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Security broker commissions continued to drop in 2011
By Louise Ho |
March 14, 2012, Wednesday
|
Online Edition
Online Edition
COMMISSION received by securities brokers continued to drop with the average rate in 2011 dropping 1 percentage point year on year to 0.11 percent, the latest survey by the Shenzhen Stock Exchange showed today.
The result shows there is limited space for competition on commission for securities brokers, said the survey report.
The survey also reveals that the majority of investors in China's stock market last year were small investors.
Eighty-one percent of investors held securities account assets under 500,000 yuan (US$78,858), up 3 percent from 2010. The average securities account assets of investors were 413,000 yuan last year, a slight drop from 422,000 yuan in 2010.
The survey interviewed investors aged 25 to 55 in eight cities across China, such as Beijing and Shanghai, from December 2011 to January this year.
The result shows there is limited space for competition on commission for securities brokers, said the survey report.
The survey also reveals that the majority of investors in China's stock market last year were small investors.
Eighty-one percent of investors held securities account assets under 500,000 yuan (US$78,858), up 3 percent from 2010. The average securities account assets of investors were 413,000 yuan last year, a slight drop from 422,000 yuan in 2010.
The survey interviewed investors aged 25 to 55 in eight cities across China, such as Beijing and Shanghai, from December 2011 to January this year.
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