China Re expecting a 35% decrease in profits

State-owned reinsurer China Reinsurance Corporation (China Re) is expecting between 30% and 35% decrease in net profits attributed to shareholders in 2016. This setback is accounted for by the decline in the return of financial investments.

The 2016 forecasts point to a 5.3 billion CNY (762 million USD) in net profits whereas in 2015, the reinsurer had posted 7.579 billion CNY (1.16 billion USD) in net profits.

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