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17:08 Jan 12 2010

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Tibet's securities brokerage company in fast lane
17:06, January 12, 2010  


Fole photo shows the Tibet Securities. (Shanghai Securities News Photo)


The Tibet Securities Brokerage Co. Ltd. has set up branches in major Chinese cities like Beijing, Shanghai, Chengdu and Shenzhen.

The company, with a registered capital of 200 million yuan RMB (29.3 million U.S. dollars), was granted the qualification to deal in securities in August, 2009.

The company's total assets had reached 2.56 billion yuan RMB (374 million dollars) by the end of last year, with its net assets worth 479 million yuan RMB (70 million dollars) and a net capital of 389 million yuan RMB.

Meanwhile, with 89,707 customers, the company had reported a total revenue of 294 million yuan RMB (43 million dollars), with its profit hitting 142 million yuan RMB (20.8 million dollars).

The customer transaction balance had stood at two billion yuan RMB (293 million dollars) and the capitalization of stocks handled by the company had topped ten billion yuan RMB (1.46 billion dollars).

Source: Xinhuanet

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