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Our three quarter net profit fell sharply rising cost of investment income dropped 60% ca1810

Our three quarter net profit fell sharply 60% investment income dropped the rising cost of We want you! The first 2016 China Potter Rockefeller award officially started! Funds, insurance, brokerage and other financial institutions, information management capabilities which is better? Please click [vote], select the strongest institutions in your heart! Source: the interface is a quarterly three quarter, and the vast rain is the life insurance industry "carrier" China life three quarter net profit fell 60%; and in previous years, this year the insurance market concern about the surge. The evening of October 27th, China life insurance Limited by Share Ltd (hereinafter referred to as Chinese life) disclosed three quarterly, 2016 1 to September, its net profit attributable to shareholders of the parent company was 13 billion 528 million yuan, down 60% compared with the same period last year; to achieve operating income 456 billion 400 million yuan, an increase of 7.7% compared with the same period last year. Through a more detailed view of the financial indicators, the first three quarters of this year, China life insurance premiums have achieved an increase of a large decline in investment income. As of September 30, 2016, China Life investment assets 2 trillion and 450 billion yuan. The beginning of the year to the end of the reporting period, the net investment yield of 4.51%, total investment return rate of 4.43%, the surrender rate 3.11%. Earned premium 368 billion 78 million yuan, an increase of 20.7% over the same period in 2015. The three quarterly disclosure, the first three quarters of investment income fell 30.3%, the reason is to reduce the equity investment spread income, fee and commission expenses increased by 50.8%, due to business growth and structure optimization of the company, the first year pay business commission expenses increased. The first three quarters, it is noteworthy that the acquisition of China Life Insurance trading bank of Guangdong development. February 29, 2016 China Life and Citigroup Inc. (hereinafter referred to as Citigroup) entered into a share purchase agreement, and with IBM Credit LLC (hereinafter referred to as IBM Credit) and Citigroup equity transfer agreement. According to the agreement, China life to 6.39 yuan per share price of Citigroup and IBM Credit to acquire a total of about $3 billion 648 million shares of GF bank Limited by Share Ltd, with a total consideration of approximately RMB 23 billion 312 million yuan. The transaction was completed in August 29, 2016, after delivery, China Life Insurance Co., Ltd. holds a 43.686% stake in Guangdong Development Bank, its single largest shareholder. In the three quarterly disclosure at the same time, Chinese life also disclosed a related transaction report, which shows Chinese life insurance Limited by Share Ltd, China life insurance (Group) Company and Chinese life insurance Limited by Share Ltd (all parties as a limited partner) and China (Shanghai) intends to Chengda health equity Cci Capital Ltd (general partner) signed the "China Life Chengda (Shanghai) health industry equity investment center (limited partnership) partnership agreement" (hereinafter referred to as the "partnership agreement"), jointly established China Chengda (Shanghai) health industry equity investment center (limited partnership) (hereinafter referred to as partnership) (the name is in the performance of the industry and commerce registration). theory相关的主题文章: