HKEX Saw 18% Yearly Decline in Revenue During H1 2022

Hong Kong Exchanges and Clearing Limited (HKEX) today announces its financial figures for the first half year of 2022 ended 30 June, showing a significant drop in revenue and profits.

More specifically, the operator recorded revenue and other income of HK$8,937 million, 18 percent lower than the first six months of 2021. Operating expenses were 11 percent higher than 1H 2021 to reach HK$2,4561 million.

During the period, the exchange's EBITDA margin totaled 77 percent, down 7 percent on a YoY basis. Moreover, profit attributable to shareholders declined to HK$4,836 million, 27 percent lower than the previous year.

"In the first half of 2022, global financial markets were characterised by high levels of volatility and weak market sentiment, reflecting economic fragility, geopolitical tensions, including the war in Ukraine, inflationary pressures and the continuing impact of the pandemic. While HKEX was not immune to the impact of these, our organisation and our markets continued to demonstrate their robustness and resilience,"HKEX Chairman, Laura Cha said.

Earlier this month, HKEX has announced the listings of the first A-share structured products, MSCI China A 50 Connect Index Derivatives Warrants, further enhancing Hong Kong's role as an offshore A-share risk management centre.