HKEX Chief Executive Charles Li and Group Chief Financial Officer John Killian presented the bourse operator's 2019 interim results at HKEX Connect Hall this afternoon, with Li updating the audience on HKEX's strategic plan at a briefing for reporters and analysts.
"HKEX had a solid first half in 2019 despite a more challenging political and economic backdrop. Record Stock Connect revenue, a robust IPO pipeline and good returns from investment income offset some macro-driven softness in Cash Market volumes. We were also pleased to see encouraging performances from Bond Connect and our Derivatives Market. We continue to focus on executing our 3-year strategic plan, maintaining good cost discipline and capturing further growth opportunities," Li said.
Chief Executive Charles Li
For the first six months of 2019, HKEX's total revenue amounted to HK$8.58 billion with profit of HK$5.21 billion, up 5 per cent and 3 per cent respectively from the same period in 2018. Stock Connect generated record half-yearly revenue of HK$508 million, of which HK$356 million arose from trading and clearing activities.
Group Chief Financial Officer John Killian
Tap Read More for details of HKEX's 2019 interim results.