News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

Hong Kong exchange operator’s profit jumps as trading hits record

Hong Kong Exchanges & Clearing earnings miss analysts’ estimates because of rising costs

Hong Kong exchange operator’s profit jumps as trading hits record

A bull market in Chinese stocks helped propel trading activity on Hong Kong’s stock exchange to the highest level in its history during the first half of the year, boosting the exchange operator’s bottom line even as its metals trading business had a slight decrease in turnover.

Net profit at Hong Kong Exchanges & Clearing rose 73% to 4.1 billion Hong Kong dollars (US$528.2 million) in the first half, allowing the exchange operator to increase its dividend by more than two thirds.

WSJ Logo