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HONG KONG: Hong Kong’s bourse operator on Thursday reported an 18% profit rise in 2023, bolstered by higher net investment income from its managed funds while trading and listing activities remain sluggish due to a weaker macro sentiment.
The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd (HKEX) rose to HK$11.86 billion ($1.52 billion) last year from HK$10.08 billion in 2022, according to its earnings statement.
The profit, however, is smaller than a HK$12.05 billion average forecast from analysts compiled by LSEG.