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Third-quarter profit of Hong Kong exchanges and clearing increased by 30%

Third-quarter profit of Hong Kong exchanges and clearing increased by 30%


October 20, 2023, 12:42 a.m. ET

Hong Kong Stock Exchanges and ClearingThird-quarter net income grew steadily, supported by higher net investment income.

The exchange operator announced on Friday that its third-quarter net profit rose 30% from the same period a year earlier, to HK$2.95 billion ($377.1 million). This compares to a 31% year-on-year increase in the first half.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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