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HKEX reports its best second quarter on record as IPOs, stock trading revive in Hong Kong

Hong Kong Exchanges and Clearing Limited (HKEX) reported its best second quarter on record, as initial public offerings (IPOs) and stock trading returned amid a leadership change at the city's bourse. Net profit at the operator of the world's fourth-largest stock market rose 9 per cent to HK$3.16 billion (US$405 million), or HK$2.49 per share, in the three months ended June, in line with market estimates. Sales increased 8 per cent to HK$5.4 billion during the quarter, also meeting analysts' for