Hong Kong Exchange Profit Jumps 56% on Trading, IPO Boom (1)

Hong Kong’s stock exchange reported another record quarter as trading and initial public offerings jumped.

Net income at Hong Kong Exchanges & Clearing Ltd. rose to HK$4.9 billion ($630 million) in the third quarter, according to a statement Wednesday. That beat a consensus estimate of HK$4.71 billion, according to a Bloomberg survey.

“HKEX continued to capture the momentum of global diversification and attractiveness of Chinese assets,” said Bonnie Chan, HKEX’s chief executive officer, in a statement.

Hong Kong is on track to set a four-year high in IPO fundraising this year, helped by an inflow in share sales from mainly ...