Hong Kong exchange’s Q1 earnings up 28%

📆 26/4/2023 4:43 PM
📰 ChannelNewsAsia

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

HONG KONG : Hong Kong's bourse operator on Wednesday reported a 28 per cent increase in first-quarter profit. The profit attributable to Hong Kong Exchanges and Clearing Ltd (HKEX) in the first quarter rose to HK$3.41 billion ($434 million) from HK$2.67 billion in the same period of 2022, according to its ear

HKEX said its revenues in the first quarter was up 19 per cent to HK$5.56 billion, the second-highest on record, mainly due to higher net investment income from margin funds and clearing house funds.

"The year has got off to a very good start, with HKEX reporting one of its best quarters ever," said Nicolas Aguzin, HKEX's chief executive. HKEX's profit increase comes as challenging macroeconomic conditions have continued to impact capital markets. HKEX's trading fees of equity products for the first quarter were $836 million, a 13 per cent decrease compared with the total trading fees and tariffs of $962 million in the first quarter last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada's Ontario Teachers' fund closes China equity investment teamHONG KONG : Ontario Teachers' Pension Plan (OTPP), Canada's third largest pension fund, closed down its China equity investment team based in Hong Kong last week, several sources with knowledge of the matter told Reuters. The Hong Kong's Securities and Futures Commission (SFC) website shows licenses of fi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »