The red-hot stock market pushed total profits of 50 brokerages in China up by over four times in the first half of the year, Shanghai Securities News reported (in Chinese). The securities firms, which account for half of the country's total number, saw aggregate net profits soar 411% year on year to US$5.4 billion in the first six months. Commission incomes contributed to 65% of their revenues, compared with 57% a year ago, as the Chinese mainland's two bourses saw accumulative turnover rocket 476% to US$3.67 trillion in the first half. Total assets of the 50 companies amounted to US$111.1 billion, up 120%, while their net assets totaled US$14.9 billion, up 69%.