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Hong Kong Exchangs and Clearing (HKEX), the third largest stock market in Asia, said its profits in the first quarter amounted to a record rise, thanks to more new lists and increased rotation.
On Wednesday, HKEX said that its profit in the first quarter increased by 37 percent to $ 4.08 billion, Hong Kong ($ 526 million), or $ 3.23 Hong Kong per share, from $ 2.97 billion Hong Kong dollars in the previous year. Analysts expect, according to the estimation of the consensus collected by Bloomberg, that the company will report a profit of $ 3.99 billion Hong Kong. In the first quarter of 2021, HKEX was about the profit of a record of $ 3.84 billion. Hong Kong.
“The renewed global interest in China’s opportunities that chose in the second half of 2024 continued to build momentum until 2025, supported by exciting developments in artificial intelligence and innovation,” CEO Bonnie Chan Ying said in a statement.
“The vitality of the Hong Kong capital raising activity continued during the quarter in emphasizing the attractiveness of our markets, which ranked first in the subscription subscription places in the world and recorded two of the largest follow -up offers since April 2021.”
It also indicated that the growth momentum continued in the second quarter with a healthy pipeline from 120 applications, which enhances the Hong Kong website as a major donation collection place