Profit of China's 22 listed brokers quadruples in H1

BEIJING - The net profits of China's 22 listed brokers rose by 358 percent in the first six months year on year, according to unaudited statistics collected by Securities Association of China.

Their net profits stood at 84.69 billion yuan ($13.88 billion) at the end of June, according to the Saturday edition of the "China Securities Journal".

Their business revenues climbed 280 percent to 173.75 billion yuan in the first half year from the same period last year.

Net assets stood at 766.05 billion yuan, up 45.74 percent year on year, about 65 percent of the total net assets of the industry.

The 22 listed brokers include CITIC Securities, China Merchants Securities and Everbright Securities.