China Life Insurance will increase alternative, fixed-income investments in 2017
BEIJING, March 24 China Life Insurance Co Ltd will increase alternative and fixed-income investments in 2017, a vice president said on Friday.
DUBAI Oct 4 Bahrain-based private equity investor Investcorp said on Tuesday that a subsidiary was being sued by New York-based investment manager Kortright Capital Partners.
The subsidiary, Investcorp Investment Advisors, partnered with Kortright in July 2013 in order to provide Kortright with "stable growth capital" while "offering Investcorp and its investors access to a specialised event equity strategy", according to information on Investcorp's website.
In its brief statement to the Bahrain bourse on Tuesday, Investcorp did not give any details of the suit but said: "We regard the lawsuit to be groundless and we will defend against the lawsuit vigorously." (Reporting by Hadeel Al Sayegh; Editing by Andrew Torchia)
SHANGHAI, March 24 China's primary money rates fell on Friday after surging to multiple-year highs earlier in the week, driven up by a cash squeeze on worries over central bank-led liquidity checks at the end of this month. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered a key indicator of general liquidity in China, was 2.8076 percent by midday, around 21 basis points lower than the previous day's closing average ra
* Fy core profit attributable was RMB413.1 million, with core profit margin of 5.9 pct