Reporter Li Yucheng, Intern Reporter Li Wenshan Jie Shihao
At noon on October 19, Hong Kong Exchange and Clearing House Co., Ltd. (hereinafter referred to as "Hong Kong Exchange" or "Hong Kong Stock Exchange") announced its third quarter results for 2022. Compared with the second quarter of this year, its performance has rebounded. In terms of new shares, the total amount of fundraising for the Hong Kong Stock Exchange in the third quarter reached HK$53.5 billion, which is as much as twice the total amount of fundraising for the first half of this year.
"Although the global economy of is weak, the interest rate hike cycle is coming, inflation pressure rises and geopolitical continues to be tense, the Hong Kong Stock Exchange still achieved relatively stable results in the third quarter. Although the financial data is down from the record set in the same period last year, and the spot market performance continues to be weak, the new stock market shows signs of recovery, derivatives market trading is booming, and the Shanghai-Shenzhen-Hong Kong Stock Connect and Bond Connect continue to perform strongly." Hong Kong Stock Exchange Group CEO UEFA Champions League told a reporter from Securities Daily.
The third quarter performance rose month-on-month
It is reported that the Hong Kong Stock Exchange's third quarter performance is divided into six parts, namely post-trading business, spot, equity securities and financial derivatives, commodities, technology, and company projects; the total revenue and other income was HK$4.318 billion, a year-on-year decrease of 19% and a month-on-month increase of 2%; the EBITDA was HK$2.984 billion, a year-on-year decrease of 28% and a month-on-month increase of 2%; the profit attributable to shareholders was HK$2.263 billion, a year-on-year decrease of 30% and a month-on-month increase of 4%.
In addition, the Hong Kong Stock Exchange's revenue and other income in the first three quarters of 2022 were HK$13.255 billion, a year-on-year decrease of 18%. explained that the Hong Kong Stock Exchange that due to the decline in the average daily transaction amount, the transaction and settlement fees fell, and the reduction in the deposit service fee for the initial public offering of electronic subscriptions, the revenue of major businesses has declined, but the increase in net margin investment income has offset some of the reduction.
derivative products market performed well. in the first three quarters of 2022, the number of derivative products transaction contracts reached a new high. The average daily transaction contract number during the period increased by 26% compared with the first three quarters of 2021. On the one hand, it is because of the increase in demand for hedging due to the repeated fluctuations in the market conditions, and on the other hand, it is also because the market demand for newly launched derivative products on the Hong Kong Stock Exchange has increased.
It is worth mentioning that the Hong Kong Stock Exchange stated that the Shanghai-Shenzhen-Hong Kong Stock Connect operated smoothly in the first three quarters of 2022, with the average daily transaction amounts of northbound and southbound transactions being RMB 101.3 billion and HK$29.1 billion respectively; the revenue and other income of the Shanghai-Shenzhen-Hong Kong Stock Connect reached HK$1.726 billion, of which HK$1.284 billion came from transactions and settlement activities.
"From the quarterly perspective, the performance of the Hong Kong Stock Exchange in the third quarter has improved. I hope that the relatively poor time this year has passed. Looking forward to the overall performance of the fourth quarter and the whole year, we will be more cautious." Baihui Securities strategist Cen Zhiyong told the Securities Daily reporter.
new stock fundraising amount was twice that of the first half of
Hong Kong IPO new stock market performed well in the third quarter of 2022. During the period, a total of 29 new stocks were listed, with a fundraising amount of HK$53.5 billion, more than double the fundraising amount in the first half of 2022, including China Duty Free Group, the largest new stock in the whole year. In the first three quarters of 2022, a total of 56 new stocks were raised, with a total fundraising of HK$73.2 billion.
The number of Chinese stocks listed in that returned to list in the first three quarters of 2022 is still considerable. Among them, Noah Holdings, NIO and Tencent Music completed the second listing, and Zhihu , Beike Holdings, One Account, Mingcai Youpin , etc. completed the dual main listing. In addition, in June and October 2022, the Hong Kong Stock Exchange welcomed Zai Lab and Bilibili first to transfer from the second listing to the main listing on the main board. Alibaba , Parkson China and Noah Holdings also announced plans to change to dual listings. The trend of
from a second listing to a dual listing is constantly strengthening, consolidating Hong Kong's role as the first choice of high-quality market for Chinese stocks to return to list. In addition, in the first three quarters of 2022, a total of four SPAC companies were listed in Hong Kong, raising a total of HK$4 billion. It is reported that as of September 30 this year, a total of 144 listing applications are being processed, including three SPAC listing applications that are still being processed.
According to China News Network on October 19, Li Jiachao, Chief Executive of the Hong Kong Special Administrative Region of China, issued the first "Policy Report" of this SAR government today, saying that in terms of improving the internationalization of financing platform , the Hong Kong Stock Exchange will modify the main board listing rules next year to facilitate the financing of advanced technology enterprises that have not yet made profits or performance support; at the same time, it is conceived and activated GEM (formerly known as GEM ) to provide a more effective financing platform for small and medium-sized and start-ups.
picture | Site Cool Heluo Baotu.com
production | Zhang Xin
review | Zhang Min
edit | Shangguan Monroe
final review | Li Hui
