{"id":26132,"date":"2023-04-27T11:56:12","date_gmt":"2023-04-27T11:56:12","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/china-brokerage-citic-posts\/"},"modified":"2023-04-27T11:58:22","modified_gmt":"2023-04-27T11:58:22","slug":"china-brokerage-citic-posts","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/china-brokerage-citic-posts\/","title":{"rendered":"China brokerage CITIC posts 3.6% rise in Q1 profit"},"content":{"rendered":"

BEIJING\/SHANGHAI (Reuters) – CITIC Securities Co, China’s biggest brokerage, reported a 3.6% rise in first-quarter profit on Thursday, thanks to stronger investment returns as the economy recovers.\u00a0\u00a0\u00a0 <\/p>\n

Net profit in the January-March period rose to 5.4 billion yuan ($780.22 million), the company said in a stock exchange filing.<\/p>\n

The company’s investment income surged 89.6% year-on-year to 5.82 billion yuan in the first quarter this year.<\/p>\n

Its net fee and commission income fell 10.8% to 7.3 billion yuan, the filing showed.<\/p>\n

CITIC shares in Hong Kong closed flat on Thursday at HK$16.28 prior to the results being announced, compared with a 0.42% rise in the broader market. <\/p>\n

($1 = 6.9211 Chinese yuan renminbi)<\/p>\n

\n

(Reporting by Ziyi Tang and Engen Tham; Editing by David Goodman and Bernadette Baum)<\/p>\n

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BEIJING\/SHANGHAI (Reuters) – CITIC Securities Co, China’s biggest brokerage, reported a 3.6% rise in first-quarter profit on Thursday, thanks to stronger investment returns as the economy recovers.\u00a0\u00a0\u00a0 Net profit in the January-March period rose to 5.4 billion yuan ($780.22 million), the company said in a stock exchange filing. The company’s investment income surged 89.6% year-on-year […]<\/p>\n","protected":false},"author":8,"featured_media":26133,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-26132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3Q0IX-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=26132"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26132\/revisions"}],"predecessor-version":[{"id":26134,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26132\/revisions\/26134"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/26133"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=26132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=26132"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=26132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}