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China’s major securities brokers report 6.19 trillion yuan in asset value

Updated: Nov 18,2018 2:28 PM     Xinhua

BEIJING — Assets of China’s major 131 securities brokers totaled 6.19 trillion yuan ($897 billion) by the end of September, according to the Securities Association of China.

In the third quarter, sales revenue of those companies stood at 189.33 billion yuan, and net profits reached 49.66 billion yuan, according to the association.

A total 105 companies made profits in the third quarter.

Companies gained 52.63 billion yuan of sales revenue from securities investment earnings, 49.56 billion yuan from acting buying and sales of securities, and 17.28 billion yuan from securities underwriting and sponsorship.

Net assets of the companies stood at 1.89 trillion yuan.