Guotai Junan Securities

Mainland brokerages suffer slump in earnings

Mainland brokerages experienced sharp declines in earnings last year as investors shunned stocks amid a sluggish market.

Thursday, 12 January, 2012, 12:00am

Mainland shares 'may fall up to 9pc more'

Mainland stocks could drop by another 9 per cent amid increasing risks of an economic hard landing, predicts Guotai Junan Securities.

The Shanghai-based brokerage, which has gained a reputation for correctly calling the market, said the benchmark Shanghai Composite Index could fall to the 2,400-point level despite having already lost 6 per cent this year.

18 Jun 2011 - 12:00am

Mainland corporates feel pain of inflation

Inflation is eating into corporate earnings on the mainland with 278 companies listed there - one-fifth of the total - reporting losses or profit declines for last year. Most of the declines were due to rising raw material costs, according to the official China Securities Journal.

11 Feb 2011 - 12:00am

Mainland companies dump 6.54b yuan of unlocked shares

Mainland companies dumped a sizeable chunk of formerly non-tradable shares last month, fuelling worries about the strength of the current rally as investors are also expected to embark on a selling spree in the coming months to lock in profits.

8 Apr 2009 - 12:00am

Guotai Junan slashes salaries up to 22pc amid poor market conditions

Guotai Junan Securities, one of the mainland's biggest brokerages, is slashing salaries as it battles to cut costs in a slumping market.

Two sources said the Hong Kong investment banking arm of the brokerage, Guotai Junan (Hong Kong), had reduced basic pay by as much as 22 per cent for some staff.

8 Oct 2008 - 12:00am

Mainland broking profits surge as market booms

Profits reported for last year by the mainland brokerage industry have almost quadrupled from 2006, driven by a surge in new clients and stock trading.

However, analysts said brokerages would struggle to repeat the performance given the slide in the mainland markets this year.

14 Feb 2008 - 12:00am

IBM secures mainland advanced risk contract

Global information technology giant IBM Corp has secured a landmark project to build the first advanced risk management system for a mainland securities firm.

22 Jan 2008 - 12:00am

Haitong expects 4b yuan net profit

Mainland broker forecasts 15-fold earnings jump amid booming market

Haitong Securities, which completed a back-door listing earlier this year, said net profit for the first nine months could jump 15-fold, driven by strong revenue and a booming stock market.

13 Oct 2007 - 12:00am

Trading fees lift profits at mainland brokerages

Guotai Junan Securities, the mainland's second-largest brokerage by assets, said its first-half net profit jumped almost fourfold, driven mainly by stock trading fees.

Net profit for the first six months jumped to 3.9 billion yuan from 702 million yuan a year earlier, while revenue more than tripled to 6.65 billion yuan from 1.54 billion yuan.

19 Jul 2007 - 12:00am

Galaxy registers branches in push towards listing

China Galaxy Securities, the country's largest brokerage by trading volume last year, has completed government registration for its 167 branches ahead of a possible initial public share offering.

The Beijing-based brokerage, with healthy assets spun off from a near-bankrupt older unit, had almost completed its restructuring, the company said.

3 Apr 2007 - 12:00am

Guotai Junan eyes Shanghai broker

Acquisition part of city government's plan to save bigger firms

Guotai Junan Securities, China's biggest brokerage house by trading volume last year, plans to buy the much smaller Shanghai Securities in a deal that the Shanghai government has encouraged as part of its plan to save bigger brokers by sacrificing smaller ones, according to a source.

14 Dec 2006 - 12:00am

Guotai and Shenyin record robust profits

Guotai Junan and Shenyin Wanguo, two of the mainland's largest securities firms by trading volume, posted net profit of more than 700 million yuan each in the first half of this year, the latest signs that China's long-ailing brokerage industry may finally be on the mend amid a sustained stock market rally and the resumption of new share sales.

25 Jul 2006 - 12:00am

Huijin takes 21pc stake of Guotai in bailout

In its latest move to rescue the mainland's ailing securities industry, the investment arm of the People's Bank of China has agreed to inject one billion yuan into the second-biggest brokerage and lend it an additional 1.5 billion yuan

3 Sep 2005 - 12:00am

Mainland brokerage earnings take a dive

The mainland's biggest brokerages earned 58.3 per cent less in revenue in the first quarter of the year than in the corresponding period last year, becoming victims of a continuous decline in domestic stock markets.

The brokerages earned 4.46 billion yuan compared with 10.71 billion yuan in the year-earlier period, according to the Shanghai Securities News yesterday.

19 Apr 2005 - 12:00am

Watchdog releases draft consultations for initial 33pc limit on foreign partner stakes

The country is to limit the initial stake a foreign partner may hold in a joint venture securities firm to between 25 per cent and 33 per cent, in line with its World Trade Organisation agreement.

The China Securities Regulatory Commission yesterday published a long-awaited consultation draft clarifying the rules governing the setting up of joint venture securities companies.

13 Dec 2001 - 12:00am