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Ping An Bank lowers dividend for 2017

Ping An Bank Co. Ltd. will pay out a dividend of 13.6 Chinese fen per share for 2017, down from 15.8 fen per share for 2016.

The dividend was approved at a March 14 board meeting, the bank said March 15.

Ping An Bank is a unit of Ping An Insurance (Group) Co. of China Ltd.

As of March 15, US$1 was equivalent to 6.32 Chinese yuan.