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.
NEW YORK, Sept 30 U.S. money market funds own small holdings of debt issued by Deutsche Bank AG as traders speculate about its future after the U.S. Justice Department imposed a $14 billion fine for its misselling of mortgage-backed securities.
The tiny holdings of Deutsche Bank short-term debt diminishes the likelihood of repeating the massive sale of Lehman Brothers' securities by money funds to meet heavy redemption amid the collapse of the U.S. investment bank during the global credit crisis eight years ago.
At the end of August, prime money market funds, which had $1 trillion in assets, held $2.7 billion of Deutsche Bank securities, according to data compiled by the U.S. Office of Financial Research. (Reporting by Richard Leong; Editing by Jeffrey Benkoe)
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