Hong Kong Exch & Clearing (HKXCF) Q4 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to HKEX 2020 Annual Results Analyst Presentation. Today, we are very pleased to have our Interim Chief Executive, Kelvin Tsai, our Co-President, Romy Lambert, and our Group CFO, Vanessa Lau. We will talk about our key highlights of 2020, our financial performance, as well as strategic and business updates. We will then open the floor to take your questions, either via webcast or audio. With no further ado, over to you, Kelvin. Thank you, Ricky. Well, thank you all. Good afternoon, good evening, good day. I think today must be a very busy day for all of us. Well, I'm very pleased and proud here today announcing the results for HKEX year 2020. It's a set of very strong results we would like to share with you. This is a very difficult year, unusual and also extreme volatility, especially during March 2020. I think all our stakeholders, our market participants and my colleagues actually have done a very good job. We survived all the turmoil and volatility and all the challenges unprecedented and we managed to get a set of very good results. We are very pleased and proud. In terms of financial performance, if you look at slide 4, there's a set of records that I don't want to run through them one by one, but I just want to highlight a few. Record year for three consecutive years. I think this is something we hope we can, well, we believe we will continue to work very hard and keep the record. Revenue & Income $19.19B, Core Business up by 24% Trading & Clearing Fees, Cash Market driven by Record Average Daily Turnover AutoConnect program both at StockConnect and BondConnect performed well. StockConnect contributed roughly 10% of the overall revenue which has been growing very fast and very promising. Net investment income down 1...