CSAC: 136 Brokerages Profited in First Half, Profitability Rate Exceeds 90%

According to the China Securities Association (CSAC), which released an analysis of the securities industry's operations for the first half of the year, all 150 brokerages in the sector generated revenue of 329.81 billion yuan and net profits of 138.664 billion yuan, representing year-on-year increases of 31.38% and 23.50%, respectively. Of these, 136 brokerages achieved profitability, with a profit rate exceeding 90%; losses were primarily recorded by investment banking subsidiaries.