Steady growth supported by higher net investment income
- Hong Kong Exchanges & Clearing’s third-quarter net profit grew 30% to HK$2.95 billion
- Core revenue rose 9% to HK$4.70 billion
- Listing fees for equity products decreased by HK$66 million
- Average daily turnover increased 1% to HK$98.4 billion
- HKEX raised HK$24.6 billion with 47 new listings in the first nine months of the year
- 115 active IPO applications as of Sept. 30
Factuality Level: 8
Justification: The article provides specific figures and statements from the exchange operator, Hong Kong Exchanges & Clearing, regarding their third-quarter net profit, core revenue, listing fees, and average daily turnover. The statements from the Chief Executive are also included. The article does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. The information provided is specific and factual, without any bias or personal perspective. Overall, the article is well-researched and accurately reports the financial performance of HKEX in the third quarter.
Noise Level: 7
Justification: The article provides relevant information about Hong Kong Exchanges & Clearing’s third-quarter net profit and core revenue. It mentions the increase in net investment income and the decrease in listing fees. However, it lacks in-depth analysis or insights into the long-term trends or antifragility of the exchange operator. It also does not hold powerful people accountable or explore the consequences of decisions. The article stays on topic and supports its claims with data, but it does not provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Hong Kong Exchanges & Clearing
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance of Hong Kong Exchanges & Clearing, indicating steady growth in net profit and core revenue. There is no mention of any extreme events or their impact.
Public Companies: Hong Kong Exchanges & Clearing (HKEX)
Private Companies:
Key People: Nicolas Aguzin (Chief Executive)
Hong Kong Exchanges & Clearing reported a 30% increase in net profit for the third quarter, reaching HK$2.95 billion. Core revenue also saw a 9% rise to HK$4.70 billion, driven by increased net investment income. However, listing fees for equity products decreased by HK$66 million. The average daily turnover edged 1% higher to HK$98.4 billion. Despite a decline in new listings, HKEX’s IPO pipeline remained strong with 115 active applications as of Sept. 30. The exchange operator is optimistic about the fourth quarter, citing early signs of renewed activity in the global fund-raising market.
