Hong Kong’s exchange operator posts record first-half earnings as global funds follow MSCI’s weightings into China’s stocks

Published: 14/08/2019
Hong Kong’s exchange operator posts record first-half earnings as global funds follow MSCI’s weightings into China’s stocks
Source: WWW.SCMP.COM

Hong Kong Exchanges & Clearing Limited (HKEX) reported its best interim profit on record as more global funds used the city’s cross-border investment channel to invest in Chinese stocks, after MSCI quadrupled the representation of China’s A shares in its benchmarks.Revenue rose 5 per cent to HK$8.58 billion (US$1.1 billion) in the first half, while net profit increased 3 per cent to HK$5.2 billion

Read more
Related news
Comment
Latest in blog
FACEBOOK