Hong Kong Exchanges and Clearing (HKEX) released its financial results for 2021, reporting a record year for annual profits with a 9% jump to HK$12.54 billion.
Earnings per share reached HK$9.9 during the year, up 9% from 2020.
The Asian exchange operator’s total revenue for the year was HK$21 billion, up 9% from a year earlier. This was largely driven by core business revenue which recorded HK$20.1 billion in 2021.
Nicolas Aguzin, CEO said:
HKEX had a solid year in 2021, despite a turbulent macro backdrop and the ongoing pandemic. Revenue and other income, as well as profit, both reached record highs. Revenue in our spot market and volumes on Stock Connect and Bond Connect reached new highs, helping to offset the impact of the low interest rate environment on investment income.
With a strong IPO pipeline, a new listing regime for SPACs and foreign issuers, an expanding product portfolio, as well as a range of new market microstructure enhancements, including holiday trading , I am confident that HKEX is well positioned as a super-connector to play an increasingly important role in the rapidly changing future global capital markets.