BUSINESS HKEX's profit reaches half-yearly record high in 2021

BUSINESS

HKEX's profit reaches half-yearly record high in 2021

Xinhua

21:24, August 11, 2021

File photo: CFP

HONG KONG, Aug. 11 (Xinhua) -- Hong Kong Exchanges and Clearing Limited (HKEX) on Wednesday said that it has reached a record half-yearly high of a profit of 6.6 billion HK dollars (about 848 million U.S. dollars) in 2021.

HKEX saw a record high average daily trading (ADT) volume in the first half of 2021 with an exceptionally buoyant first quarter. The trading volume in the second quarter and the start of the third quarter of 2021 returned to similar levels as in the second half of 2020.

Chief executive of HKEX Nicolas Aguzin said that he was deeply encouraged by the bright achievements in the first half of the year and will continue to maintain confidence in Hong Kong.

Despite the impact of the COVID-19 epidemic, Hong Kong still shows considerable impact resistance and resilience through its institutional advantages and core competitiveness.

In the first half of 2021, Hong Kong's IPO market was in strong momentum. There were 47 IPOs in the Hong Kong market, with the financing amount reaching 212.96 billion HK dollars, which doubled that of the same period last year.

Looking ahead, Aguzin said that being anchored to China was still the main advantage of HKEX, and the company will continue to leverage on its competitive advantage and provide financing support for the rapid growth of mainland enterprises. (1 USD = 7.78 HKD )

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