The corporate flag for Hong Kong Exchanges & Clearing Ltd, right, and the Chinese flag, left, fly outside the Exchange Square complex in Hong Kong, China, on Sept 16, 2019. (PHOTO / BLOOMBERG)

HONG KONG - The Hong Kong Exchanges and Clearing Limited (HKEX) on Thursday announced its annual results for 2021, saying it recorded HK$20.95 billion ($2.68 billion) in its revenue and other incomes for the year, a 9 percent year-on-year growth.

According to the HKEX, Stock Connect revenue and other incomes in 2021 reached a record high of HK$2.72 billion, up 41 percent against 2020, accounting for 13 percent of its group total revenue and other incomes. 

Stock Connect revenue and other incomes in 2021 reached a record high of HK$2.72 billion, up 41 percent against 2020

Net investment income from corporate funds went down 16 percent compared with 2020, reflecting reduced interest income and lower fair value gains from collective investment schemes.

Chief Executive Officer of HKEX Nicolas Aguzin said that HKEX had a strong year in 2021 despite a turbulent macro backdrop and the ongoing COVID-19 pandemic, with its revenue and other incomes, and profit both reaching record highs. 

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The cash market turnover and both Stock Connect and Bond Connect volumes also achieved new highs, helping offset the impact of the low interest rate environment on investment income.