Tuesday, July 17, 2007

GF Securities and BOCI Profits Both Soar After China Stock Trading Swells

(Bloomberg) -- GF Securities Co., China's fifth-
largest brokerage by assets, and BOC International (China) Ltd.
posted soaring first-half profits, buoyed by rising stock market
trading.

Net income at GF Securities rose to 3.14 billion yuan ($415
million) from 267 million yuan a year earlier, according to
documents seen by Bloomberg News. BOC International, Bank of
China's brokerage arm, boosted profit to 571.2 million yuan from
218.8 million yuan.


Read more at Bloomberg Emerging Markets News

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