HKEX posts record high half-year net profit, revenue

HONG KONG - Hong Kong Exchanges and Clearing Limited (HKEX) posted HK$8.78 billion ($1.13 billion) of revenue and other income in the first half of the year, up 2 percent, and a net profit of HK$5.23 billion, up 1 percent year-on-year.

Average daily turnover in the securities market stood at HK$117.5 billion, increased by 20 percent from the year before, HKEX said on Wednesday.

The bourse had a very good first half against a turbulent and volatile macro economic backdrop, said its chief executive Charles Li.

"High cash market turnover, record Stock Connect volumes and a notable number of IPOs, including a number of sizable secondary listings, offset softness in investment income which was impacted by swings in global portfolio valuations during the period," he said in a statement.

Shares fell by 1.42 percent to close at HK$373.6 per share on Wednesday.