China’s brokers expected to continue robust performance with blockbuster IPO offerings
Chinese brokers delivered strong profits in the first half of the year, driven by active trading in the A-share market that boosted brokerage revenues by over 50 per cent, while the blockbuster initial public offerings (IPOs) are expected to make underwriting and sponsorship business a key growth engine in the second half.
The industry also recorded a robust first-half performance, with 150 brokers posting an average of 23.5 per cent year-on-year increase in net profit, driven by a 31 per cent...
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