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17 of China's listed 22 securities dealers post improved earnings for May

2015-06-05 11:06

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As of Thursday, 17 of China's listed 22 securities dealers had released their operating and financial results for May, showing all listed securities dealers posted improved earnings last month along with strong domestic stock market. According to company filings, among 17 listed securities dealers, nine saw their net profits exceed 1 billion yuan in the month.

GF Securities (000776.SZ) became the most profitable broker in May with net profit at 1.85 billion yuan, followed by Merchants Securities (600999.SH) and Guosen Securities (002736.SZ), with 1.67 billion yuan and 1.63 billion yuan respectively. A China Securities Journal report expected Chinese securities dealers' commission revenues to exceed 20 billion yuan in May thanks to heavy turnover of China's A-share market during the period.

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