Last year was a tough one for the Hong Kong Stock Exchange of (HKSE), with the bourse operator posting revenue of 18.4 billion yuan (US$2.7 billion) last year, down 12 percent compare with the year of 2021 which marked a record high.
Only 90 companies went public in Hong Kong last year, raising HK$105 billion, down more than 60 percent year on year.
Against a challenging macroeconomic and geopolitical backdrop, Hong Kong’s financial markets continued to demonstrate their resiliency and robustness, with the second half of the year showing signs of encouraging momentum in the IPO market and a strong performance in derivatives.
But HKSE is confident that recovery is on the way. A proof of that is net profit in Q4 soared 11 percent to HK$2.98 billion.
Last year, the market capitalization of the securities market at HKSE amounted to over 35 trillion Hong Kong dollars (US$4.5 trillion), an increase of almost ten trillion Hong Kong dollars compared to the previous year.
