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Hong Kong bourse operator’s annual net profit rises 9% -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu

HONG KONG (Reuters – Hong Kong’s stock exchange operator reported a 9% increase in net profits for 2021, but it fell short of expectations due to China’s strict regulatory regimes. This led to fewer listings and weakened markets that hurt investment income.

Hong Kong Exchanges and Clearing posted a total profit for the year of HK$12.5billion (or $1.60 billion) on Thursday. This was higher than 2020’s HK$11.51billion but lower than Refinitiv’s average of 27 analysts who made HK$13.1billion.

($1 = 7.8077 Hong Kong dollars)

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