Se­cu­ri­ties agen­cies see drop in rev­enue

China Daily (USA) - - BUSINESS -

The rev­enue of Chi­nese se­cu­ri­ties firms in the first half to­taled 157.1 bil­lion yuan ($23.59 bil­lion), de­creas­ing 52.5 per­cent year- on-year, ac­cord­ing to data from the Se­cu­ri­ties As­so­ci­a­tion of China on Tues­day. The net profit of the 126 se­cu­ri­ties firms in the first six months to­taled 62.5 bil­lion yuan, de­creas­ing 59.2 per­cent year-on-year. Of them, 117 were prof­itable. At June 30, the to­tal as­sets of Chi­nese se­cu­ri­ties firms stood at 5.75 tril­lion yuan and the mar­ket value of se­cu­ri­ties un­der their man­age­ment to­taled 29.9 tril­lion yuan.

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