Caixin
Feb 24, 2022 03:50 PM
FINANCE

HKEX May Post Worst Quarterly Profit Since China Crackdown

The flag of the Hong Kong Special Administrative Region, right, flies alongside the flag of China outside the Exchange Square complex, which houses the Hong Kong Stock Exchange. Photo: Bloomberg
The flag of the Hong Kong Special Administrative Region, right, flies alongside the flag of China outside the Exchange Square complex, which houses the Hong Kong Stock Exchange. Photo: Bloomberg

(Bloomberg) — Hong Kong’s stock exchange is poised to report its worst quarterly earnings in two years as China tightened scrutiny on offshore listings and widened a crackdown that has roiled markets and hit trading turnover.

Net income at Hong Kong Exchanges & Clearing Ltd. may drop 10% in the three months through December to HK$2.69 billion ($345 million), according to a Bloomberg survey of five analysts. The result follows two straight quarters of profit decline.

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