Business
        

Statistics

Huarong's 2010 net profit surges 146%

Updated: 2011-01-27 10:14

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING -- China Huarong Asset Management Corp (Huarong) announced Wednesday that its 2010 net profit soared 146 percent year on year.

Related readings:
Huarong's 2010 net profit surges 146% Huarong Asset Management Co opens 1st bank 
Huarong's 2010 net profit surges 146% China Huarong signs co-op deal with SinoPac
Huarong's 2010 net profit surges 146% China's Huarong becoming more market orientated

Huarong's net profit hit 2.018 billion yuan ($306.22 million) last year, said Lai Xiaomin, president of the company, at its annual meeting.

Lai mainly attributed Huarong's robust profit growth to its businesses with 800 major clients, which contributed 80 percent of its profits.

Founded in October 1999, Huarong is one of China's four state-owned asset management firms, including Cinda, Huarong, Great Wall and Orient.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection