Exchange rates

USDCNH

Delayed 02:00:02 17/07/2024 BST			5-day change	1st Jan Change
7.289 ^CNH	+0.02%		-0.02%	+2.36%

03:20am	CHINA C.BANK SAYS SETS 7-DAY REVERSE REPO RATE AT 1.80% VS 1.80%…	RE
07-16	Chinese Central Bank's New Policy Tools Let It Act More Like the Fed	DJ

Profit at China's centrally-owned firms seen rising 5% in 2022

January 05, 2023 at 12:42 pm

BEIJING, Jan 5 (Reuters) - Net profit at China's centrally-owned firms is expected to have risen 5% year-on-year in 2022 to 1.9 trillion yuan ($277 billion), according to data from the state asset regulator on Thursday.

Operating income is seen up 8.3% from a year earlier at 39.4 trillion yuan, the data showed.

($1 = 6.8702 Chinese yuan renminbi) (Reporting by Meg Shen and Ellen Zhang Editing by Mark Potter)

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