Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Net assets of China's insurance industry up 17.5%
Adjust font size:

Net assets of China's insurance industry rose 17.5 percent from the beginning of this year to 329.9 billion yuan (48.3 billion U.S. dollars) by the end of June, Yuan Li, a spokesman of the China Insurance Regulatory Commission (CIRC), told reporters Friday morning.

The CIRC would facilitate China United Property Insurance Co., Ltd. to introduce strategic investors to inject capital into the company, improve its governance and guarantee its sustainable operation, Yuan said.

The insurer suffered losses in recent years due to fast expansion of branches, weak management capabilities and rising operation costs, he added, without giving specific figures.

The Xinjiang-based insurance company is the country's fourth-largest property insurer.

(Xinhua News Agency July 31, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Insurance's income tops 598 bln yuan in H1
- Struggling firms to get insurance break
- Insurance premiums paid in China rose 10%
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?