hkex\s profit drops 20 in 2012
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

HKEx\'s profit drops 20% in 2012

Arab Today, arab today

Arab Today, arab today HKEx\'s profit drops 20% in 2012

Hong Kong - XINHUA

The profit before taxation of Hong Kong Exchanges and Clearing Limited (HKEx) in 2012 is about 4. 85 billion HK dollars (around 625 million U.S. dollars), a significant decline of 20 percent from 2011, according to the annual result unveiled Wednesday. According to the result, the average daily turnover value on the Stock Exchange suffered great loss from 69.7 billion HK dollars in 2011 down to 53.9 billion HK dollars in 2012. New listings and Initial Public Offerings (IPO) fundraising also dropped last year. Chairman of HKEx Chow Chung Kong believed the performance was mainly due to the sector\'s post-financial crisis slowdown in advanced economies and slower growth in the mainland of China. However, HKEx\'s acquisition of London Metal Exchange (LME) last year was a significant milestone for the company, giving the company new capabilities and positioned it to broaden its ties with the mainland of China, said the chairman\'s statement. \"We will work closely with our LME colleagues to expand LME\'s current business, move into new areas, and develop its untapped potential,\" said the statement. The range of RMB products in the markets of HKEx expanded in 2012 as more issuers used the company\'s listing facilities for RMB products, said the statement. In the securities market, there were more RMB bond listings, including the first by the Central Government\'s Ministry of Finance, as well as the first RMB Exchange Traded Funds (ETF) and RMB equity security listings. In our derivatives market, RMB Currency Futures, the world\'s first exchange-traded deliverable RMB futures, was introduced. \"RMB products constitute an important part of our strategy to take advantage of opportunities from the internationalization of the RMB and outward investment from the mainland of China,\" said the statement. Looking into the future, Chow believed the quantitative easing policies implemented in the key financial markets including Europe, Japan and the United States, would help improve market sentiment. Nonetheless, the low interest rates and expansion of money supply could cause higher inflation than desired. The effectiveness of these easing policies on improving the performance of the global economies is yet to be proven. Hong Kong would however continue to benefit from the progress of the mainland China\'s economy in 2013. \"Our markets experienced increased turnover at the end of last year and the beginning of this year, and we saw renewed investor interest in IPOs. While the global economic outlook remains challenging, we believe we are well positioned to weather any storms that might come our way,\" Chow said in the statement. (1 U. S. dollar equals 7.756 HK dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hkex\s profit drops 20 in 2012 hkex\s profit drops 20 in 2012

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hkex\s profit drops 20 in 2012 hkex\s profit drops 20 in 2012

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday