BUSINESS Chinese securities firms report robust growth in Q1

BUSINESS

Chinese securities firms report robust growth in Q1

Xinhua

18:15, April 24, 2020

Chinese securities firms recorded robust growth in the first quarter of 2020, according to the Securities Association of China. (Photo: Sipa)

BEIJING -- Chinese securities firms recorded robust growth in the first quarter (Q1) of 2020, according to the Securities Association of China.

China's 133 listed brokerages saw their Q1 operating revenues and net profits reach 98.33 billion yuan (about $13.9 billion) and 38.87 billion yuan, respectively, said the association.

Its statistics also showed that 118 brokerages reported profit growth in the first three months.

By the end of March, the total assets of the 133 brokerages had reached 7.89 trillion yuan with net assets standing at 2.09 trillion yuan.

Their net capital totaled 1.67 trillion yuan, according to the association.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue