Briefly

Securities firms post higher revenue

China's 135 securities brokers saw their operating revenue reach 342.38 billion yuan ($52 billion) in the first three quarters of the year, according to the Securities Association of China. In breakdown, revenue 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 during the period, the association said. The net profit of the securities companies totaled 132.68 billion yuan in the first nine months, according to the association.

AMC, PE fund manager products' value up

The value of products registered by China's insurance asset management companies and private equity fund managers in the first 10 months of this year totaled 648.72 billion yuan ($98.61 billion), up 47.15 percent year-on-year, official data showed. The number of products registered by 31 AMCs and 10 PE fund managers rose 66.14 percent year-on-year to 314 during the period, according to the Insurance Asset Management Association of China. Of these, 291 were registered for debt investment plans and nine for equity investment plans, with the fund size reaching 504.78 billion yuan and 20.02 billion yuan, respectively, the association said.

Foreign investment rises in Shanghai

Shanghai's paid-in foreign investment rose by 6.2 percent on a yearly basis in the first 10 months of the year. The actual use of foreign investment in Shanghai reached $17.2 billion from January to October, according to figures released by the Shanghai Municipal Commission of Commerce.

Xinhua