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Analysts said this a reflection of the overall weakening economy, but profit growth of those firms may gradually pick up starting from the second quarter as the country's supportive policies take effect.

Analysts said on Tuesday that tightened lending had immediate effect on transactions and without liquidity speculative demand had been taken out of the market.

Analysts said the Chinese central bank was filling demands for credit while keeping financial system risks under control.

Analysts said it was because the company's non-public offering of shares plan, the pricing of the new shares and investors' shareholdings might have contradicted February's newly-revised regulations, according to reports by China Securities Journal and caixin.com.

Anbang sales staff explain the insurer's products to visitors at the Beijing Internatonal Investment and Wealth Management Expo. [Photo/China Daily]