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as declared in China's largest insurer said net profit for the year ended December 2016 fell 45 pct to 19.13 billion yuan ($2.8 billion) from 34.7 billion yuan a year earlier, in line with expectations. Analysts on average were expecting the company to report net profit of 19.2 billion yuan, according to Thomson Reuters data. Shares of China Life closed up 0.61 percent in Shanghai on Thursday ahead of the results, against a 0.35 percent rise for the broader market <.CSI300>. Written premiums for life insurance bolstered the results, rising 17.4 percent to 361.9 billion yuan. But the China Insurance Regulatory Commission has, over the past year, introduced new rules to rein in sales of universal life policies.
as declared in
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collected by :Jack Luxor
as declared in China's largest insurer said net profit for the year ended December 2016 fell 45 pct to 19.13 billion yuan ($2.8 billion) from 34.7 billion yuan a year earlier, in line with expectations. Analysts on average were expecting the company to report net profit of 19.2 billion yuan, according to Thomson Reuters data. Shares of China Life closed up 0.61 percent in Shanghai on Thursday ahead of the results, against a 0.35 percent rise for the broader market <.CSI300>. Written premiums for life insurance bolstered the results, rising 17.4 percent to 361.9 billion yuan. But the China Insurance Regulatory Commission has, over the past year, introduced new rules to rein in sales of universal life policies.
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Chinese developers post 2016 profit growth as bubble worries linger
It is expected that policy regulation by the central Chinese government will continue," China Overseas' new Chairman Xiao Xiao said. HONG KONG Chinese developers China Overseas Land & Investment Ltd (0688.HK) and Country Garden Holdings Company Ltd (2007.HK) on Wednesday said sales by area may see challenges in 2017 on government tightening, after reporting solid 2016 profit growth. "We are not selling the project inside China anymore," Country Garden chairman Yeung said. China Overseas Land, the country's sixth-largest homebuilder, said on Wednesday its core profit last year rose 13.8 percent to HK$31.37 billion ($4.04 billion), while profit for Country Garden, the country's third-largest builder, (2007.HK), jumped 22.3 percent. Country Garden's Chief Financial Officer Wu Bijun said they do not accept yuan as payment for the Malaysia project anymore.read more visit us profit
collected by :Jack Luxor
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