Brokerages witness robust growth in H1

Chinese securities firms saw robust growth during the first six months of this year on the back of advanced capital market reforms, according to the Securities Association of China. China's 134 listed brokerages saw their first half operating revenue reach 213.4 billion yuan ($30.5 billion), up 19.26 percent on a yearly basis, said the association. Besides, their net profit edged up 24.73 percent on a yearly basis to 83.15 billion yuan. A total of 124 brokerages reported profit growth in the first half, statistics showed.

Water treatment plant in Mongolia restarts

State-owned China Tiesiju Civil Engineering Group (CTCE) has restarted a key project in Ulan Bator, capital of Mongolia, in a bid to help bolster economic growth. Twenty-four technicians have arrived to guide CTCE employees stationed there to resume construction of the new central wastewater treatment plant, a key Belt and Road undertaking, dubbed Mongolia's "No 1 Project," which will benefit 45 percent of the country's residents upon completion.

Xinhua - China Daily