Hong Kong Exchange CEO Sees Boost From China Diversification

Bourse CEO Bonnie Chan reports her first full-quarter period
Stock trading picks up, IPOs improve in the second quarter

Bonnie ChanPhotographer: Lam Yik/Bloomberg

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By Sharon Chau and Stephen Engle

August 21, 2024 at 12:17 AM EDT

Updated on

August 21, 2024 at 5:30 AM EDT

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Hong Kong Exchanges & Clearing Ltd. is benefiting from mainland Chinese investors in need of diversifying their holdings at a time of turbulence in markets from Shanghai to Shenzhen.

Flows in the trading link that connects Hong Kong with mainland markets jumped 47% in the second quarter from a year earlier period, the bourse said in a statement on Wednesday. That helped profit rise by 9% in the period.