Hong Kong Exchanges and Clearing posted higher profits in the first half after a rise in trading volume driven by increased market volatility.
HKEX registered HK$6.61 billion ($850 million) in first-half profit, according to its latest results, marking a 26 percent year-on-year increase due to an increase in trading volumes.
«Markets throughout the first half of the year have remained volatile, reflecting concerns over the path to recovery from the pandemic, continued fragile global geopolitics and concerns over rising inflation levels around the world,» said HKEX chairman Laura Cha in an exchange filing.
According to Refinitv data, 48 companies raised a total of $30.2 billion from both IPO and secondary listings in Hong Kong in the first half, making it the third largest IPO worldwide.
