Hong Kong’s stock exchange operator posts record first-half profit amid a flurry of mega IPOs, higher turnover

//Hong Kong’s stock exchange operator posts record first-half profit amid a flurry of mega IPOs, higher turnover

Hong Kong’s stock exchange operator posts record first-half profit amid a flurry of mega IPOs, higher turnover

The operator of Hong Kong’s stock exchange reported record first-half and quarterly profit on the back of rising market turnover and a wave of mainland Chinese tech giants seeking listings in the city amid rising political tension between Washington and Beijing.Hong Kong Exchanges and Clearing (HKEX) said on Wednesday its profit rose 1 per cent to HK$5.23 billion (US$675 million), or HK$4.15 per share, in the first six months, beating analysts’ estimates of HK$4.9 billion in a Bloomberg poll…

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By | 2020-08-19T05:28:17+00:00 August 19th, 2020|Business|Comments Off on Hong Kong’s stock exchange operator posts record first-half profit amid a flurry of mega IPOs, higher turnover