Article: SECURITIES FIRMS H1 MADE CNY41BN BROKERAGE INCOME


AsiaInfo Services
07-22-2009
Securities Firms H1 Made CNY41bn Brokerage Income

SHANGHAI, Jul 22, 2009 (SinoCast Daily Business Beat via COMTEX) -- Fifty-two securities companies in China brought in CNY 41.06 billion net income from brokerage service in the first half of the year, accounting for 67.1 percent of total last year, according to data from authoritative media.

The securities sector racked up about CNY 62.4 billion revenue from the brokerage business in the first six months in terms of the market share dealers held respectively.

The Chinese stock market, after tumble for a year, has been rebounding for nearly nine months and turnover has been keeping expansion. The 52 companies made ...

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