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Chinese brokerages see earnings surge bolstered by stock market rebound

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Chinese listed securities brokerages are expected to post at least 50 growth in earnings for the first half of 2019 boosted by the strong rally of the mainland's A-share market, while some brokerages set aside asset impairment to cover potential losses from provision stock-pledge repurchase and creditor investment projects.

Citic Securities, China’s leading brokerage, expects a 9 per cent year-on-year gain in its first-half revenue to 21.9 billion yuan, which would bring . . .

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