Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Thursday, August 10, 2000, updated at 20:18(GMT+8)
Business  

China's Insurance Sector Reports Moderate Growth in First Half Year

China's insurance sector reported a moderate growth in the first half of the year, with premiums totaling 79.6 billion yuan, up 6.7 percent from the same period last year.

According to figures released by the China Insurance Regulatory Commission (CIRC), premiums from property insurance rose by 9.4 percent to 32.9 billion yuan, while premiums from life insurance gained 4.9 percent to 46.7 billion yuan.

Assets of insurance firms amounted to 311.7 billion yuan by the end of June, an increase of 39 billion yuan from six months ago.

CIRC chairman Ma Yongwei said the operation of the insurance market has been stable and healthy. Claim payments dropped two percent and 22 percent for property and life insurers, respectively.

The insurance policies from overseas have also helped stimulate the market.

Ma said the insurance sector is preparing for China's expected accession into the WTO. Both CIRC and insurers have conducted trained their staff, and have prepared counter measures against WTO-related challenges.




In This Section
 

China's insurance sector reported a moderate growth in the first half of the year, with premiums totaling 79.6 billion yuan, up 6.7 percent from the same period last year.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved