Since the beginning of this year, the Shanghai Stock Exchange (SSE) has seen its turnover increase month by month. Although the market experienced fluctuations in March, investors show no less enthusiasm in trading. Latest data from the SSE shows that the trading volume of SSE-listed stocks of the top 100 securities companies totaled 10,209.751 billion yuan in March, up 34.98 percent from February. Securities companies also saw an increase in commission income which recorded 7.976 billion yuan in March, up 24 percent from a month earlier.
In addition, according to the 2016 statistics yearbook released by the Shenzhen Stock Exchange (SZSE), the ranking of the trading volume of SZSE-listed stocks of the top 100 securities business departments was released. Sinolink Securities Shanghai Internet Securities Branch, the business department of Sinolink Securities on Jinbi Road, Fengxian District, Shanghai and the business department of Guosen Securities on Tairan No. 9 Road, Shenzhen ranked top three on the list.
Trading volume of SSE-listed stocks of 26 securities companies exceeds RMB 100bln in March
Data from Choice Information shows that the trading volume of SSE-listed stocks of the top 100 securities companies totaled 10,209.751 billion yuan in March, up 34.98 percent from February, down 4.85 percent from last March. The total trading volume of the SSE also increased. This drives the trading volume of the top 100 securities companies higher compared with February. Only the trading volume of China Securities Finance Corporation Limited (CSF) (ranking 59th on the list) declined 34.36 percent to 37.489 billion yuan in March from 57.111 billion yuan in February.
In terms of trading volume of SSE-listed stocks, Huatai Securities (601688.SH) ranked first among all securities companies with 764.86 billion yuan. It is the only securities company whose trading volume exceeds 600 billion yuan. The company is followed by CITIC Securities (600030.SH) with 593.708 billion yuan and Galaxy Securities with 467.978 billion yuan. The number of securities companies whose trading volume of SSE-listed stocks exceeds 100 billion yuan in March was 26, increasing 6 from last month.
Two business departments of Sinolink Securities rank top two by trading volume of SZSE-listed stocks
Based on the data for the full year of 2016, the top 100 business departments in terms of trading volume of SZSE-listed stocks were unveiled. The total trading volume of SZSE-listed stocks of the top 100 business departments recorded 18.31 trillion yuan last year, down about 33.25 percent from 27.43 trillion yuan in 2015.
Data from Choice Information shows that Sinolink Securities Shanghai Internet Securities Branch and the business department of Sinolink Securities on Jinbi Road, Fengxian District ranked top in terms of their trading volume of SZSE-listed stocks last year, with 618.304 billion yuan and 587.220 billion yuan respectively. The business department of Guosen Securities on Tairan No. 9 Road, Shenzhen ranked third with 510.855 billion yuan. The trading volume of SZSE-listed stocks of all the top three business departments exceeds 500 billion yuan.
5 of the top 10 business departments in terms of the trading volume of SZSE-listed stocks in 2016 come from Guosen Securities, demonstrating the overall strengthen of old-brand business departments.
The year-on-year growth of annual trading volume of business departments under several securities companies rose sharply. 4 business departments under Eastmoney Securities edged into top 100 business departments and showed strong growth momentum. The company’s No.1 business department located at Jinzhuxi Road, Lhasa, ranking only the 1998th in 2015, rose to the 11th place in 2016 with its trading volume of stocks increased by 642.11 percent within a year. The company’s No.2 business department located at Jinzhuxi Road, Lhasa even grows out of nothing with its trading volume of stocks reaching 241.623 billion yuan in 2016 and its ranking rising from nearly last place to the 17th place.
In addition, 22 business departments under Huatai Securities, 11 business departments under CITIC Securities, 9 business departments under Guosen Securities, 8 business departments under China Merchants Securities, 6 business departments under Guotai Junan Securities and 6 business departments under Haitong Securities edged into top 100 business departments in terms of trading volumes of SZSE-listed stocks in 2016.
Translated by Coral and Jennifer
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