Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
HKEx profit surges 140% in 1st 9 months
Adjust font size:

Hong Kong Exchanges Clearing (HKEx) saw a 140 percent year-on-year surge in the profit attributable to shareholders in the first three quarters of this year, HKEX announced here Wednesday.

 

HKEx's profit attributable to shareholders was 4.01 billion HK dollars, with basic earnings per share at 3.76 HK dollars.

 

The institution recorded income of 5.5 billion HK dollars in the first three quarters, up 93 percent on a year earlier, while operating expenses rose 15 percent to 1.03 billion HK dollars.

 

The average daily turnover value on the Stock Exchange was 72.4 billion HK dollars, 138 percent higher than the same period last year. The average daily number of derivatives contracts traded on the Futures Exchange rose 69 percent to 163,664, while stock- options contracts traded on the Stock Exchange rose 161 percent to 168,392.

 

The rise in profit was mainly attributable to the higher turnover-related income resulting from the increase in level of activities in the cash and derivatives markets, which was partly driven by the improved market sentiment following the relaxation of rules governing the permissible investments under the Qualified Domestic Institutional Investor scheme and the proposed pilot program for direct foreign portfolio investments by domestic individuals.

 

HKEx Chairman Ronald Arculli said the expansion of the QDII scheme in the first half of 2007 as well as the anticipated implementation of the pilot program should present new opportunities for the growth of the financial market in Hong Kong.

 

HKEx will continue to support the Mainland authorities in preparing for the implementation of the program, he added.

 

However, alongside positive factors, other potentially negative ones could dent market sentiment and investor confidence. These include a possible global economic slowdown, lingering volatility in the international credit and asset markets, and growing concern about domestic inflation which could lead the Central Government to implement measures to cool the mainland economy, he said.

 

"HKEx will remain vigilant in monitoring market movements and possible repercussions. It also remains focused on enhancing market quality for Hong Kong to hold up well in the face of global market changes," said the chairman.

 

(Xinhua News Agency November 15, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- HKEx Considers More Services for Mainland Issuers
- China Merchants Bank Listed in Hong Kong Bourse
- Hong Kong Set to Launch Yuan Futures Products
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?