Skip to main content

CITIC Securities posts surge in first-half profits

Abstract : CITIC Securities, one of China's leading brokerage companies, on Wednesday reported soaring profits for the first half of the year amid a vibrant domestic stock market.

BEIJING, July 29 (Xinhua) — CITIC Securities, one of China’s leading brokerage companies, on Wednesday reported soaring profits for the first half of the year amid a vibrant domestic stock market.

Profits surged by 38.47 percent from a year ago to reach 8.93 billion yuan (about 1.3 billion U.S. dollars) during the period, while revenues jumped by 22.72 percent year on year to 26.74 billion yuan, according to a statement the company filed with the Shanghai Stock Exchange.

Buoyed by an army of individual investors looking for quick returns, China’s stock market euphoria has been apparent over the past few months, driving brokerages’ business volumes up.

CITIC Securities rose by 4.82 percent to close at 29.77 yuan per share on Wednesday. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: CITIC Securities posts surge in first-half profits

Labels:

Comments

Post a Comment

Popular posts from this blog

Chinese enterprise starts work on Fiji’s Lautoka port yard 3 project

Abstract : China Railway First Group (Fiji) Co., Ltd (CRFG) on Monday started to work on Fiji's Lautoka Yard 3 development project intended to increase the storage capacity of the Lautoka port 24 km north of Fiji's third largest city Nadi. SUVA, Feb. 22 (Xinhua) — China Railway First Group (Fiji) Co., Ltd (CRFG) on Monday started to work on Fiji’s Lautoka Yard 3 development project intended to increase the storage capacity of the Lautoka port 24 km north of Fiji’s third largest city Nadi. Speaking at the groundbreaking of the project, Fiji’s Permanent Secretary for Commerce, Trade , Tourism and Transport Shaheen Ali said, “This project needs to be delivered in a timely manner, without compromise to quality and standards. I am sure China Railway First Group (Fiji) Co, Ltd is up to the task.” The new project will significantly boost Fiji’s ability to deal with trade and efforts to turn into a transshipment hub in the Pacific, according to the minister. With some four millio
Post a Comment
Read more

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E
Post a Comment
Read more

【Financial Str. Release】China’s forex reserves expand to 3.2218 trln USD

Abstract : China's foreign exchange reserves expanded to 3.2218 trillion U.S. dollars at the end of May, up 23.6 billion dollars from a month earlier, official data showed Monday. BEIJING, June 7 (Xinhua) — China’s foreign exchange reserves expanded to 3.2218 trillion U.S. dollars at the end of May, up 23.6 billion dollars from a month earlier, official data showed Monday. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI). Source: 【Financial Str. Release】China’s forex reserves expand to 3.2218 trln USD
Post a Comment
Read more