Chinese securities firms report robust growth in Q1

BEIJING -- Chinese securities firms recorded robust growth in the first quarter (Q1) of 2020, according to the Securities Association of China.

China's 133 listed brokerages saw their Q1 operating revenues and net profits reach 98.33 billion yuan (about $13.9 billion) and 38.87 billion yuan, respectively, said the association.

Its statistics also showed that 118 brokerages reported profit growth in the first three months.

By the end of March, the total assets of the 133 brokerages had reached 7.89 trillion yuan with net assets standing at 2.09 trillion yuan.

Their net capital totaled 1.67 trillion yuan, according to the association.