Premier
Li Keqiang mentioned in the government work report that the
Shenzhen-Hong Kong Stock Connect will be launched in due course.
Meanwhile, the chairman of China Securities Regulatory Commission (CSRS)
Xiao Gang expected the Stock Connect to be approved in the first half
of 2015. CSRC will hold a press conference announcing the details of
SZ-HK Stock Connect in Beijing on Sunday, Nanfang Daily reported,
quoting the response from Shenzhen Stock Exchange. An in-depth
explanation on the above work progress will be given by that time.
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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