The operator of the Hong Kong Stock Exchange increased its net profit by 9%

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The operator of the Hong Kong Stock Exchange increased its net profit by 9%
August 22nd. /MEDIA TALK/. On Wednesday, August 21, it became known that in April-June of this year, the operator of the Hong Kong Stock Exchange Hong Kong Exchanges & Clearing Ltd. increased its net profit by 9%. The result amounted to 405 million US dollars, according to the release of the foreign platform.

The exchange's revenue increased by 8% over the same period, to 695 million. Its average daily stock trading turnover was 23% higher than last year's figure of $15.26 billion.


Photo: ru.freepik.com

It should be noted that the profit growth of the Hong Kong stock exchange operator was recorded for the first time in three quarters. This was facilitated by the IPOs held on the site and the positive dynamics in stock trading. Thus, in the six months of 2024, the exchange received 81 applications for an initial public offering of shares, which is 69% higher than in the same period of 2023.

Recall that last week it was reported that Mosbirzha wants to buy its brokerage company. Thus, the platform intends to increase the marginality of the business.
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