China Securities Association said in an operating analysis circulated to brokers
that in 1H brokerage, proprietary trading, net interest income, investment
banking and asset management accounted for 35.66%, 34.29%, 12.28%, 5.67% and
3.68% of securities firms' operating revenue, respectively. Industry brokerage
revenue rose to 117.6 billion yuan in 1H, up 53.9% YoY, becoming the largest
income source amid active market trading.