Brokers' profits casualty of market plunge

Net profit and revenue of 18 listed securities houses in China declined sharply in July amid the plummeting mainland market and a regulatory crackdown on margin financing.

Eighteen of China’s biggest listed securities houses saw substantial contractions in net profit and revenue in July as the country’s stock markets tanked and a regulatory crackdown on margin financing crimped business.

¬ Haymarket Media Limited. All rights reserved.

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