Morgan : HKEX not wholly depends on transaction volume

According to the report of Morgan Stanley Dean Writter, only 32% income of HKEx(0388) in 2000 depended on market transaction volume while most income was  from other businesses including charges for listing, information, trust, and rate of bail accounts. So the profit of HKEX not wholly depended on market transaction volume. Despite of certain pressure brought by shrinkage of market transaction volume, HKEX was less sensitive and stronger than forecast due to support of other businesses.

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