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Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce its annual results for the year ended 31 December 2021.
Nicolas Aguzin, Chief Executive Officer said: “HKEX had a strong year in 2021, despite a turbulent macro backdrop and the ongoing pandemic. Revenue and other income, and profit both reached record highs. Turnover on our Cash Market and volumes on both Stock Connect and Bond Connect achieved new highs, helping to offset the impact of the low interest rate environment on investment income. With a strong IPO pipeline, a new listing regime for SPACs and overseas issuers, an expanding product portfolio, as well as a range of new market microstructure enhancements, including holiday trading, I am confident that HKEX is well-positioned as a super-connector to play an increasingly important role in the fast-evolving global capital markets of the future.”
CHAIRMAN’S STATEMENT
2021 marked another year of good performance and growth for HKEX, despite challenges from the ongoing pandemic and the increased uncertainty over the global economic outlook. The continued resilience and strength of our businesses, together with various accomplishments and progress we achieved in 2021, enable us to stay competitive and relevant, and reinforce our leadership role in the regional and global capital markets. We are confident that our resolute focus on driving connectivity, innovation and sustainability across markets will continue to underpin our future success and promote long-term collective prosperity in Hong Kong and beyond.
Our Performance
Amid continuing market volatility in 2021 and a slowdown in the fourth quarter, our securities market in Hong Kong recorded strong average daily performance for the year; and our derivatives market also saw new highs in trading across various individual products. Both Stock Connect and Bond Connect continued to show robust growth, achieving new record levels in trading activity. Despite some softness in the second half reflecting the macro environment, Hong Kong’s IPO market had another solid year, raising a total of $331.4 billion for new listings, and the IPO pipeline remains very good as we move into 2022.
The LME continued to operate robust and efficient markets during the pandemic. As world metal trading remained under pressure, the chargeable average daily volume of metals contracts traded on the LME decreased by 4 per cent from 2020.
Total revenue and other income of the Group for the year ended 31 December 2021 reached a record high of $21.0 billion, up 9 per cent from 2020, resulting in a record profit attributable to shareholders of $12.5 billion, up 9 per cent.
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In the video below, HKEX Chief Executive Officer Nicolas Aguzin and Group Chief Financial Officer Vanessa Lau discuss the business results and outlook for the year ahead.
