HKEX income went up 28% YoY in Q1

The profit attributable to shareholders grew to $3.4m in the first quarter of 2023.

In the first few months of 2023, the Hong Kong Exchanges and Clearing Limited (HKEX) reported $3.4m in earnings, 28% higher than the $2.6m in the same period in 2022.

Core business revenue was up “5% against Q1 2022, reflecting higher net investment income from Margin Funds and Clearing House Funds, partly offset by lower trading and clearing fees and lower listing fees.”

“Net investment income from Corporate Funds was $549m in the first quarter of 2022 reflecting net fair value gains on the externally-managed investment funds (External Portfolio) of $195m,” said HKEX.

Operating expenses were up 11% in Q1 2022 and 3% lower than Q4 2022 due to higher staff costs and professional fees.