Hong Kong’s stock market has boomed this year, with its benchmark index surging and share sales posting a strong recovery as Chinese firms flock to raise capital. That in turn has boosted trading volumes, one of the main drivers of earnings for the exchange.
Hong Kong Exchanges and Clearing (HKEX) delivered record profit in the second quarter as initial public offerings and trading boomed.
The bourse’s second-quarter profit rose 41% to HK$4.44 billion ($731.1 million), according to a statement Wednesday. Core revenue rose to HK$6.64 billion.
