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Monday, October 15, 2007

The securities industry revenue this year will reach 232 billion yuan

Bull market - securities industry will be a very good day for the extension. 55 released in the first half of the semi-annual brokerage income of 97.5 billion yuan, with business innovations in the second half stirred, securities companies is expected to usher in a new opportunity. Thus, investment securities and financial analyst Luo Yi expects full year 2007 total securities industry can achieve 232 billion yuan of income.
This year, with the influx of residents rising stock market, new accounts surge in the stock market prosperity to broker brokers operating income significantly more than other operating income. Statistical data, in 2007 the first half of brokerage commission income more than 64.4 billion, up 73%. Luo Yi, brokers operating income depends on the thickness of the market strength of the entire market, will increase its excessive dependence on brokerage business risks, based on the current share trading activity, taking into account the stock index futures will be introduced to further improve market sentiment, the stock market’s full circulation, assets the securities, warrants and various derivative products to increase market innovative financial products supply, and facing the scale of the double expansion, brokerage business this year will maintain a relatively good growth in the full year up to 180 billion.
Self-securities business is high-risk high-yield companies in business, a direct reflection of the level of investment and fiscal year announced by the Center Daily News, self-post brokerage income over 17 billion, according to the market situation this year is expected to total up to 30 billion.
Investment banking profit margins, high income, brokerage fought. Bank of Communications, Ping An Insurance, Weichai Power (93.50, -0.30, 0.31%), the Alcoa (47.96,0.21,0.44%), China Construction Bank and other companies have completed A-share IPO the second half is expected to be in Mobile, CNOOC and the return of giant state-owned enterprises, will be those that have a strong background in gold, CITIC, Galaxy, Shen 10,000 dominate the resources of brokerage opportunities. The domestic market, the city banks listed boomers, quality SMEs IPO, orientation and financing of additional activities will also be more concentrated outbreak of the letter, widely hair, investment brokerage and investment banking are expected to significantly improve the revenue. Therefore, the enlargement of the scale of investment banking will be an Aspect of the stock market this year, the full year operating income is expected to be close to 10 billion.
Luo Yi said at the launch stock index futures conditions are basically mature, only to be stirred races. Major brokerages in the futures market has been quietly strategic distribution. Stock index futures business conduct, estimated profit of 20% and above, the merger will broker a statement added the Beautiful. In addition to the first half of the asset management revenue reached 1.646 billion yuan, will become the second half of innovative new brokerage revenue of momentum. Securities Lending financing, the creation of E straight for the brokerage business, the net capital requirements more stringent, the corresponding calculation of net capital standards are adjusted. Net capital with a strong direct impact on the level of future business for the broker in the strength of competition, which makes more positive broker accelerate the pace of preparations for listing. This estimate, asset management and other innovative business categories this year, revenue is expected to reach 12 billion.

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