HK bourse's profit beats estimates

By Reuters

Oct 24, 2024 12:14 am

HONG KONG — Hong Kong's bourse operator reported a 7-perecent rise in third-quarter profit on Wednesday, ahead of forecasts, as China's stimulus package and interest rate cuts by global central banks fueled trading and listing activities.

The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd. (HKEX) rose to HK$3.15 billion ($405.30 million), up from HK$2.95 billion in the third quarter of last year.

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