China News Service, Hong Kong, November 11 (Reporter Shi Bingyun) The Hong Kong Stock Exchange (HKEx) released its results for the first three quarters of 2020 on the 11th. During the period, the group's revenue and profitability reached new highs.
Hong Kong Stock Exchange Chief Executive Li Xiaojia is confident that the Hong Kong Stock Exchange will play an important role in the international market in the future.
The performance announcement issued by the Hong Kong Stock Exchange on the 11th showed that in the first three quarters of 2020, the revenue of the Hong Kong Stock Exchange increased by 12% from the same period last year to 14.1 billion yuan (HK$, the same below), of which main business income rose 21% to 12.6 billion yuan.
Earnings rose 16% from the same period last year to 8.58 billion yuan.
Li Xiaojia said that despite the turbulent macroeconomic environment, the Hong Kong Stock Exchange performed well in the first nine months of 2020.
The main reason is that the spot market, Shanghai-Shenzhen-Hong Kong Stock Connect and Bond Connect are active, and the initial public offering market is improving.
The Hong Kong IPO market continued to improve.
According to statistics, a total of 104 companies were listed on the Hong Kong Stock Exchange in the first three quarters of 2020, including the second-listed large Chinese concept stocks Netease, JD.com and Yum China, with a total of 215.9 billion yuan.
In terms of the amount of funds raised, it ranks third in the world, and fourth in terms of the number of new shares.
The Hong Kong Stock Exchange's performance announcement pointed out that despite the challenges in the market, the Hong Kong spot market still showed strong strength during the period.
Li Xiaojia said that the Hong Kong Stock Exchange will continue to steadily advance the Strategic Plan 2019-2021, prepare for future development opportunities, and manage costs and risks prudently.
With the active market transactions, the attractiveness of the IPO market and the continuous enrichment of investment products, the Hong Kong Stock Exchange will continue to play a more important role in the global market.
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