Securities firms notch up record gains

Securities firms in China have seen their profit skyrocket amid the stock market boom with record-breaking turnover.

According to public information disclosed by 20 listed securities companies, their total net profit in May alone reached 12.8 billion yuan ($2.1 billion), surging by 597 percent from the same period last year. But the figure was slightly down by 7 percent from the previous month.

Their profits in the past five months have exceeded the total profit they earned in 2014, the data showed.