[Xinhua News] HKEX announced its results for 2020. The Group's revenue and other income for the year ended 31 December 2020 amounted to HK$192 (HKD), up 18% year-on-year, and shareholders' earnings increased 23% year-on-year to 115.05 yuan, both at a new all-time high. Of these, Hong Kong stocks will account for about 10% of company revenues in 2020, and HKEX Chairman Smyron calls Hong Kong equities a key driver of HKEX earnings.
THE BOARD DECLARED A SECOND INTERIM DIVIDEND OF $4.46 PER SHARE IN CONJUNCTION WITH THE FIRST INTERIM DIVIDEND PAID IN SEPTEMBER 2020 OF $3.71 PER SHARE AND A FULL-YEAR DIVIDEND OF $8.17 PER SHARE, SETTING AN ALL-TIME HIGH.
Looking back over the past year, HKEX Chairman Smith said that 2020 was a challenging year. We had an impressive track record, our core business continued to be strong. Against a backdrop of diversity and uncertainty, we are moving towards our realistic strategic goals. In the future, we believe that more new economy companies and companies returning to Hong Kong as the second listed companies can also drive future earnings growth.
Driven by strong growth in biotech and new economy company fundraising activities, HKEX was the world's second largest IPO in 2020 at HK$4002, an increase of 27% year-on-year to the highest since 2010 and 154 new listed companies in the year.
During the period, HKUST's revenue and other income reached a new high of 19.26 yuan,...