BRIEF-Shanghai Construction's 2016 net profit up, plans industry fund and 2017 investment

March 24 (Reuters) - Shanghai Construction Group Co Ltd

* Says 2016 net profit up 12.0 percent y/y at 2.1 billion

yuan ($304.63 million)

* Says it plans to set up industry fund worth 6.0 billion

yuan with CMS Asset Management

* Says it plans investment of 32.0 billion yuan in 2017

Source text in Chinese: http://bit.ly/2nKq8mo;

http://bit.ly/2njjqCZ; http://bit.ly/2nKk8dg

Further company coverage:

($1 = 6.8936 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)