COLLATERALIZED TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2025

COLLATERALIZED TRANSACTIONS

Schedule of margin loans and client's collateral received and repledged


		As of December 31,
		2024		2025

		(HK$ in thousands)
Collateral received from clients		181,403,500		287,731,754
Collateral received from brokers		425,617		654,664
Collateral repledged to commercial banks and other financial institutions		26,954,280		27,721,272

Schedule of market value of securities borrowed and lent and cash collateral received and deposited


		As of December 31,
		2024		2025

		(HK$ in thousands)
Securities borrowed and loaned (1)		44,283,011		43,317,360
Cash collateral received from borrowers		47,919,232		48,396,947
Cash collateral deposited with lenders		14,689,034		14,946,420

(1)	Borrowed securities include securities borrowed from margin clients under authorization, in this case no cash collateral is required.