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Financials

BRIEF-Hangzhou Binjiang Real Estate's 2017 Net Profit Up, To Issue Commercial Paper

March 15 (Reuters) - Hangzhou Binjiang Real Estate Group Co Ltd:

* SAYS 2017 NET PROFIT UP 23.35 PERCENT Y/Y AT 1.71 BILLION YUAN ($270.74 million)

* SAYS IT PLANS TO ISSUE UP TO 6.5 BILLION YUAN COMMERCIAL PAPER Source text in Chinese: bit.ly/2FLlKcH; bit.ly/2tTTrHI Further company coverage: ($1 = 6.3160 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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