{"id":1982,"date":"2023-04-29T10:21:31","date_gmt":"2023-04-29T14:21:31","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/china-brokerage-citic-posts-3-6-rise-in-q1-profit\/"},"modified":"2023-04-29T10:21:32","modified_gmt":"2023-04-29T14:21:32","slug":"china-brokerage-citic-posts-3-6-rise-in-q1-profit","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=1982","title":{"rendered":"China brokerage CITIC posts 3.6% rise in Q1 profit"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A CITIC Securities logo is seen at a building where its branch is located in Beijing, China, March 23, 2016. REUTERS\/Kim Kyung-Hoon<\/span>
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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 <\/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 renminbi) <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A CITIC Securities logo is seen at a building where its branch is located in Beijing, China, March 23, 2016. REUTERS\/Kim Kyung-Hoon 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 […]<\/p>\n","protected":false},"author":1,"featured_media":1983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-1982","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nChina brokerage CITIC posts 3.6% rise in Q1 profit | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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