HKEx boosted by IPOs

Surge in listings drives first-half profit growth at HKEx, owner of the London Metal Exchange

Hong Kong Exchanges & Clearing shrugged off a prolonged slump in trading volumes as a boom in new listings lifted revenue for the first half of the year.

The stock exchange operator, known as HKEx, reported profit of $2.36 billion Hong Kong dollars (US$304.4 million) for the first half, a 2% increase from a year earlier. HKEx owns the London Metal Exchange.

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