Finance: Commission forecast
(Shanghai Daily)
Updated: 2006-10-25 14:46 Commission income at China's
stock brokerages may more than double this year from last year as equity
exchange trading surged in the third quarter, the official Shanghai Securities
News reported, citing a research note jointly by the newspaper and Guotai Junan
Securities Co.
Brokerages' commissions may surge to between 25 billion yuan (US$3.2 billion)
and 28 billion yuan this year, said the newspaper, an affiliate of the state
news agency Xinhua. (For more biz stories, please visit Industry Updates)
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