HONG KONG, Aug. 5, 2020 /PRNewswire/ -- China Renaissance Holdings Limited ("China Renaissance" or the "Company"; stock code: 1911.HK) announced today that, based on the preliminary review of the unaudited consolidated management accounts of the Company for the six months ended June 30, 2020, the Company expects to record a profit attributable to owners of the Company of RMB407.4 million, a 130% increase over the corresponding period of 2019. This positive profit update is largely attributable to an increase in operating profit from China Renaissance's fast-growing investment management business segment, combined with the Company's continued focus on controlling operating expenses and other costs.
During the first half of 2020, China Renaissance's core businesses – Investment Banking, Investment Management and Huajing Securities – delivered steady performance despite the ongoing global macroeconomic uncertainties and challenging market conditions:
A copy of China Renaissance's Profit Update filed with the HKEX is available here: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0805/2020080501430.pdf