Citic Securities reports 75 pct rise in 2015 preliminary profit

Citic Securities , China's largest listed brokerage by market value, reported a 74.9 percent rise in its 2015 preliminary net profit on Thursday. Some of China's brokerages have posted strong preliminary profits after weathering stock market turmoil that began in mid-June, boosted by new account openings and margin finance gains. Net profit rose to 19.8 billion yuan ($3.01 billion) from 11.3 billion in the previous year, it said in filings to the Hong Kong and Shanghai stock exchanges where it i