Hong Kong bourse posts 1% gain on Chinese tech IPOs
Investors have been flocking to the exchange, propelling its share price up by almost 50%, as Chinese tech firms worry about their US listings
Hong Kong — Hong Kong Exchanges and Clearing (HKEX) has posted a 1% gain in profit, benefiting from a spate of high-profile Chinese stock listings and a pick up in trading as the pandemic and political tensions stoked volatility.
First-half net income rose to a record HK$5.23bn ($674m), on the back of a 13% gain in core revenue, the exchange said on Wednesday. Investments slumped 45% in the period, dragging down the result...