Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Profits of Chinese brokerages surge in February

March 07, 2019


Abstract : China's listed securities brokerage firms saw surging profits and revenues in February boosted by rising stock indices, Shanghai Securities News reported Thursday.

BEIJING, March 7 (Xinhua) -- China's listed securities brokerage firms saw surging profits and revenues in February boosted by rising stock indices, Shanghai Securities News reported Thursday.

As of Wednesday night, combined net profits of 28 listed brokerage firms that have released financial reports totaled 8.19 billion yuan (1.2 billion U.S. dollars) in February, up 44.1 percent month on month.

The aggregate revenues of these firms rose 9.5 percent month-on-month to reach 17.57 billion yuan last month, said the newspaper.

Guotai Junan Securities and Haitong Securities were the top two earners last month with their net profits amounting to 993 million yuan and 934 million yuan, respectively.

The sector's strong performance was attributed to bullish Chinese shares last month. The benchmark Shanghai Composite Index surged 5.6 percent to close at 2,961.28 on Feb. 25, the highest close since mid-June 2018.

Scan the QR code and push it to your mobile phone

Keyword: revenue securities brokerage

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial