Rules for insurance investment abroad
(Reuters)
Updated: 2006-10-11 14:51 Underscoring the need to give insurers more investment choices, Li said the
income from insurance premiums in China were set to top 1 trillion yuan ($126
billion) by 2010, double the level seen in 2005.
Assets under management in China were expected to rise above 5 trillion yuan
by the end of the decade, he said.
In a statement, the regulator also gave the latest figures for the first
eight months.
-- Insurance premiums from January through August rose 14.0 percent from a
year earlier to 382.1 billion yuan ($48.3 billion). That compared with annual
growth of 13.3 percent in the January to July period.
-- By the end of August, total assets of insurance companies stood at 1.76
trillion yuan. That was up 228.7 billion yuan, or 15.0 percent, from the
beginning of the year, it said.
-- The agency said insurance assets under management hit 1.59 trillion yuan
at the end of August, up 12.9 percent from the beginning of the year. ($1=7.9160
yuan)
 | 1 | 2 |
(For more biz stories, please visit Industry Updates)
|
