HKEX records 9 pct year-on-year income growth in 2021
0 Comment(s)
Print
E-mail Xinhua, February 25, 2022
The Hong Kong Exchanges and Clearing Limited (HKEX) on Thursday announced its annual results for 2021, saying it recorded 20.95 billion Hong Kong dollars (2.68 billion U.S. dollars) in its revenue and other incomes for the year, a 9 percent year-on-year growth.
According to the HKEX, Stock Connect revenue and other incomes in 2021 reached a record high of 2.72 billion Hong Kong dollars, up 41 percent against 2020, accounting for 13 percent of its group total revenue and other incomes. Net investment income from corporate funds went down 16 percent compared with 2020, reflecting reduced interest income and lower fair value gains from collective investment schemes.
Chief Executive Officer of HKEX Nicolas Aguzin said that HKEX had a strong year in 2021 despite a turbulent macro backdrop and the ongoing COVID-19 pandemic, with its revenue and other incomes, and profit both reaching record highs. The cash market turnover and both Stock Connect and Bond Connect volumes also achieved new highs, helping offset the impact of the low interest rate environment on investment income. (1 U.S. dollar equals 7.81 HK dollars)
