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Brokers generate profit
Source: Xinhua |
February 10, 2015, Tuesday
|
Print Edition
Print Edition
CHINESE brokerage firms posted big profits in January, boosted by easing measures from policy-makers.
The combined net profits of 20 listed firms totaled 8.11 billion yuan (US$1.3 billion) in January with aggregate revenues hitting 16.83 billion yuan, data from the Shanghai and Shenzhen bourses disclosed yesterday.
Citic Securities and China Merchants Securities were the top-two earners in January with net profits of 2.11 billion yuan and 1.74 billion yuan, respectively.
Their strong performance was due to easing measures from the central government.
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