Hong Kong’s securities industry experienced significant growth in net profits for the first half of 2024, rising 50% to $19 billion compared to the previous six months, and 29% year-on-year. This increase was driven by higher average daily market turnover and a record number of active clients, despite flat total income due to lower asset management revenue. Notably, virtual asset trading generated $77 million in revenue. Overall, the industry is showing resilience and expanding its product offerings, indicating a positive shift in investor sentiment and profitability.
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