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Business Recorder Logo
May 10, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Hong Kong stock exchange

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year
Markets

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

  • Shandong-based Hongqiao posted annual net income of 10.5 billion yuan ($1.62 billion) last year, according to a filing to the Hong Kong stock exchange on Friday.
  • Revenues were up only 2.3% year-on-year to 86.14 billion yuan, however, with Hongqiao also attributing its bumper earnings to lower production costs and lower impairment losses compared with a year earlier.
Published 05 Mar, 2021 06:05pm
Hong Kong stock exchange names JPMorgan's Aguzin as new chief executive
Markets

Hong Kong stock exchange names JPMorgan's Aguzin as new chief executive

  • Aguzin will have to balance the wishes of authorities in Beijing, international institutions, and Hong Kong local brokers and traders.
  • He will replace Charles Li, another former JPMorgan banker, who announced his resignation as CEO of Hong Kong Exchanges and Clearing (HKEX) in May.
Published 09 Feb, 2021 06:18pm