Wrap Up of China's Breaking News Last Week
Liao Shumin
DATE:  Apr 30 2019
/ SOURCE:  yicai
Wrap Up of China's Breaking News Last Week Wrap Up of China's Breaking News Last Week

(Yicai Global) April 29 -- All of China's domestically listed A-share companies had announced their 2018 annual reports as of late April 26. By the fourth quarter's end, 16 brokers had paid more than CNY1 billion (USD148.6 million) each in payroll for the year among the 35 A-share listed ones in an aggregate CNY12. billion (USD1.8 billion). 

CITIC Securities was the only listed broker that paid over CNY10 billion in salary payments last year. Huatai Securities and CITIC Securities ranked first and second in average salary at CNY839,200 (USD124,646.1) and CNY763,400, respectively. 

The country's central bank the People's Bank of China refrained from tightening or easing monetary policy, as it shied from an excess or shortage of liquidity, PBOC Vice Governor Liu Guoqiang said. 

E Fund Management's scientific and technological innovation hybrid, China's first mutual fund focusing on the upcoming sci-tech innovation board and which intends to raise up to CNY1 billion, has hit the market since April 26. The pool has amassed over CNY10 billion (USD1.5 billion) thus far, with less than 10 shares available to each investor out of every 100 presold, Bank of China's broker stated. 

China's radio and television generated CNY563.1 billion (USD83.8 billion) in actual revenues last year, up 16.5 percent from a year earlier, data from the country's National Radio and Television Administration on April 24 shows. Revenue from broadcast advertising fell 9.8 percent per year to CNY14 billion, while that from online media advertising surged 60.4 percent to CNY49.2 billion.   

Nationwide industrial businesses above a designated scale realized an aggregate profit of CNY1,297.2 trillion (USD192.7 trillion) from January to March, down 3.3 percent per year, down 11 percentage down from the first two months, the National Bureau of Statistics said on April 27. 

Editor: Ben Armour

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Keywords:   Breaking News