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.
August 13, 2015

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.

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