China's major securities brokers report over 360 bln yuan in 2019 revenue

Source: Xinhua | 2020-03-02

China's major securities firms raked in 360.48 billion yuan (about 51.57 billion U.S. dollars) of total revenue in 2019, latest data from an industry association showed.

Net profits of the country's 133 listed securities brokers stood at 123.1 billion yuan, and 120 of them were profitable last year, according to the Securities Association of China (SAC).

The total assets of the 133 firms totaled 7.26 trillion yuan by the end of last year, with their net assets and net capital at 2.02 trillion yuan and 1.62 trillion yuan, respectively, SAC data showed.