Hong Kong Exchanges and Clearing Limited (HKEX) announced on Wednesday that its Q1 2023 revenue and other income was up 19 percent on the prior year to 5,558 million Hong Kong dollars (about 7.08 billion U.S. dollars).

The HKEX released its quarterly results for the three months ended March 31, 2023, showing that profit attributable to shareholders was 3,408 million Hong Kong dollars (about 4.34 billion U.S. dollars), up 28 percent year-on-year.

"Our clear strategy, commitment to offering our customers around the world more choice and opportunity and our resolute focus on our unique strength of connecting China and the World, is producing results," said HKEX Chief Executive Officer Nicolas Aguzin.

Aguzin noted that the year has got off to a very good start, with HKEX reporting one of its best quarters ever.

He said that despite economic fragility impacting market volumes worldwide, the group's derivatives market has gone from strength to strength this quarter.

Aguzin said that the HKEX will continue to execute its strategy, actively promote global dialogue and connectivity, and work with all its stakeholders to deliver shared sustainable success.