Hong Kong Exchanges and Clearing Management

Management criteria checks 2/4

Hong Kong Exchanges and Clearing's CEO is Bonnie Chan, appointed in Mar 2024, has a tenure of less than a year. total yearly compensation is HK$14.80M, comprised of 29.2% salary and 70.8% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth HK$16.84M. The average tenure of the management team and the board of directors is 1.8 years and 4.5 years respectively.

Key information

Bonnie Chan

Chief executive officer

HK$14.8m

Total compensation

CEO salary percentage	29.2%
CEO tenure	less than a year
CEO ownership	0.005%
Management average tenure	1.8yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bonnie Chan's remuneration changed compared to Hong Kong Exchanges and Clearing's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	HK$12b
Jun 30 2024	n/a	n/a	HK$12b
Mar 31 2024	n/a	n/a	HK$11b
Dec 31 2023	HK$15m	HK$4m	HK$12b
Sep 30 2023	n/a	n/a	HK$12b
Jun 30 2023	n/a	n/a	HK$12b
Mar 31 2023	n/a	n/a	HK$11b
Dec 31 2022	HK$14m	HK$4m	HK$10b
Sep 30 2022	n/a	n/a	HK$10b
Jun 30 2022	n/a	n/a	HK$11b
Mar 31 2022	n/a	n/a	HK$11b
Dec 31 2021	HK$13m	HK$4m	HK$13b
Sep 30 2021	n/a	n/a	HK$13b
Jun 30 2021	n/a	n/a	HK$13b
Mar 31 2021	n/a	n/a	HK$13b
Dec 31 2020	HK$9m	n/a	HK$12b

Compensation vs Market: Bonnie's total compensation ($USD1.90M) is above average for companies of similar size in the Hong Kong market ($USD907.21K).

Compensation vs Earnings: Bonnie's compensation has been consistent with company performance over the past year.

CEO

Bonnie Chan (54 yo)

less than a year

Tenure

HK$14,795,724

Compensation

Ms. Yiting Chan, also known as Bonnie, is CEO & Ex-Officio Director of Hong Kong Exchanges and Clearing Limited since March 01, 2024. She served as the Head of Listing of Hong Kong Exchanges and Clearing L...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yiting Chan	CEO & Ex-Officio Director	less than a year	HK$14.80m	0.0046% HK$ 16.8m
Bik Lau	Co-COO & Group CFO	4.8yrs	HK$12.22m	0.0042% HK$ 15.3m
Ka Yan Yiu	Deputy CEO	1.8yrs	HK$14.04m	0.0036% HK$ 13.1m
Richard Alan Wise	Group Chief Risk Officer	4yrs	HK$12.77m	no data
Kit Shuen Ng	Head of Listing	1.8yrs	HK$10.29m	0.0032% HK$ 11.8m
John Hsu	MD & Group CTO	1.3yrs	no data	no data
Chung Leung	Group Chief Information Officer	no data	HK$10.97m	no data
Koon Ying Chow	Group General Counsel	3.6yrs	no data	no data
Lilian Cheng	Group Chief Compliance Officer	less than a year	no data	no data
Victoria Cowley	Group Chief Communications Officer	6.2yrs	HK$2.37m	no data
Sharon Cheng	Group Chief People Officer	1.1yrs	no data	no data
Chunmeng Xu	Chief Representative of Beijing Office & Senior VP of Mainland Affairs Department	no data	no data	no data

1.8yrs

Average Tenure

54yo

Average Age

Experienced Management: 388's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Yiting Chan	CEO & Ex-Officio Director	less than a year	HK$14.80m	0.0046% HK$ 16.8m
Joseph C. Tsai	Member of HKEX International Advisory Council	5.8yrs	no data	no data
Cheng Hye Cheah	Independent Non-Executive Director	7.6yrs	HK$1.68m	no data
Stuart Gulliver	Member of HKEX International Advisory Council	5.8yrs	no data	no data
Mo Fong Chow Woo	Independent Non-Executive Director	4.5yrs	HK$1.82m	no data
Nanpeng Shen	Members of International Advisory Council	4yrs	no data	no data
Apurv Bagri	Independent Non-Executive Director	8.6yrs	HK$1.36m	no data
May-Lung Cha	Chairman of Mainland China Advisory Group & International Advisory Council	no data	HK$5.27m	no data
Zuliu Hu	Member of Mainland China Advisory Group	3.3yrs	HK$340.00k	no data
Ka Shing Tong	Independent Non-Executive Chairman	1.6yrs	HK$1.08m	no data
Nicholas Charles Allen	Independent Non-Executive Director	3.6yrs	HK$2.49m	no data
Pak Hon Leung	Independent Non-Executive Director	7.6yrs	HK$2.40m	no data

4.5yrs

Average Tenure

65yo

Average Age

Experienced Board: 388's board of directors are considered experienced (4.5 years average tenure).

Hong Kong Exchanges and Clearing Management

Management criteria checks 2/4

Key information

Recent management updates

Hong Kong Exchanges and Clearing Limited Announces Resignation of Yan King Shun as Member of the Board of Directors, Effective 29 October 2024

Hong Kong Exchanges and Clearing Limited Announces Board Changes

Hong Kong Exchanges and Clearing Limited, Annual General Meeting, Apr 24, 2024

Hong Kong Exchanges and Clearing Limited Announces Executive Appointment

Hong Kong Exchanges and Clearing Limited Announces CEO Changes

Hong Kong Exchanges and Clearing Limited Announces CEO Changes

Recent updates

Hong Kong Exchanges and Clearing Limited Announces Resignation of Yan King Shun as Member of the Board of Directors, Effective 29 October 2024

Third quarter 2024 earnings released: EPS: HK$2.49 (vs HK$2.33 in 3Q 2023)

Investor sentiment improves as stock rises 17%

Now 21% overvalued

Hong Kong Exchanges and Clearing Limited to Report Nine Months, 2024 Results on Oct 23, 2024

Now 20% overvalued

First half dividend reduced to HK$4.36

Second quarter 2024 earnings released: EPS: HK$2.49 (vs HK$2.30 in 2Q 2023)

Hong Kong Exchanges and Clearing Limited Declares Interim Dividend for the Year Ending 31 December 2024, Payable on 17 September 2024

Hong Kong Exchanges and Clearing Limited to Report First Half, 2024 Results on Aug 21, 2024

First quarter 2024 earnings released: EPS: HK$2.35 (vs HK$2.69 in 1Q 2023)

Hong Kong Exchanges and Clearing Limited Announces Board Changes

Now 21% overvalued

Hong Kong Exchanges and Clearing Limited to Report Q1, 2024 Results on Apr 24, 2024

Upcoming dividend of HK$3.91 per share

Final dividend increased to HK$3.91

Full year 2023 earnings released: EPS: HK$9.37 (vs HK$7.96 in FY 2022)

Hong Kong Exchanges and Clearing Limited, Annual General Meeting, Apr 24, 2024

Hong Kong Exchanges and Clearing Limited Announces Executive Appointment

Hong Kong Exchanges and Clearing Limited Announces CEO Changes

Hong Kong Exchanges and Clearing Limited Announces CEO Changes

Hong Kong Exchanges and Clearing Limited to Report Fiscal Year 2023 Results on Feb 29, 2024

Hong Kong Exchanges and Clearing Limited to Report Fiscal Year 2023 Final Results on Feb 09, 2024

Hong Kong Exchanges and Clearing Limited Announces Executive Changes, Effective 1 January 2024

Third quarter 2023 earnings released: EPS: HK$2.33 (vs HK$1.79 in 3Q 2022)

Hong Kong Exchanges and Clearing Limited Appoints Sharon Cheng as Group Chief People Officer

Hong Kong Exchanges and Clearing Limited to Report Q3, 2023 Results on Oct 20, 2023

Hong Kong Exchanges and Clearing Limited Appoints John Hsu as Chief Technology Officer and MD

Upcoming dividend of HK$4.50 per share at 2.9% yield

Hong Kong Exchanges and Clearing Limited Declares Interim Dividend for the Year Ending 31 December 2023, Payable on 12 September 2023

Second quarter 2023 earnings released: EPS: HK$2.30 (vs HK$1.71 in 2Q 2022)

Hong Kong Exchanges and Clearing Limited to Report First Half, 2023 Results on Aug 16, 2023

First quarter 2023 earnings released: EPS: HK$2.69 (vs HK$2.11 in 1Q 2022)

Upcoming dividend of HK$3.69 per share at 2.2% yield

Full year 2022 earnings released: EPS: HK$7.96 (vs HK$9.91 in FY 2021)

Hong Kong Exchanges and Clearing Limited Announces Executive Appointments

Hong Kong Exchanges and Clearing Limited to Report Fiscal Year 2022 Results on Feb 23, 2023

Hong Kong Exchanges and Clearing Limited Announces Executive Changes

Investor sentiment improved over the past week

Hong Kong Exchanges and Clearing Limited Announces the Launch of Core Climate

Third quarter 2022 earnings released: EPS: HK$1.79 (vs HK$2.57 in 3Q 2021)

Hong Kong Exchanges and Clearing Limited to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of HK$3.45 per share

Second quarter 2022 earnings released: EPS: HK$1.71 (vs HK$2.19 in 2Q 2021)

Hong Kong Exchanges and Clearing Limited Declares a Interim Cash Dividend for the Period Ended 30 June 2022, payable on 14 September 2022

Hong Kong Exchanges and Clearing Limited Announces Executive Changes

Hong Kong Exchanges and Clearing Limited Appoints Kian Hoe Tan as Managing Director and Head of Treasury

Hong Kong Exchanges and Clearing Limited to Report First Half, 2022 Results on Aug 17, 2022

Hong Kong Exchanges and Clearing Limited Announces Executive Appointments

Hong Kong Exchanges and Clearing Limited Announces Executive Changes

Member of Mainland China Advisory Group recently bought HK$33m worth of stock

First quarter 2022 earnings released: EPS: HK$2.11 (vs HK$3.03 in 1Q 2021)

Investor sentiment improved over the past week

Upcoming dividend of HK$4.18 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Hong Kong Exchanges and Clearing Limited Declares A Second Interim Cash Dividend for the Year Ended December 31, 2021, Payable on 23 March 2022

Hong Kong Exchanges and Clearing Limited Appoints Li-Chien Wong (LC) as Managing Director, Co-Head of IPO Vetting

Third quarter 2021 earnings released: EPS HK$2.57 (vs HK$2.65 in 3Q 2020)

Upcoming dividend of HK$4.69 per share

Second quarter 2021 earnings released: EPS HK$2.19 (vs HK$2.35 in 2Q 2020)

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

First quarter 2021 earnings released: EPS HK$3.03 (vs HK$1.80 in 1Q 2020)

Group General Counsel has left the company

Executive Officer has left the company

Hong Kong Exchanges and Clearing Limited to Report Q1, 2021 Results on Apr 28, 2021

Full year 2020 earnings released: EPS HK$9.11 (vs HK$7.49 in FY 2019)

Hong Kong Exchanges and Clearing Limited Appoints Paul Chow as Group General Counsel, Effective 19 April 2021