Bronze sculpture of a bull, the symbol of the Hong Kong stock exchange, at the Exchange Square in Central. Photo: Warton Li

HKEX’s third-quarter profit beats estimates even as turnover, fundraising were hit by protests

  • Hong Kong Exchanges and Clearing’s profit in the third quarter stood at HK$2.2 billion (US$280 million)
Topic |   HKEX

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Bronze sculpture of a bull, the symbol of the Hong Kong stock exchange, at the Exchange Square in Central. Photo: Warton Li
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Budweiser Brewing Company APAC Limited’s chief executive officer Jan Craps (left) and the company’s executive director Frank Wang striking a ceremonial gong during the September 30 listing ceremony at the Hong Kong Stock Exchange. Photo: Bloomberg

Is money fleeing Hong Kong? Not according to the initial public offerings dipping into one of Asia’s deepest capital pools

  • The city has hosted two IPOs of more than US$1 billion since early June: Budweiser’s US$5 billion offering in September, and ESR Cayman’s US$1.45 billion this month
  • Companies have raised US$18.6 billion in the city so far this year, ranking Hong Kong behind New York Stock Exchange and Nasdaq globally
Topic |   IPO

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Budweiser Brewing Company APAC Limited’s chief executive officer Jan Craps (left) and the company’s executive director Frank Wang striking a ceremonial gong during the September 30 listing ceremony at the Hong Kong Stock Exchange. Photo: Bloomberg
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