HKEX Posts Record First-Half Profit on Trading Boom
Hong Kong Exchanges and Clearing reported a record first-half net profit of 10.57 billion Hong Kong dollars, driven by a surge in fundraising and trading activity. The exchange benefited from increased investor interest from mainland China and global markets.
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HONG KONG EXCHANGES & CLEAR posted a net profit of HK$10.57 billion ($1.4 billion) in the first half, up 24% year-on-year. The record result beat forecasts, driven by strong trading and fundraising activity. Growth was underpinned by optimism in China and product innovation that attracted global investors. CEO Bonnie Chan said the market has regained its vibrancy.
