Merxwire
26 Jul 2022, 00:50 GMT+10
Taipei, Taiwan (Merxwire) - The China Financial Development (CDF) and its subsidiaries, including CBID Capital, its private equity arm chaired by Angelo Koo, has posted healthy financial results for the first half of 2022 despite challenges brought on by the COVID-19 pandemic and geopolitical conflicts that have shifted the economic landscape of various markets.
Other subsidiaries of CDF such as China Life, have been high-performers and covered some of the losses encountered from unexpected current events and fluctuations. CDF foresaw the market potential and moved quickly to acquire China Life earlier this year, becoming a shining heavyweight of after-tax profits. To put things into perspective, CDF alone achieved an NT$9.67 million after-tax profits in the first quarter of 2022, while China Life saw an after-tax net income of NT$88.40 billion. China Life's embedded value rose to NT$402.5 billion as of the end of last year, up 12.6 percent from a year earlier, following the increase of its adjusted net worth and the value of in force. Efforts by CDF to diversify and continually push for expansion has paid off thus far, long-term results seem strong but are yet to be seen.
While CBID Capital's June results have been affected by fluctuation in the valuation of its investment portfolios, the company is making plans to expand its asset management services such as supporting start-ups in Japan.
Media Contact Information:
Company: Jet-Go Consulting
Contact person: Alvin Yang
Tel: +886-2-2370-8000 #2110
Get a daily dose of Oregon Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Oregon Telegraph.
More InformationPresident Joe Biden's bipartisan infrastructure law will disburse up to $239 million to help Georgia improve the resilience of transportation ...
With sky-high expectations after a monstrous talent haul at the trade deadline, the San Diego Padres might well have received ...
Washington [US], July 8 (ANI): Priyanka Chopra and Nick Jonas keep posting pictures of their drool-worthy vacations and fun gatherings ...
The Los Angeles Angels hope to have Shohei Ohtani available when they begin a rematch series against the host Oakland ...
Washington [US], August 8 (ANI): The Australian actor Paul Eenhoorn, best known for his critically acclaimed cameo appearances in the ...
The American leader has welcomed a ceasefire between Israel and Gaza militantsUS President Joe Biden has commended the Israeli government ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed on Monday, but gains and losses were modest.There is concern the ...
CANBERRA, Australia: Australia's new government has announced plans to ban the development of a coal mine located near the Great ...
WASHINGTON D.C.: The U.S. Transportation Department said it could require airlines to offer passengers a refund if their flight schedules ...
LONDON, England: In 2023, America's Major League Baseball is set to return to London for the first time since 2019, ...
NEW YORK CITY, New York: A New York Federal Reserve report released this week indicated that Americans are struggling to ...
NEW YORK CITY, New York: The Department of Financial Services of New York State said it has fined the crypto ...