Hong Kong exchange posts record profit on trading and IPO boom

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Finance April 28, 2021 Techy 0 Hong Kong's stock exchange operator has notched its best-ever quarterly profit as a flood of trading and initial public offerings boosted the bourse ahead… Hong Kong's stock exchange operator has notched its best-ever quarterly profit as a flood of trading and initial public offerings boosted the bourse ahead of a new chief executive taking the helm. Hong Kong Exchanges and Clearing said on Wednesday that post-tax profits jumped 70 per cent year on year in the first quarter to HK$3.8bn (US$490m) as core business revenue driven by turnover and listing fees rose more than…

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