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
Company

GF Securities profit to surge 70-95 pct in Q1

April 15, 2019


Abstract : GF Securities Co. Ltd. forecast its net profit to surge by 70 percent to 95 percent year-on-year in the first quarter of 2019 amid a stock market rally.

SHENZHEN, April 12 (Xinhua) -- GF Securities Co. Ltd. forecast its net profit to surge by 70 percent to 95 percent year-on-year in the first quarter of 2019 amid a stock market rally.

In a filing to the Shenzhen Stock Exchange, the Guangzhou-based brokerage said it was expected to report a net profit of 2.59 billion yuan to 2.98 billion yuan (385 million to 443 million U.S. dollars) in the January-March period.

Its asset management business, trading and institution business and investment management business all reported growth in revenues, thus leading to the surge in net profit, the firm said.

China's stock markets made a strong rebound in the first three months of the year, with transactions rising on recovering investor confidence. The benchmark Shanghai Composite Index soared 23.9 percent in the period.

In 2018, GF Securities' net profits slumped nearly 50 percent year-on-year to 4.3 billion yuan amid poor stock market performances.

Scan the QR code and push it to your mobile phone

Keyword: securities-firms GF-securities

Reading:

China's securities market has great potential in attracting foreign investors, PBOC official

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