Questions – Business conditions of small and medium brokers (Christopher Cheung)
According to the Financial Review of the Securities Industry for the year ended 2013 (the Review) published by the Securities and Futures Commission (SFC), Category C brokers (i.e. brokers ranked 66th or after by monthly turnover on The Stock Exchange of Hong Kong) recorded a total net profit of $1.758 billion last year, which was 3.95 times higher than that of 2012.