On
the opening day of the Chinese People's Political Consultative
Conference (CPPCC), Shenzhen Component Index and Shanghai Composite
Index plunged to 11,526 and 3,263 at market's close, down 3% and 2.2%
respectively. ChiNext Index also receded 1.3%, snapping its previous
gains. Turnover of Shanghai and Shenzhen markets continued to gain
RMB441.5 billion and RMB406.3 billion.
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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