| HKEx's profit up 15 pct in 1st half |
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| Thursday,August 18,2005 Posted: 10:14 BJT(0214 GMT) Xinhuanet |
HONG KONG, Aug. 17 (Xinhuanet) -- Hong Kong Exchanges & Clearing (HKEx) recorded a profit of 571 million Hong Kong dollars (73.21 million US dollars) in the first half of the year, up 15 percent over the same period last year, HKEx announced here Wednesday.
According to HKEx, the rise was attributable to a surge in investment income, mainly due to higher interest income resulting from rising interest rates and increased fund size, and the rise in Stock Exchange listing fees due to the higher number of listed securities and newly listed derivative warrants.
HKEx said that the period saw 19 companies listed on the Main Board and two on the Growth Enterprise Market. Total capital raised, including post-listing funds, reached 124.7 billion Hong Kong dollars (15.99 billion US dollars).
The number of companies listed on the Main Board and Growth Enterprise Market at the end of June were 901 and 203.
Paul M Y Chow, chief executive of HKEx, said that HKEx has benefited from steady economic growth on the Chinese mainland and successfully attracted the listings of major enterprises from there, including some of the world's largest initial public offerings.
According to Chow, mainland enterprises raised 58.5 billion Hong Kong dollars (7.5 billion US dollars) on the Main Board and Growth Enterprise Market in the first half of 2005.
These listings have further strengthened HKEx's role as a mainland partner in capital raising and as the most liquid market for the trading of mainland-related securities and derivatives, said Chow.
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