BRIEF-China Jushi's 2016 net profit up 55 pct, plans debt issues and glass fibre project

March 20 (Reuters) - China Jushi Co Ltd

* Says 2016 net profit up 54.7 percent y/y at 1.5 billion

yuan ($217.28 million)

* Says it and unit plan to issue debt financing instruments

in 2017

* Says unit gets approval to issue 3.0 billion yuan

commercial paper

* Says it plans to invest 2.9 billion yuan in glass fibre

production project

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($1 = 6.9035 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)