China's listed securities brokers saw steady net profits growth in February, latest data showed.
By March 5, 31 listed brokerage firms had announced their profits for February. Their net profits totalled 10.16 billion yuan (about 1.47 billion U.S. dollars) last month, and 25 firms saw their net profits surpass 100 million yuan.
On a year-on-year basis, 18 securities brokers registered net profits growth in February.
More brokerages have enjoyed the dividend from the country's capital market reform, which bodes well for the securities industry in the long term, an analyst said.
China has pushed forward capital market reform in 2019, including introducing a landmark revision to securities law and launching the sci-tech innovation board, also known as the STAR market, which started trading in July.
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