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English > Finance&Economy > Finance-Breakingnews>Investment Bank Profits Drop by 85% in Q1 in China

Investment Bank Profits Drop by 85% in Q1 in China

05-06 13:43 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-05-06/110160514.html

» Chinese investment banks earned US$394 million in the first quarter of this year in 546 deals.
» The deal volume decreased sharply from last year's 3,586 in the same period.
» M&A deal commissions declined by 87.7 percent, while stock market earnings were down by 79.5 percent, bond market profits by 50.8 percent and gains on loans by 80 percent, all year-on-year. 
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