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Hong Kong exchange profit down 20%, challenges to persist: CEO

Last year's full-year figure of $1.28bn beats consensus forecast

Hong Kong Exchanges and Clearing (HKEX) posted a profit of HK$10.078 billion in 2022, beating the average forecast of HK$9.92 billion, according to Refinitiv. (Photo by Rie Ishii)

HONG KONG (Reuters) -- Hong Kong's bourse operator reported a better-than-feared full year profit decline for 2022 as geopolitical tension curbed trading and listing activity, but its chief executive was cautious about the year ahead despite signs of a recovery.

Profit attributable to Hong Kong Exchanges and Clearing (HKEX) last year fell 20% to $10.078 billion Hong Kong dollars ($1.28 billion), beating an average forecast of HK$9.92 billion, according to Refinitiv.

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