BEIJING James Bradberry Shirt , Aug. 26 (Xinhua) -- China Citic Bank said its profit rose 1.74 percent year on year in the first half.


Net profits hit 24.01 billion yuan (3.64 billion U.S. dollars) for the first six months. Sales revenue fell 2.08 percent to 76.58 billion yuan. Fee income increased 9.35 percent to 27.09 billion yuan.


Asset value fell 4.72 percent from a year ago to 5.65 trillion yuan by the end of June.


The outstanding bad loan increased 5.23 percent year on year while the non-performing loan ratio declined 0.04 percentage points to 1.65 percent.


Its capital adequacy ratio, a measure of a bank's capital, stood at 11.76 percent.


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China's leading search engine Baidu on Thursday required users of the company's services, including popular online forum Baidu Tieba and cloud storage service Ian Thomas Shirt , to register their real identities before June, otherwise they may be prevented from accessing the services.


Baidu said in a statement that the requirement was in accordance with China's Cyberspace Law, which stipulates that an Internet operator should require its users to provide real identities before publishing content and using instant messaging. The law will take effect on June 1.


Based on the requirement, Internet users should access the services