(Fighting against New Coronary Pneumonia) HKEx's net profit for the first quarter of 2020 decreased by 13% year-on-year
China News Agency, Hong Kong, May 7 (Reporter Zhang Xiaoxi) The Hong Kong Stock Exchange (Hong Kong Stock Exchange) released a financial report on the 7th that the total revenue of the Hong Kong Stock Exchange in the first quarter of this year was 4 billion yuan (HK $, the same below), a year-on-year decrease of 7%. The profit (net profit) attributable to shareholders was 2.262 billion yuan, a year-on-year decrease of 13%.
On the same day, the Hong Kong Stock Exchange released its first quarter earnings report for 2020. Benefiting from the increase in transaction and settlement fees caused by an increase in average daily turnover of about 20%, the main business income of the Hong Kong Stock Exchange increased by 19% year-on-year in the first quarter of this year, but compared with the investment income of 882 million yuan in the same period last year, the first quarter of this year The net investment loss reached 47 million yuan.
The chief executive of the Hong Kong Stock Exchange, Li Xiaojia, said that during the extraordinary period of the outbreak of the New Coronary Pneumonia epidemic, the main focus of the Hong Kong Stock Exchange's work is to ensure that the financial market continues to operate normally, fair and orderly and full of resilience. Despite the recent volatility and uncertainty in the market, the main business of the Hong Kong Stock Exchange in the first quarter of this year in the spot, derivative products and commodities still performed well. There are 39 listed companies, ranking first in the world.
However, he also pointed out that the Hong Kong Stock Exchange is inevitably affected by the macroeconomic environment. The sharp decline in global portfolio valuation has affected its investment income. At present, it has taken corresponding risk management measures and will continue to reduce the risks of investment plans.
Li Xiaojia also said that the Hong Kong Stock Exchange's strong interconnection plan will continue to optimize the market microstructure, and at the same time do a good job in cost and risk control. I believe that it will definitely be able to overcome challenges and ride the wind and waves in the future.
In addition, in response to a media reporter ’s question that he will no longer be the chief executive of the Hong Kong Stock Exchange after his contract expires in October 2021, Li Xiaojia said that the past 10 years have been the most exciting and exciting 10 years in his life. Many dreams have been realized through the "dream team" of the Hong Kong Stock Exchange. Before the contract expires, he will continue to focus on his job. (Finish)