China's insurance premiums rose to 461.72 billion yuan ($70.98 billion) in the first quarter of the year, the China Insurance Regulatory Commission (CIRC) said Thursday.
The Industrial and Commercial Bank of China (ICBC), the country's biggest commercial lender, said Thursday its net profits for the first quarter of 2011 rose 29.03 percent year-on-year to 53.84 billion yuan ($8.08 billion).
China Construction Bank (CCB), the nation's second largest lender by market value, said Thursday that its net profits in the first three months this year climbed 34.23 percent from a year earlier due to higher interest income and commissions.
The price of Chinese farm produce fell last week, the Ministry of Commerce said Thursday, indicating easing inflationary pressures this month.
For the first quarter, Baidu reported net income of $163.5 million, or 47 cents per American Depository Share, and its first sequential decline in profit in over a year. Analysts had estimated earnings per ADS of 45 cents.
China's oil giant PetroChina Co. announced Wednesday that its net profits in the first quarter this year rose 13.9 percent year-on-year to 37 billion yuan ($5.68 billion).
Agricultural Bank of China, the nation's largest lender to farmers, said Wednesday that its net profits in the first three months this year climbed 36.43 percent from a year earlier due to higher interest income and commissions.
The China Huarong Asset Management Corporation (Huarong) announced Wednesday that its first quarter net profits for 2011 surged more than 165 percent year-on-year.
China National Offshore Oil Company Limited announced Wednesday that its sales revenue jumped by almost 60 percent in the first three months driven by soaring output and prices.
Profits of China's industrial enterprises jumped 32 percent year-on-year for the first three months this year, China's National Bureau of Statistics (NBS) said Wednesday.
Haier Group, one of the world's leading white goods and home appliances makers, announced Wednesday that its first quarter net profit jumped 47.17 percent year-on-year to 531 million yuan ($81 million).
Fixed-asset investment in the electronic information industry has continued last year's booming trend into the first quarter of 2011.
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