The mainland's troubled brokerage industry staged an earnings recovery last month, helping income for the first nine months of the year to surge 36.73 per cent, according to official press reports.
The country's biggest brokers, including China Securities, which was recently bailed out by the government, posted total earnings of 23.19 billion yuan, compared with the 16.96 billion yuan recorded for the first three quarters of last year.
Commission from A-share transactions climbed 47.97 per cent to 20.14 billion yuan during the nine-month period, despite a dismal showing in the three months to September which led to a low for the year set in August.
Last month alone, brokerages earned 2.53 billion yuan, compared with August's 1.31 billion yuan.
Commission from A-share trading more than doubled during the month to 2.31 billion yuan from August's 1.09 billion yuan.
During the month, the Shanghai A-Share Index gained 5.68 per cent, while its Shenzhen counterpart rose 7.96 per cent.
