How Securities Firms Got 1 Tln Yuan from Banks in 2012
(Beijing) – The amount of assets managed by Chinese brokerage firms soared last year, exceeding 1.2 trillion yuan by the end of December, up from 280 billion yuan at the beginning of the year, data from the industry group Securities Association of China shows.
However, most of those assets – 80 to 90 percent of the total according to some analysts' estimates – was tied to banks and had nothing to do with the brokers' investment ability.
- 'Important Information' vs. Information that Is Important
- Lenovo Completes US$ 2.91 Bln Deal to Buy Motorola Mobility
- Large Railroad Manufacturers Said to Consider Merger
- Village Remake
- APEC Preview
- Skies Overhead
- Two or Three Things about Mr. Lu Xun
- Film: The White Haired Witch of Lunar Kingdom
- Exhibition: The Past
- Wake up, Europe
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- For China's Property Market, All Is Not Lost
- Cai Jinyong: A Chinese Voice at the Top of IFC
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts
- 4 Chinese Ships Stuck in Mexico since May over Iron Ore Dispute
- China Builds in Africa, but the Foundations Are Shallow