in a separate account which is segregated from the derivatives broker’s account. A derivatives broker shall report to clients on custody of assets of clients in accordance with rules specified by the
as last year. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues represented 39% in the first quarter of 2019. - Bad debt and
. In terms of proportion to total revenues, operating and administrative expenses represented 42% of total revenues. Considering the Company’s separate financial statement, the operating and
from an increase in administrative expenses and oversea business expansion. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues
quarter of 2020. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of total revenues was down to 35% in the first quarter of 2020. - Expect
total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues represented 39% in the second quarter and the first half of
maintained effective operating cost control with cost to income ratio at 37% of total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage
, decreasing by 8% y-y. However, the Company still maintained effective operating cost control with cost to income ratio at 39% of total revenues. Considering the Company’s separate financial statement, the
. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues was 36 in the first quarter of 2020. - Expected Credit Loss The consolidated