China's $2.5 trillion savings could bring 'opportunities for growth,' HKEX CEO says

Hong Kong Exchange and Clearing's CEO Nicholas Aguzin said excess savings from Chinese households will bring 'active' economic performance from China.

He said he sees about $2.5 trillion dollars in excess savings accumulated by Chinese households during Covid.

Meanwhile, HKEX saw a record fourth quarter high, with its profit attributable to shareholders at HK$2.98 billion, an 11% jump compared to 2021.Stock Chart Icon"We will continue to see the release of Mainland China's domestic savings, the exponential growth of investment flow in and out of the Mainland, and the acceleration of international participation in the Mainland's economy," he said in the release.

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