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HKEx sees just US$9m revenue boost from Stock Connect
Published Thu, Mar 5, 2015 · 09:50 PM
Hong Kong
HONG Kong's stock exchange operator said on Thursday a stock connect programme with Shanghai that launched on Nov 17 contributed just US$8.8 million to revenue last year, showing how disappointing trading on the programme has capped profit growth.
Hong Kong Exchanges and Clearing Ltd, as it is formally known, said in a filing in Hong Kong that the stock connect programme contributed HK$68 million (S$12 million) in revenue in 2014. Fourth-quarter profits were HK$1.52 billion according to a Reuters calculation from company figures.
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