De­clin­ing Pre­mium In­come

Beijing Review - - This Week Economy -

China’s in­sur­ance in­dus­try pre­mium in­come fell 19.9 per­cent to 685 bil­lion yuan ($109 bil­lion) in Jan­uary, ac­cord­ing to data from the coun­try’s in­sur­ance reg­u­la­tor.

This com­pares with an in­crease of 18.2 per­cent in 2017. Out­stand­ing in­vest­ment by in­sur­ers stood at 15 tril­lion yuan ($2.38 tril­lion) at the end of Jan­uary, up 0.7 per­cent from the start of the year, the China In­sur­ance Reg­u­la­tory Com­mis­sion (CIRC) said on its web­site.

Some 34.5 per­cent of the in­vest­ment went to the bond mar­ket, while an­other 13.4 per­cent was in­vested in stocks and se­cu­ri­ties funds, ac­cord­ing to the CIRC.

To­tal as­sets of the in­sur­ance in­dus­try stood at 16.9 tril­lion yuan ($2.68 tril­lion) at the end of Jan­uary, rep­re­sent­ing an in­crease of 0.93 per­cent from the be­gin­ning of the year.

This comes af­ter the CIRC, along with other fi­nan­cial reg­u­la­tors, en­hanced reg­u­la­tion of the sec­tor to defuse risks. The coun­try has listed fore­stalling and de­fus­ing ma­jor risks as one of the coun­try’s

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.