Overseas-invested securities firms' China profits surge fourfold in 2025

12 articles · Updated · South China Morning Post · May 8

Combined net profits rose to 2.65 billion yuan, while Goldman Sachs China led revenue with 2.48 billion yuan, ahead of Shengang, J.P. Morgan and UBS.
A South China Morning Post review of all 13 overseas-invested securities firms found seven still posted losses despite the sharp profit rebound.
Goldman said a strong 2025 A-share rally lifted trading and investment pipelines, as Wall Street banks expanded market share amid China's uneven recovery and polarised market.

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