HKEX reports HK$4.29B nine-month revenue from Stock Connect

The disclosure puts a hard revenue figure on the cross-border link that has become central to HKEX's earnings mix, rather than leaving it as a directional talking point. It matters most for the exchange's own revenue base and for market participants who gauge mainland access demand through the Connect rails. The open question is whether this contribution holds as trading conditions shift, and how HKEX frames Connect revenue against its broader income in upcoming reporting.