HKEX Posts Record First-Quarter Profit Boosted by Active IPO and Stock Trading

Deep News04-29

Hong Kong Exchanges and Clearing Limited (HKEX) achieved a record-high profit in the first quarter, driven by robust activity in initial public offerings (IPOs) and stock market trading.

The exchange reported a 27% increase in first-quarter net profit, reaching HK$5.2 billion. The median estimate was HK$4.6 billion. Core revenue rose by 22% to HK$7.7 billion.

HKEX CEO Bonnie Chan stated that the Hong Kong IPO market maintains strong momentum, with IPO scale continuing to lead globally. A pipeline of high-quality companies is awaiting listing, further underscoring Hong Kong's role as a key financing platform for innovative and growth-oriented enterprises.

In January of this year, Hong Kong's stock market set a new record for IPO fundraising during the same period. The average daily turnover for equities on HKEX increased by approximately 14% in the first quarter. HKEX indicated that more than 500 companies are currently in the queue for listing.

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