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Financials

China's top brokerage CITIC reports H1 profits rose 15.8%

SHANGHAI/BEIJING, Aug 22 (Reuters) - China’s biggest brokerage, CITIC Securities Co reported on Thursday a 15.8% rise in first-half 2019 profit, led by the investment banking business.

Net profit for the six months ended June rose to 6.45 billion yuan ($911 million) from 5.57 billion yuan a year ago, largely in line with the preliminary results released in July. ($1 = 7.0834 Chinese yuan renminbi) (Reporting by Cheng Leng in BEIJING and Engen Tham in SHANGHAI; editing by Christian Schmollinger)

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