Hong Kong exchange operator HKEX posts record annual net profit for a third year in a row at US$1.48 …

hong kong exchange operator hkex posts record annual net profit for a third year in a row at us1 48 billion

Hong Kong Exchanges and Clearing (HKEX) posted a third straight year of record profits, using its advantage as China’s main offshore financial centre to capture the unprecedented amount of capital entering and leaving the mainland.The operator of the city’s stock exchange said net profit rose 23 per cent to HK$11.5 billion (US$1.48 billion), or HK$9.11 per share, beating analysts estimates of HK$11.4 billion. HKEX’s annual profit stood at HK$9.37 billion in 2019 and HK$9.31 billion in 2018.The…

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