Latest News:  
Beijing   Light snow    0 / -4   City Forecast

People's Daily Online>>China Business

Minsheng, Huaxia say 2011 net profits probably up more than 50 pct

(Xinhua)

09:06, January 20, 2012

BEIJING, Jan. 19 (Xinhua) -- China Minsheng Banking Corp. and Huaxia Bank Co., the country's two mid-sized lenders, on Thursday said that their net profits would jump by at least 50 percent in 2011.

Minsheng attributed its profit growth to better operating efficiencies and stable asset quality, while Huaxia said its strong profitability was mainly due to rising income from fee-based services and commissions, according to the statements filed to the Shanghai Stock Exchange respectively.

Minsheng's net profit hit 17.58 billion yuan (2.79 billion U.S. dollars) in 2010. Earnings per share stood at 0.66 yuan.

Huaxia reaped a net profit of 5.99 billion yuan in 2010 with earnings per share hitting 1.2 yuan.

Shares of Minsheng and Huaxia gained 2.88 percent and 0.68 percent to close at 6.44 yuan and 11.77 yuan, respectively, on Thursday.

Email|Print|Comments(Editor:燕勐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Polish amber exhibition held in Beijing

  2. Troop units start new year’s training

  3. Last safe voyage of Italian cruise liner

  4. Spring Festival atmosphere spreads all over China

Most Popular

Opinions

  1. No one can say 'no' to peace
  2. Cautious end to a record year for foreign investors
  3. US sends subtle signal to Iran
  4. Farewell to double-digit GDP growth
  5. Actions speak louder than words
  6. New driving force for East Asian cooperation
  7. In love with luxury amid global gloom
  8. China should take fight to US over Iran
  9. How will HK go through economic difficulties in 2012
  10. US dollar is just a dirty shirt

What's happening in China

'I'm not a hero. I just want a quiet life'

  1. Moutai a favorite among China´s luxury consumers
  2. Urbanites suffer anxiety going home
  3. Court backs environment group
  4. Keeping track of precious rail tickets
  5. Jewelry brands tarnished by poor quality products

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance