govt.chinadaily.com.cn

Latest News

China's insurance sector sees rising growth rate in 2019

Updated: Feb 29, 2020 Xinhua Print
Share - WeChat

China's insurance industry reported 4.3 trillion yuan (about $614.29 billion) of premium income in 2019, up 12.2 percent year-on-year, official data showed.

The growth rate was 13.7 percentage points higher than the previous year, the People's Bank of China said in its latest quarterly monetary policy implementation report.

The total assets of the insurance industry were 20.6 trillion yuan at the end of 2019, up 12.2 percent year-on-year.

The growth rate was 2.8 percentage points higher from a year earlier.

Among the total assets, bank deposits rose 3.5 percent year-on-year, while investment assets climbed 14.5 percent year-on-year.

Copyright©2024 China Daily. All rights reserved.

京ICP备13028878号-6

京公网安备 11010502032503号 京公网安备 11010502032503号