USEUROPEAFRICAASIA 中文双语Français
Home / Business

Bad loans mean good H1 results for AMCs

By Gao Changxin in Shanghai | China Daily | Updated: 2014-07-23 07:17

Asset managers see profits soar by about 50% as property market cools

Chinese bad-debt managers saw a profit surge in the first half, helped by an increase in banks' bad loans.

China Huarong Asset Management Co Ltd's first-half profit jumped 57 percent to 11.8 billion yuan ($1.91 billion), while that of China Great Wall Asset Management Co Ltd increased 45 percent to 5.6 billion yuan.

Bad loans mean good H1 results for AMCs

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US