News — ChangeLab

China brokerage CITIC posts 3.6% rise in Q1 profit

China's largest brokerage company, CITIC Securities Co. reported a 3.6 percent increase in net income for the first quarter of this year. The result was investment income on the back of the economic recovery, which rose 89.6 percent year on year to an amount of about 5.82 billion yuan, up significantly from the same period last year. However, at the same time, net commission income fell 10.8% to ¥7.3 billion.

Experts note that CITIC shares in Hong Kong closed at HK$16.28, which was almost unchanged until the announcement of the results. Therefore, on the whole, the figures show positive results for the company, which may be due to the large number of potential investors in China.

In the current economic environment, our experts believe that CITIC Securities Co will be able to maintain stability in its investment operations through more active risk control and more thorough market analysis. This approach will help the company to continue to hold a leading position in the industry, strive for growth and improve its financial performance.