Many of China’s listed brokerages have posted a reasonable growth performance in the first half of 2020 despite the averse impacts of the COVID-19 pandemic.
As of 31 August 39 A-share listed brokerages in China had released their 2020 first half performance reports, with over 60% posting YoY gains in both operating revenues and net profits.
Data from iFinD indicates that the operating revenues of these 39 brokerages totalled 228.99 billion yuan for the first half, while net profits were 73.102 billion yuan.
The total operating avenues of the top ten brokerages were 145.714 billion yuan, equal to over 60% of the total for A-share brokerages, while their net profits were 51.464 billion yuan, accounting for around 70% of the total.
CITIC Securities was far and away strongest performer with operating revenues of 26.744 billion yuan and net profits of 8.926 billion yuan.
Haitong Securities was the second strongest performer, closely followed by Guotai Junan Securities.
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