China's third quarter profits fall

Last night, insurance stocks came out of the first three quarterly reports this year. China Ping An announced that the company in the first three quarters of this year to achieve net profit of 13.197 billion yuan, an increase of 8.4%, the basic earnings per share of 1.71 yuan.　　Ping An said the third-quarter profit was lower than in the previous two quarters, mainly due to market factors such as a decrease in the total investment income of equity assets over a year earlier. From the three pillar business, the insurance business and securities investment banking business to maintain a stable growth, banking has become the biggest bright spot. In the banking business, Ping An bank in the first three quarters to achieve profits of 1.373 billion yuan, an increase of 73.1%; after being acquired as one of the Ping an associates of the deep development of its contribution to its 635 million yuan profit.