HKEX trading fee drops as protests dent sentiment, but CEO hopeful of big IPOs [Reuters]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Reuters
HKEX trading fee drops as protests dent sentiment, but CEO hopeful of big IPOs - Reuters 3 Min Read HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd (HKEX) ( 0388.HK ) reported a 21% drop in trading fee for the first half of the year, as the Sino-U.S. trade war and political unrest in the Asian financial hub hurt market sentiment. Charles Li, CEO of the stock exchange operator, told reporters on Wednesday that Hong Kong would weather the latest turmoil as it had previous ones including the SARS epidemic in 2003. “We seem to be quite resilient. I personally have strong confidence that we will walk out of this, quite ok,” Li said. Ten weeks of increasingly violent clashes between police and pro-democracy protesters, angered by a perceived erosion of freedoms, have plunged Hong Kong into its worst crisis since it reverted from British to Chinese rule in 1997. “This is not helpful. As a financial center, trust and confidence are important. In this regard we clearly need to sor
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