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Chinese brokerages see earnings surge bolstered by stock market rebound


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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