日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Insurers, brokers fall by 10% daily limit

(China Daily)
Updated: 2008-01-29 07:16

China's insurers, among the world's most valuable after reaping record gains from a stock rally, fell by the 10 percent daily trading limit yesterday as the benchmark Shanghai Composite Index plunged 7.19 percent to a nearly six-month low.

China Life Insurance Co, the nation's largest insurer, closed at a seven-month low of 41.04 yuan.

Ping An Insurance (Group) Co and China Pacific Insurance Group Co also dropped by the daily limit to close at 72.53 yuan and 35.83 yuan respectively.

Domestic insurers risk "massive" redemptions and liquidity difficulties should markets slump, the industry regulator warned on Jan 25.

"Once the capital market heads for a downturn, we will suffer very badly and face huge risk," said Wu Dingfu, chairman of the China Insurance Regulatory Commission. "There can be massive redemptions and insurers may face liquidity difficulties."

China Life and rivals earned a record 279.2 billion yuan from investment returns last year, more than the previous five years combined. The gains underscore the industry's dependence on a stock market that has lost 20 percent from its Oct 16 peak after surging more than sixfold in the previous two years.

China's brokerages, another sector closely linked to the performance of the stock market, also fell by the daily limit.

CITIC Securities Co, Asia's biggest brokerage, declined 10 percent in Shanghai to close at 68.42 yuan. The company's shares have lost 41 percent from their record of 116.52 yuan on Nov 2.

About half of brokerages' revenue is made by trading stocks for clients. They made record profits last year as the CSI 300 Index almost tripled, fueled by 573 million investment accounts opened in the first 11 months of 2007.

Haitong Securities Co declined by 10 percent to 44.79 yuan.

China's stock exchanges don't allow a company's shares to fall or rise more than 10 percent from the previous day's close.

Other brokerages that dropped by the daily limit included Hong Yuan Securities Co, to 31.79 yuan; Northeast Securities Co, to 42.74 yuan; Guoyuan Securities Co, to 33.16 yuan; and Changjiang Securities Co, to 27.52 yuan.

Sinolink Securities Co, which trades under the name of Chengdu Urban Construction Investment & Development Co after taking over the company, closed 10 percent lower at 50.99 yuan.

Agencies

(China Daily 01/29/2008 page15)



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 精品久久久网站 | 成年人激情网站 | 99热91| 在线观看国产精品一区 | 五月婷久久| 亚洲午夜视频在线 | 黄页网站在线看 | 日韩亚洲一区二区 | 国产日产亚洲精品 | 亚洲自拍av在线 | 欧美国产精品一区二区 | 黄色大片一级 | 国产人人看 | 黄色亚洲视频 | 99极品视频 | 亚洲天堂毛片 | 午夜啪啪网 | 成人在线日韩 | a√天堂网| 欧美综合第一页 | 114国产精品久久免费观看 | 男人操女人的视频网站 | 最新国产中文字幕 | 国产精品wwww | 日韩第九页 | 天天爽夜夜爽人人爽 | 久久久久久伊人 | 操综合| 欧洲黄色片 | 精品国产一区在线观看 | 亚洲a在线观看 | 九色精品| 91精品综合久久久久久五月天 | 中文字幕综合在线 | 成人黄色三级视频 | 精品四虎 | 日本毛片在线 | 一级真人毛片 | 亚洲欧美在线观看 | 亚洲一区二区三区在线看 | 向井蓝在线观看 |