Huarong eyes 20-30% profit rise

China Huarong Asset Management Co, one of the nation's biggest asset reconstruction firms, said it expected annual profit growth of between 20 percent and 30 percent in the next few years.

Its Chairman Lai Xiaomin said the projected growth target followed much faster expansion over the past few years.

That range of growth, from a much higher historical base, remains "very good", Lai said in Beijing on Monday on the sidelines of the annual meeting of the National People's Congress.