China’s 150 Futures Firms Post 9.127B Yuan Net Profit in First Three Quarters

The divergence matters more than the headline total: a sector-wide profit figure covering nine months masks a September where both revenue and net profit fell year-on-year. That points to pressure on the two engines futures firms rely on — client trading volume and returns on their own capital — rather than a one-off cost issue. For a market where intermediaries earn from activity, the question worth watching is whether the September softness reflects a temporary lull in trading or a more durable squeeze on proprietary returns, since the two drivers tend to move for different reasons.