HKEX's Charles Li: Average daily turnover of Hong Kong stocks in March and April has significantly rebounded, investor confidence is somewhat restored

Charles Li, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEX), stated that the group delivered a strong performance in the first quarter of this year. Despite a weak global macro environment, the derivatives and commodities business segments continued to perform well. The average daily turnover in March and April showed a significant increase, indicating a recovery in investor confidence. The trading volume under the Stock Connect program kept rising, while the Bond Connect program achieved a quarterly record high trading volume. HKEX's quarterly results revealed an increase in revenue and other income compared to the previous period, with net profit attributable to shareholders also exceeding expectations. Charles Li believes that the measures taken by the China Securities Regulatory Commission will further enhance the attractiveness of Hong Kong's capital market. The group remains optimistic and bullish on the long-term growth trend of the Chinese economy