |
| Thu, 13 Nov 2025 | HK$1.4t | HK$201.3b | HK$58.0b | 22.7x | 24.1x | 6.9x |
| Sat, 11 Oct 2025 | HK$1.5t | HK$189.8b | HK$50.6b | 23.9x | 29x | 7.7x |
| Mon, 08 Sep 2025 | HK$1.5t | HK$191.1b | HK$50.5b | 26.6x | 28.9x | 7.6x |
| Wed, 06 Aug 2025 | HK$1.4t | HK$173.3b | HK$40.2b | 31.2x | 35x | 8.1x |
| Fri, 04 Jul 2025 | HK$1.3t | HK$173.7b | HK$40.1b | 25x | 33x | 7.6x |
| Sun, 01 Jun 2025 | HK$1.2t | HK$171.8b | HK$39.5b | 24.4x | 30.3x | 7x |
| Tue, 29 Apr 2025 | HK$1.1t | HK$162.2b | HK$34.1b | 21.1x | 31.9x | 6.7x |
| Thu, 27 Mar 2025 | HK$1.1t | HK$169.3b | HK$34.6b | 25.3x | 33x | 6.7x |
| Sat, 22 Feb 2025 | HK$1.1t | HK$161.0b | HK$32.0b | 19.8x | 35.8x | 7.1x |
| Mon, 20 Jan 2025 | HK$1.0t | HK$160.9b | HK$28.7b | 17.7x | 35.2x | 6.3x |
| Wed, 18 Dec 2024 | HK$1.1t | HK$161.2b | HK$28.6b | 20.7x | 37x | 6.6x |
| Fri, 15 Nov 2024 | HK$1.1t | HK$162.3b | HK$29.0b | 19.2x | 38.3x | 6.8x |
| Sun, 13 Oct 2024 | HK$1.1t | HK$161.6b | HK$28.2b | 20.9x | 40.4x | 7.1x |
| Tue, 10 Sep 2024 | HK$780.7b | HK$162.8b | HK$28.2b | 13.8x | 27.7x | 4.8x |
| Thu, 08 Aug 2024 | HK$786.3b | HK$161.3b | HK$30.1b | 15.5x | 26.2x | 4.9x |
| Sat, 06 Jul 2024 | HK$794.3b | HK$159.6b | HK$29.8b | 15.4x | 26.7x | 5x |
| Mon, 03 Jun 2024 | HK$870.4b | HK$160.2b | HK$29.3b | 11.6x | 29.7x | 5.4x |
| Wed, 01 May 2024 | HK$875.3b | HK$160.2b | HK$29.4b | 9.6x | 29.8x | 5.5x |
| Fri, 29 Mar 2024 | HK$830.5b | HK$164.6b | HK$35.2b | 9.3x | 23.6x | 5x |
| Sun, 25 Feb 2024 | HK$889.6b | HK$160.6b | HK$35.2b | 9.5x | 25.3x | 5.5x |
| Tue, 23 Jan 2024 | HK$807.8b | HK$162.8b | HK$34.2b | 10x | 23.6x | 5x |
| Thu, 21 Dec 2023 | HK$925.3b | HK$163.8b | HK$34.7b | 10.4x | 26.7x | 5.6x |
| Sat, 18 Nov 2023 | HK$1.0t | HK$175.4b | HK$33.5b | 10.9x | 30.3x | 5.8x |
| Mon, 16 Oct 2023 | HK$959.9b | HK$175.6b | HK$34.4b | 10.2x | 27.9x | 5.5x |
| Wed, 13 Sep 2023 | HK$992.8b | HK$170.6b | HK$33.8b | 11x | 29.4x | 5.8x |
| Fri, 11 Aug 2023 | HK$1.1t | HK$183.0b | HK$33.2b | 12.6x | 32.4x | 5.9x |
| Sun, 09 Jul 2023 | HK$949.5b | HK$182.8b | HK$33.2b | 11.7x | 28.6x | 5.2x |
| Tue, 06 Jun 2023 | HK$1.0t | HK$184.5b | HK$35.7b | 14.9x | 28.3x | 5.5x |
| Thu, 04 May 2023 | HK$1.1t | HK$203.8b | HK$38.5b | 13.7x | 27.3x | 5.2x |
| Sat, 01 Apr 2023 | HK$1.1t | HK$199.4b | HK$39.6b | 13.9x | 27.1x | 5.4x |
| Mon, 27 Feb 2023 | HK$1.1t | HK$217.1b | HK$45.5b | 13x | 23.6x | 4.9x |
| Wed, 25 Jan 2023 | HK$1.2t | HK$220.9b | HK$46.2b | 14x | 25.2x | 5.3x |
| Fri, 23 Dec 2022 | HK$1.0t | HK$215.0b | HK$44.8b | 14.3x | 23.2x | 4.8x |
Price to Earnings Ratio
23.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 22.7x which is lower than its 3-year average PE of 29.4x.
- The industry is trading close to its 3-year average PS ratio of 6.0x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 9.6% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials industry?
| HK Market | -1.74% | |
| Financials | -2.04% | |
| Capital Markets | -0.37% | |
| Diversified Capital Markets | 2.45% | |
| Asset Management | 1.58% | |
| Investment Banking and Brokerage | 0.47% | |
| Financial Exchanges and Data | -1.77% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 33.9x.
- Analysts are expecting annual earnings growth of 6.5%, which is lower than the prior year's growth of 44.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 25% over the next 5 years.
- However this is lower than its past earnings growth rate of 46% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 6.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 290 GoFintech Quantum Innovation | HK$2.52 | 8.6% +HK$1.8b | 219.0% | PE106.5x | |
| 1359 China Cinda Asset Management | HK$1.38 | 3.0% +HK$1.5b | 10.4% | PE29.6x | |
| 165 China Everbright | HK$9.47 | 4.6% +HK$707.8m | 73.4% | PS6.6x | |
| 6608 Bairong | HK$9.35 | 1.4% +HK$57.6m | 3.1% | PE11.9x | |
| 1697 Shandong International Trust | HK$0.38 | 2.7% +HK$46.6m | 0% | PE11.3x |
