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Hong Kong Exchanges and Clearing (HKEX) reported a 21% year-on-year increase in net profit to HK$5.38 billion for the second quarter, reaching a record high and exceeding market expectations.
Hong Kong Exchanges and Clearing Limited (HKEX) announced a 21% year-on-year increase in its second-quarter net profit, reaching HK$5.38 billion (US$683.4 million), or HK$4.26 per share. This performance exceeded analysts' expectations of HK$4.96 billion, primarily driven by a surge in initial public offerings (IPOs) and stock market trading volumes.
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