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China Renaissance Announces Positive Profit Update


China Renaissance Announces Positive Profit Update
Expects to Record a 194% YoY Increase in Profit Attributable to Owners of the Company for the Six Months Ended June 30, 2021
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HONG KONG, July 28, 2021 /PRNewswire/
China Renaissance Holdings Limited ( China Renaissance or the Company ; stock code: 1911.HK) announced that, based on the preliminary review of the unaudited consolidated management accounts of the Company for the six months ended June 30, 2021, it expects to record approximately RMB1,200 million in profit attributable to owners of the Company, a 194% increase over the prior year period. This positive profit update is largely attributable to China Renaissance s investment banking and investment management segments, combined with China Renaissance Securities turnaround from loss to profit. ....

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Why Hong Kong is still a desirable business destination


Why Hong Kong is still a desirable business destination
By JIANG CHENGLONG in New York |
China Daily Global |
Updated: 2021-05-18 10:59
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A Star Ferry boat crosses Victoria Harbour in front of a skyline of buildings in Hong Kong, China, June 29, 2020. [Photo/Agencies]
The US business community is still highly interested in Hong Kong and the opportunities it offers, including the role it plays in the Guangdong-Hong Kong-Macau Greater Bay Area, which will be the biggest economic zone in the Chinese mainland, a HK business official said.
The investors are looking into a much bigger economic cluster and they can take advantage of HK in terms of its international outlook and very close and strong link with the cities in mainland. It s like the dual role we are playing, said Candy Nip, director of the Hong Kong Economic and Trade Office (HKETO) in New York, in a recent virtual interview with Chin ....

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