Hong Kong bourse logs first profit rise in three quarters, IPOs pick up

Hong Kong’s bourse has booked its first profit increase in three quarters, marking record revenue and income for an April-June period as new listings and trading activity picked up.

Net income for Hong Kong Exchanges and Clearing (0388.HK), opens new tab (HKEX) climbed 9% from a year earlier to HK$3.16 billion ($405 million) while revenue rose 7%.

The bourse said it had benefited from increases in trading and clearing fees as volumes across the cash, derivatives and commodities markets grew.