• HKEX earns net profit of USD489m in Q1

    Hong Kong Exchanges and Clearing (HKEX) has reported a net profit of HKD3.84bn (USD489m) in Q1 of 2021. This was driven by higher trading and clearing fees and fair value gains on collective investment schemes of HKD159m, reflecting the broader performance of the global equity and fixed income markets. Trading fees increased by 88%, attributed to the 91% increase in average daily turnover of equity products. HKEX interim chief executive Calvin Tai Chi-kin said that the potential for new listings in Hong Kong is still huge, so it was important…

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