China Pacific Insurance (Group) Co<601601>, the country’s third largest life insurer by premium, said the unaudited premium income from its two units amounted to RMB 82.9 billion in the first ten months of this year, according to its filing with the Shanghai Stock Exchange
During the Jan.-Oct. period, premium income of China Pacific Life Insurance totaled [...]
Chinese stocks retreated on Tuesday amid a massive downward trend in neighboring markets.
The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, tumbled 6.31%, or 128.06 points, to 1902.43 points after fluctuating between 2050.88 and 1889.87 points.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange dived [...]
Hua Xia Bank Co Ltd, in which Deutsche Bank holds a 11.27 percent stake, said third quarter net profit rose 89.70 percent to 1.1784 billion yuan ($172.5 million) on increased interest income and a sharp fall in income tax.
In a statement filed with Shanghai Stock Exchange, the bank said operating revenue for the third quarter [...]
China Minsheng Banking Corp, the nation’s first privately-owned bank, said it doubled third-quarter profit on higher demand for fee-based services.
Net income climbed to 2.6 billion yuan (US$380 million), or 0.14 yuan a share, the Beijing-based bank said in a Shanghai Stock Exchange statement yesterday. It didn’t provide year-earlier figures.
Minsheng, founded in 1996 by 59 private [...]
Chinese stocks rallied on Friday on reports about the central government’s up-coming economic policies to boost domestic demand.
The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged up 1.08% or 20.71 points to 1930.65 points after fluctuating between 1941.30 and 1902.60 points.
Tags: China-Life, Citigroup, Insurance, insurer, [...]
China Merchants Bank (CMB), the sixth largest domestic lender, opened a New York branch on Wednesday.
It was the first branch of a Chinese bank to set up in the United States in 17 years.
The branch is targeting Chinese companies investing in America, U.S. companies having branches in China and local companies dealing with Sino-U.S. trade.
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