Hong Kong, Feb 21, 2026, 13:58 HKT — The trading day wrapped up; market closed.
- Shares of Hong Kong Exchanges and Clearing ended at HK$407.80, slipping 0.24%. (Yahoo Finance)
- Chairman Carlson Tong pointed to 488 companies waiting in the IPO pipeline. So far, 24 listings have come through this year, raising HK$87 billion. (China Daily Asia)
- HKEX plans to release its final results on Feb. 26. (HKEX Group)
Shares of Hong Kong Exchanges and Clearing slipped to HK$407.80 by Friday’s close, nudging down 0.24% in a session marked by erratic moves following the holiday. The stock shifted between HK$406.40 and HK$411.80 before settling just below the flatline. (Investing.com)
No Saturday trading, so eyes now shift to next week. HKEX earnings are set for Feb. 26—a scheduled event that often draws investors to adjust their positions in the lead-up. (Investing.com)
HKEX chairman Carlson Tong, speaking at Friday’s market-opening ceremony, called the start of 2026 “very encouraging.” More than 24 IPOs have already drummed up over HK$87 billion, with a pipeline of 488 companies also in play. Tong highlighted ongoing reforms, noting that a consultation on “T+1” settlement is underway. (RTHK)
Turnover tracks the cash moving with each share trade—crucial, since HKEX’s revenue on trading, clearing, and listings depends on it. The term “T+1” means trades settle the next business day, a tweak that can alter how traders fund positions and behave in the market.
Friday saw a weaker tone across the board. The Hang Seng Index slipped 1.1% to finish at 26,413.35, marking the first session back after the Lunar New Year holiday. Tech heavyweights dragged the benchmark down, according to the South China Morning Post. (South China Morning Post)
There’s another wrinkle beyond Hong Kong’s cash market. The London Metal Exchange—run by HKEX—has locked in permanent curbs on members holding big positions in near-dated contracts, after rolling out those limits as a stopgap last year. (Reuters)
The LME rolled out a batch of fee adjustments right away: “Brand Listers” now face a $6,250 one-time charge, plus a $1,000 annual payment. The exchange is also scrapping the fee when members cross orders on LMEselect, its electronic platform. (Reuters)
For the Hong Kong stock, this doesn’t move the needle much on a daily basis. Still, it ties back to the core question for investors heading into results: is the group’s fee engine actually getting a boost from shifts in trading activity and market structure, or is it just more noise?
But here’s the snag: not every IPO pipeline turns into an actual listing. After the post-holiday rush, trading can slow down fast, particularly if risk appetite dries up and tech stocks keep swinging wildly.
As markets reopen Monday, eyes will be on turnover and whether HKEX shares keep pace with the index. The big scheduled event: HKEX’s results on Feb. 26. Any news on reform timing or a shift in revenue streams could sway the stock.
