China’s securities sector posts rising profits in 2020

China’s securities sector saw its net profits rise 27.98 percent year on year in 2020, data from the Securities Association of China showed.

Last year, the sector’s net profits totaled 157.5 billion yuan (about 24.3 billion U.S. dollars).

The operating revenue of the sector increased by 24.41 percent from the previous year to 448.5 billion yuan.

By the end of 2020, the sector’s total assets rose 22.5 percent year on year to 8.9 trillion yuan, the data showed.