|
BIZCHINA> Top Biz News
![]() |
|
Related
Insurance sector Q1 investment returns hit 1.2%
(Agencies)
Updated: 2008-04-23 14:27 Chinese insurance companies earned a combined 31.13 billion yuan ($4.46 billion) from their investment activities in the three months to March, for a return of 1.2 percent, regulators said. Yuan Li, a spokesman for the China Insurance Regulatory Commission (CIRC), said at a news briefing that the insurance sector deployed 13.1 percent of its investment portfolio in stocks, while stock funds accounted for 8.3 percent. The sector also invested 16.0 percent and 49.4 percent in deposits and bonds, respectively. Investment returns in 2007 were 10.9 percent, according to the CIRC. The insurance sector generated premium income of 297.91 billion yuan in the first quarter, up 51.6 percent, Yuan said. Property insurance premium income totaled 64.15 billion yuan, up 24.6 percent, while premium income from life insurance rose 62.1 percent to 213.06 billion yuan, he said. Premium income from health and accident insurance rose 66.3 percent and 26.3 percent respectively, to 15.14 billion yuan and 5.56 billion. The insurance sector had assets of 2.94 trillion yuan at the end of March, up 1.5 percent from the beginning of the year, Yuan added. (For more biz stories, please visit Industries)
|
米脂县| 克什克腾旗| 章丘市| 响水县| 红安县| 自贡市| 宜城市| 桃江县| 苍溪县| 乡宁县| 塔河县| 英吉沙县| 淄博市| 府谷县| 乃东县| 饶河县| 那曲县| 麻阳| 始兴县| 灵武市| 鹤岗市| 天峻县| 南川市| 朝阳县| 平塘县| 含山县| 灵丘县| 五大连池市| 珲春市| 嘉黎县| 邹平县| 海淀区| 中卫市| 清远市| 仁布县| 肥东县| 龙门县| 五大连池市| 海淀区| 沿河| 黄大仙区|