Hong Kong broker Guotai Junan sees FX income jump 43% in 2015

Guotai Junan International Hold. Limited (HKG:1788), a Hong Kong Forex, futures and equities broker that made headlines late last year thanks to the disappearance and reappearance of its chairman Dr. Yim Fung, has just published its financial results for the year to December 31, 2015.

The company saw robust revenues and profits, with the brokerage segment, which includes the Forex trading services, contributing to the overall growth.

The income from Forex services provision amounted to HK$2.36 million in 2015, up 43% from the result of HK$1.65 million registered in 2014.

Overall income from the brokerage segment rose 43.5% year on year to HK$719.9 million.

The company attributed the solid result of its brokerage business to the efficient online trading system including the mobile application trading system. Currently, it supports 8 international securities markets, including Hong Kong, the United States, Japan, London, Canada, Singapore, Shanghai A and B shares and Shenzhen B shares, 21 global futures and options markets and 8 currencies pairs including CNH and up to 21 cross-currency pairs in leveraged foreign exchange trading. About 78% of the brokerage commission was derived from trades executed from Guotai’s online trading system.

Client numbers also grew, as the broker successfully attracted over 23,000 new clients during 2015.

Overall revenues for the year amounted to HK$2.3 billion, up 37.4% from 2014 levels, whereas profits reached HK$1.02 billion, up 26.6% year on year.


For the full report from Guotai, click here.

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