HONG KONG — Hong Kong's bourse operator reported a 7-perecent rise in third-quarter profit on Wednesday, ahead of forecasts, as China's stimulus package and interest rate cuts by global central banks fueled trading and listing activities.
HONG KONG — Hong Kong's bourse operator reported a 7-perecent rise in third-quarter profit on Wednesday, ahead of forecasts, as China's stimulus package and interest rate cuts by global central banks fueled trading and listing activities.The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd. rose to HK$3.15 billion , up from HK$2.95 billion in the third quarter of last year.It was above analysts' forecasts of HK$3.09 billion compiled by LSEG.
The bourse's nine-month revenue and profit was its second-best ever, Chief Executive Officer Bonnie Chan said in an earnings release.HKEX is looking to attract more trades and deals to the largest offshore listing hub for Chinese enterprises, despite weaker growth prospects for the world's second-largest economy.Companies are rushing to float in Hong Kong, riding the strengthening market momentum.
Bourse's Profit Beats Estimates
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