China's securities firms report over 342b yuan of revenue in Jan-Sept

BEIJING - China's 135 securities brokers saw their operating revenues reach 342.38 billion yuan (about $52 billion) in the first three quarters, according to the Securities Association of China.

In breakdown, revenues from securities trading came in at 90 billion yuan, while that of securities underwriting and sponsoring business, and asset management stood at 43.16 billion yuan and 21.26 billion yuan respectively during the period, the association said.

The net profits of the securities companies totaled 132.68 billion yuan in the first nine months, according to the association.

By the end of September, the total assets of the securities brokers reached 8.57 trillion yuan, with the net assets standing at 2.24 trillion yuan.

The net capital of these securities companies totaled 1.79 trillion yuan, according to the association.