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28 Apr, 2021 Author Rebecca Isjwara
Hong Kong Exchanges and Clearing Ltd. is facing a softening in trading volumes as it enters the second quarter after a record performance in the first three months of 2021, though the bourse operator expects to attract more liquidity from mainland China and stay one of the world s top IPO destinations. It s only April, I can t say too much about the projection of the second quarter, the exchange s interim CEO Calvin Tai said at an April 28 earnings call with journalists. When I say softer, it s in comparison to the first quarter, which is exceptional. If we look at April volume, even though we said softer, it s still roughly 20% higher than the ADT [average daily turnover] last year. While the market liquidity is still pretty high, we ve seen that it s not as high as in January or February.