Stock Markets14 minutes ago (Feb 23, 2022 11:51PM ET)
(C) Reuters. FILE PHOTO: The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu
HONG KONG (Reuters) – The Hong Kong stock exchange operator’s 2021 net profit rose 9% but missed expectations, as China’s regulatory crackdowns resulted in fewer listings and struggling markets hurt its investment income.
Hong Kong Exchanges and Clearing reported on Thursday a full-year net profit of HK$12.5 billion ($1.60 billion), up from 2020’s HK$11.51 billion, but smaller than the HK$13.1 billion average of 27 analysts compiled by Refinitiv.
($1 = 7.8077 Hong Kong dollars)
Hong Kong bourse operator’s annual net profit rises 9%
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