CITIC Securities, China’s largest brokerage, posted net profit of 23.34 billion yuan for the first half of 2026, a 70 percent jump from the prior year and well above the 19.57 billion yuan analyst consensus. The surge was driven by higher client activity and dealmaking rather than proprietary investment gains. Brokerage fees climbed 53.9 percent to 9.86 billion yuan, while investment banking fees rose 44.1 percent to 3.02 billion yuan. However, investment income dropped 32 percent to 14.22 billion yuan, underscoring the shift from principal gains to fee-based revenue. The performance reflects a K-shaped recovery in China’s economy, with technology and AI sectors powering market activity. The STAR 50 Index surged 64 percent in the period, while ChiNext gained 36 percent, lifting trading volumes across growth-focused platforms. Other major Chinese brokers including Guotai Haitong and GF Securities also reported strong results, though comparisons vary due to mergers and differing reporting periods.
FXnCO Insight
Chinese brokerages are benefiting from concentrated gains in tech and AI equities, making exposure to new-economy trading platforms more attractive than broad-market positions.
Source: Finance Magnates