Hong Kong Exchange profit surges by 56% driven by increased trading volume and IPOs.

The quarterly performance announced by the Hong Kong Stock Exchange has broken records again, driven by growth in trading and initial public offerings. According to a announcement released on Wednesday, the net profit of the Hong Kong Stock Exchange in the third quarter increased to 4.9 billion Hong Kong dollars, higher than the survey's expected 4.71 billion Hong Kong dollars. Charles Li, Chief Executive Officer of the Hong Kong Stock Exchange, stated in the announcement, "The Hong Kong Stock Exchange continues to seize the opportunities presented by the global trend towards diversified asset allocation and the attractiveness of Chinese assets." Hong Kong's IPO financing this year is expected to reach the highest level in four years. Stock and derivative trading volumes have also reached record levels this year.