HKEX Posts Record Quarterly Profit On Trading, Listings Boom (2)

Hong Kong’s stock exchange operator churned out a record profit last quarter and beat estimates, as the bourse rode a trading boom spurred by global market volatility and a spate of local listings.

Hong Kong Exchanges & Clearing Ltd. reported net income of HK$4.08 billion ($526 million) in the three months ending March 31, up 37% from a year earlier, according to a statement Wednesday. That topped the HK$3.98 billion average estimate of four analysts.

The bourse’s trading and listings have picked up since late last year after China signaled greater support to the private sector, and as US President ...