TREE NEWS reports: China’s 150 securities firms booked RMB329.81 billion in first-half revenue and RMB138.66 billion in net profit, up 31.38% and 23.50% year on year, according to an industry analysis circulated by the Securities Association of China. Of the total, 136 firms were profitable, a profit-making ratio above 90%, with the loss-making firms mainly investment banking subsidiaries.
China’s 150 securities firms post H1 revenue of RMB329.8B, 136 profitable
AI take
The headline profit ratio masks a sharper split: losses are concentrated in investment banking subsidiaries, suggesting underwriting and advisory pipelines remain the weak link while other business lines carry the industry. That 136 of 150 firms are profitable points to broad-based earnings resilience rather than a few dominant players driving the aggregate. Whether investment banking subsidiaries stop being the outlier is the open question for the second half.
Generated by AI for reference only.
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