China's $2.5 trillion savings could bring 'opportunities for growth,' HKEX CEO says
Publishing timestamp: 2023-02-24 01:01:10
Summary
HKEX's CEO Nicolas Aguzin told CNBC that the excess savings from Chinese households could be growth opportunities and will likely bring "active" economic performance for Hong Kong Exchanges and Clearing. Despite a 20% drop in profits for the year, the fourth quarter saw a record high with a 11% jump compared to 2021. Aguzin believes there is value to having "more international interaction" and is excited about the opportunity to attract Saudi Aramco, a state-owned oil giant in Saudi Arabia.
Sentiment: POSITIVE
Tickers: 388-HK,
Keywords: business news, earnings, stock markets, china, financials, hong kong exchanges and clearing ltd, world economy,