HKEX said its revenues in the first quarter was up 19 per cent to HK$5.56 billion, the second-highest on record, mainly due to higher net investment income from margin funds and clearing house funds.
"The year has got off to a very good start, with HKEX reporting one of its best quarters ever," said Nicolas Aguzin, HKEX's chief executive. HKEX's profit increase comes as challenging macroeconomic conditions have continued to impact capital markets. HKEX's trading fees of equity products for the first quarter were $836 million, a 13 per cent decrease compared with the total trading fees and tariffs of $962 million in the first quarter last year.
Source: News Formal (newsformal.com)
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