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(Bloomberg) A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.Hong Kong Exchanges & Clearing Ltd. on Wednesday reported that profit rose 23% to a record HK$11.5 billion ($1.48 billion) in 2020.Incoming Chief Executive Officer Nicolas Aguzin is preparing to take the helm after a year when trading jumped 60%, the bourse saw the biggest initial public offering flood in a decade and inflows of cash through links to Shanghai and Shenzhen doubled. Political tension drove a bevy of high-profile Chinese firms to find a new home in Hong Kong on concern they would be booted off U.S. exchanges, their long-time source for funding.The boom has continued in 2021 and investors have cheered. The stock is up 150% in the past 11 months. The bourse is now the world’s biggest in terms of market value, far bigger than its London rival and four times as big as Nasdaq Inc., for example.The exchan

Hong kongCity ofUnited kingdomNicolas aguzinSteven leungLaura chaAlex wongCharles liLondon stock exchangeAlibaba group holding ltdHong kong exchanges clearing ltdAmple capital ltdChina securities regulatory commissionChina international capital corpNasdaq incNetease inc