The Wall Street Journal

Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings

The rebound in IPO activity has been fueled by Chinese companies seeking secondary listings

HKEX also witnessed a surge in trading volumes during the quarter, with the headline average daily turnover soaring 95%.
HKEX also witnessed a surge in trading volumes during the quarter, with the headline average daily turnover soaring 95%. Photo: tyrone siu/Reuters

Hong Kong Exchanges & Clearing reported record profit and revenue as bullish market sentiment boosted trading and helped the Asian financial hub reclaim its title as the world’s top listing destination.

The city’s exchange operator said Wednesday that renewed global investor interest in China-related assets pushed earnings to new highs, “driven by optimism in China’s economic outlook and supportive policies, as well as exciting developments in artificial intelligence and innovation.”

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